Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Ironshore International Names Marine Re Unit President in New York
Jan 31 2013 // Ironshore International announced that Steven W. Komis has been appointed as president of Marine Re, based in New York. Komis will oversee the continued expansion of Ironshore’s Marine Re unit, a specialist marine...
N.Y. Lawmaker Aims to Clamp Down on Unfair Claim Settlement Practices
Jan 30 2013 // A New York state lawmaker recently introduced a piece of legislation that aims to prevent unfair claim settlement practices during a declared state emergency.N.Y. Assemblywoman Nicole Malliotakis introduced a bill that...
Senate Passes $50 Billion Sandy Aid Package; Bill Goes to Obama
Jan 28 2013 // A long-delayed $50.5 billion aid package for victims of Superstorm Sandy cleared the Senate on Monday, three months after the storm destroyed or damaged hundreds of thousands of homes and businesses in coastal New York,...
Demand Surge Not An Issue For Sandy; Property Losses Near $19B
Jan 28 2013 // Although demand surge was an issue for the property/casualty industry following a trio of hurricanes in 2005, for Superstorm Sandy the demand-surge impact is minimal so far, an expert said recently. There has only been a...
Lawmakers Introduce Bills to Address Post-Sandy Concerns
Jan 28 2013 // Legislators in New York and New Jersey have introduced a number of new bills to address some homeowners insurance- related complaints they have been receiving in the wake of Sandy. On Jan. 9, New York legislators have...
People – East
Jan 28 2013 // Marsh, the insurance broking division of N.Y.-based Marsh & McLennan Cos., appointed Brenda Shelly as the firm’s new U.S. directors and officers liability (D&O) product leader. Shelly, who has relocated from...
N.Y. Gov.: New Workers’ Comp Bill Will Offer Relief to Businesses
Jan 28 2013 // New York State Gov. Andrew Cuomo said his administration plans to introduce new legislation to continue to improve the workers’ compensation system and provide relief to thousands of businesses. The new proposals...
A Plan for New York to Prepare for Catastrophes
Jan 28 2013 // New York State’s NYS 2100 Commission, created in the wake of Sandy to offer recommendations on ways to better prepare for natural disasters, is out with its initial report, including a section on potential changes to...
Industry Groups Applaud N.Y. Gov. Cuomo’s Workers’ Comp Reform Proposal
Jan 25 2013 // New York Gov. Andrew Cuomo’s proposal to strengthen the state’s workers’ compensation system — officially introduced on Jan. 22 as part of his 2013-2014 executive budget — is getting a...
N.Y.-Based WKFC Underwriting Managers Hires Executive Vice President
Jan 25 2013 // Melville, N.Y.-based WKFC Underwriting Managers appointed Brian Specht as executive vice president, professional lines. In his new role, Specht will be responsible for driving new business and product development across...
N.Y. Insurers’ Sandy Response ‘Report Card’ Shows 0.48% Claims Complaint Rate
Jan 24 2013 // The New York regulators’ latest “report cards” on the performance of insurers in the wake of Superstorm Sandy shows that 1,830 consumer complaints have been filed from 381,827 Sandy-related claims —...
Scottish American Capital Acquires N.Y.-Based MGA Buckingham Badler
Jan 23 2013 // New York-based investment fund Scottish American Capital has acquired managing general agent Buckingham Badler Associates, also of New York. Founded in 1973, Buckingham Badler Associates is based in Staten Island, N.Y.,...
Some Decry Damaged Cars at New York Runway Site on Long Island
Jan 21 2013 // Environmentalists are decrying the placement of 18,000 damaged automobiles on a runway at a defunct defense plant on eastern Long Island, N.Y. The vehicles were destroyed by flooding from Superstorm Sandy. The town...
Marsh Names U.S. D&O Liability Product Leader in New York
Jan 18 2013 // Marsh, the insurance broking division of Marsh & McLennan Cos., announced that Brenda Shelly, a veteran management liability broker and underwriter, has been appointed the firm’s new U.S. directors and officers...
A.M. Best Withdraws Ratings of Community Mutual Insurance Co. in N.Y.
Jan 17 2013 // Insurance ratings agency A.M. Best Co. said it has downgraded the financial strength rating to C (Weak) from C+ (Marginal) and the issuer credit rating to “ccc” from “b-” of Community Mutual...
After Sandy, N.Y. Assembly Advances ‘Homeowners Bill of Rights’ Legislation
Jan 17 2013 // A leading New York lawmaker introduced two pieces of legislation this month to help homeowners better understand their insurance coverages and to tighten the timeframe requirements for insurers when responding to claims...
House Sends $50.5 Billion Sandy Disaster Aid Bill to Senate
Jan 15 2013 // The House of Representatives on Tuesday approved $50.5 billion in long-delayed federal disaster aid to victims of Superstorm Sandy, but not before Republicans flexed their budget-cutting muscle to strike some spending...
Flood Walls for Subways: N.Y. Commission Urges Safeguards Against Future Storms
Jan 14 2013 // A commission formed to examine ways to guard against storms like Sandy released a report Jan. 11 that calls for flood walls in subways, water pumps at airports and sea barriers along the coast. The final report was first...
AIG Sues to Preserve Right to Sue Bank of America, Others Over Mortgage Debt
Jan 14 2013 // American International Group Inc. has filed a lawsuit against a vehicle created by the Federal Reserve Bank of New York to help bail out the insurer, in a bid to preserve its right to sue Bank of America Corp .and other...
2013 Insurance Industry Meetings & Conventions Directory
Jan 14 2013 // JANUARY P/C Insurance Joint Industry Forum Jan 15 Waldorf Astoria Hotel, New York, NY Insurance Information Institute www.iii.org 2013 Big ‘I’ Winter Meeting Jan 16-20 The Westin Mission Hills Resort & Spa,...
