Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Lawmakers Introduce Bill to Cap Hurricane Deductibles at $1,500
Jan 10 2013 // New York legislators have introduced a bill this week that seeks to cap the percentage-based hurricane deductibles for homeowners’ insurance or dwelling fire personal lines policy in New York State at $1,500.The New...
Zurich in North America Names Chief Risk Engineering Officer in N.Y.
Jan 9 2013 // Zurich in North America (ZNA) has appointed Thomas Fioretti as chief risk engineering officer. He will be based in New York. In this role, Fioretti will be responsible for the ongoing development and delivery of risk...
Marsh & McLennan Senior VP Moves to Integro in New York
Jan 9 2013 // Insurance brokerage and risk management firm Integro appointed Nick Trent as a principal in its property practice. He will be based in the firm’s New York office.Nick TrentTrent brings to Integro more than 23 years...
AIG Says It Has Obligation to Consider Bailout Lawsuit; Critics Pounce
Jan 9 2013 // American International Group Inc., the insurer rescued by the U.S. government in 2008, said on Tuesday it is considering joining a lawsuit that claims the bailout terms were unfair, drawing angry condemnation from...
Right Street: A Plan for New York to Prepare for Catastrophes
Jan 8 2013 // New York State’s NYS 2100 Commission, created by Gov. Andrew Cuomo in the wake of Hurricane Sandy to offer recommendations on ways to better prepare for natural disasters, is out with its initial report, including a...
AIG May Join Suit Against Federal Government Over ‘Unfair’ Bailout Terms
Jan 8 2013 // American International Group Inc., the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may join a lawsuit against the government alleging the terms of the deal were...
New York AG Can’t Stop $115M AIG Settlement with Ex-CEO Greenberg, Others
Jan 8 2013 // New York Attorney General Eric Schneiderman cannot stop a $115 million settlement between American International Group Inc. shareholders and the insurer’s former chief executive and others, a U.S. judge ruled on...
N.Y.-Based Russell Bond Names Senior Broker
Jan 8 2013 // Buffalo, N.Y.-based insurance wholesaler Russell Bond & Co. Inc. recently appointed Les Dalmata as senior broker operating from the Utica, N.Y. area.Les DalmataHis responsibilities include production of property,...
Sandy Victims in N.J., N.Y., Blast Delays in Flood Insurance Aid
Jan 6 2013 // Even as Congress passed the first part of an aid package for victims of Superstorm Sandy, many victims seethed, wondering why it took so long. The $9.7 billion measure approved on Friday, Jan. 4, allows the National Flood...
Russell Bond Buys Independent Garage and Towing Contractors Services in N.Y.
Jan 4 2013 // Buffalo, N.Y.-based insurance wholesaler Russell Bond & Co. Inc. recently acquired Independent Garage and Towing Contractors Services Inc. (IGTC), also of Buffalo. IGTC is a nationwide insurance purchasing group...
New York Troopers Issue 33,000 Tickets Through Holidays
Jan 4 2013 // New York State Police say they issued more than 33,000 traffic tickets and arrested 538 people for driving while intoxicated statewide in a campaign that began Dec. 14 and continued through the holidays until Jan. 1. Part...
Munich Re 2012 Cat Report Underscores Extreme Weather in U.S.; Sandy Losses
Jan 3 2013 // The figures for natural catastrophse that occurred in 2012 are “dominated by weather extremes in the USA,” according to a report from Munich Re. The reinsurers said the U.S. “accounted for a higher...
House to Vote on Flood Insurance Funds on Friday; Sandy Aid Later
Jan 2 2013 // Under fire from fellow Republicans from Sandy-stricken New York and New Jersey, House Speaker John Boehner, R-Ohio, today agreed to hold two separate votes on storm relief including one vote on Friday to make about $9...
House Republicans Look to Split $60B Sandy Aid Bill in Half
Jan 1 2013 // The U.S. House of Representatives is expected to split a $60.4 billion Superstorm Sandy disaster aid bill into two parts, staging votes on $27 billion to fund immediate recovery needs and $33 billion for long-term and...
Looking Back at Insurance News of 2012: The Year’s Biggest Stories
Dec 31 2012 // With less than a day left until the end of the year, here’s a look back at some of the biggest property/casualty insurance news stories in 2012 that impacted the Northeast region, in chronological order: Top Investor...
N.Y. Officials Suspend Staten Island Storm Home Repair Program
Dec 28 2012 // An initiative that sends workers into storm-damaged Staten Island homes in New York to make electrical repairs for free is being suspended because officials say it’s getting expensive.Sandy survivors in Staten Island...
N.Y. Agency Owner Charged With Issuing Fraudulent Certificates of Insurance
Dec 28 2012 // Authorities said a New York-based insurance agency owner has been charged with allegedly issuing fraudulent certificates of insurance. The New York State Police announced on Dec. 22 that Walter Davis, the owner of W. Davis...
U.S. Apppeals Court Revives Workplace Cybertheft Claim
Dec 27 2012 // In a decision that could make it easier for businesses to police cybertheft in the workplace, a U.S. appeals court revived a chemical company’s lawsuit accusing a former Toronto-area employee of using her home...
Up to $25 Million in Sandy Losses for N.Y.-Based Navigators Group
Dec 26 2012 // The Navigators Group Inc. announced on Dec. 21 that its preliminary estimate of losses relating to Superstorm Sandy ranges between $18 million and $25 million, net of reinsurance and the effects of reinstatement premiums....
Attorneys Discuss Liability Insurance Coverage for Sandy Litigation
Dec 21 2012 // Homeowners, businesses, and municipalities in the tri-state area continue to rebuild and rebound from Superstorm Sandy. Often, large-scale devastation and destruction are followed by lawsuits against individuals and...
