Latest New York Headlines

All the headlines from our New York Topic Page, ordered by recency.

N.Y. Gov. Cuomo Urges Homeowners to Protect Against Storm Losses‎

Jul 20 2012 // New York Gov. Andrew Cuomo is urging to take steps now to protect their homes in the event New York is hit by any of the nine to 15 storms the National Oceanic and Atmospheric Administration (NOAA) predicts for the 2012...

Upstate N.Y. Power Outages Remain After Thunderstorm

Jul 19 2012 // More than 2,000 National Grid customers in northern New York remain without power after a severe thunderstorm knocked down trees and utility lines and damaged several buildings. The utility reported 16,000 homes and...

AIG Executive Joins Allied World’s Excess Casualty Unit in New York

Jul 19 2012 // Allied World U.S., part of Switzerland-headquartered Allied World Assurance Company Holdings AG, has appointed Kevin Maloney as vice president, excess casualty.Kevin MaloneyBased in Allied’s New York City office,...

New York State to Lower Workers’ Comp Premiums for Businesses by 1.2%

Jul 18 2012 // New York Gov. Andrew Cuomo said Tuesday that New York State employers will see a reduction in workers’ compensation premium rates. He said rates to policyholders will see a decrease of 1.2 percent in the upcoming...

Why Workers’ Compensation Leads in E&O Claims

Jul 16 2012 // Every year, errors and omissions (E&O) claims arising out of the placement of workers’ compensation account for approximately 10 percent of all claims. Many of those workers’ comp claims are well in excess...

New York State Hands Out $16M in Flood Control Grants

Jul 16 2012 // New York Gov. Andrew Cuomo says the state will give $16 million in grants to communities hit by last year’s damaging storms. The state originally planned to distribute $9 million to 23 counties. But it has come up...

N.Y. Issued 20,958 Tickets for Texting While Driving During Past Year

Jul 13 2012 // New York Gov. Andrew Cuomo on Thursday marked the one year anniversary of the state’s strict law to prevent distracted driving.Gov. Cuomo says the new law has helped law enforcement authorities crack down hard on...

Buffalo Region Has Highest Auto Theft Rate in New York State: Report

Jul 12 2012 // The New York Insurance Association said Thursday the Buffalo-Niagara Falls metropolitan area has the highest vehicle theft rate in New York State. The region had a vehicle theft rate of 161.19 thefts per 100,000...

FBI, N.Y. Police Work to Retrieve Boat Where 3 Died

Jul 11 2012 // FBI divers and police officials in New York are working to retrieve a yacht that capsized and sank, killing three children. The 34-foot Kandi Won is about 60 feet below the surface, off the north shore of Long Island. It...

Allied World U.S. Launches Construction Casualty Unit in New York

Jul 11 2012 // Switzerland-headquartered Allied World Assurance Company Holdings AG has expanded its U.S. casualty operations with the launch of a new construction casualty division. The new division will be run from Allied’s New...

Chubb, Willis Executives Join Aon Risk Solutions in New York

Jul 11 2012 // Aon Risk Solutions, the global risk management business of Aon plc, recently hired Edward Reilly and Joseph Russo as senior vice presidents in the construction services group.Edward Reilly, left, and Joseph Russo recently...

N.Y.-Based Navigators Taps Zurich Exec to Lead Its Underwriting Agency

Jul 10 2012 // Rye Brook, N.Y.-based specialty insurer The Navigators Group has appointed Vincent Tizzio as president and CEO of Navigators Management Company Inc., its principal U.S. underwriting agency subsidiary.Vincent TizzioHe will...

3 Dead, 24 Rescued After Yacht Capsizes Off New York’s Long Island

Jul 6 2012 // The man operating a yacht full of fireworks-watchers that capsized off New York’s Long Island on the Fourth of July, killing three children, said Thursday the vessel was slammed by a wave. Sal Aurelino told...

N.Y. Regulator Seeks Insurer Data in 9/11 Case

Jul 5 2012 // New York’s top insurance regulator has directed insurers to detail payouts and reserves for claims in the 2001 World Trade Center attacks in an effort to prompt settlement of the decade-old federal case. Benjamin...

N.Y. Judge: Aon’s Poaching Suit Against Alliant Can Proceed

Jul 3 2012 // A New York court ruled last week that Aon Risk Services Northeast can proceed with its lawsuit against California-based Alliant Insurance Services involving employment covenants. Aon alleged that several of its former...

N.Y. to Hold Flood Insurance Adjuster Certification Class on July 17

Jul 3 2012 // New York will be offering its annual training session this month for property/casualty insurance adjusters who want to seek or maintain certification so they can conduct adjuster services for claims filed under National...

Marsh & McLenna Announces Promotion in Oliver Wyman Division in N.Y.

Jul 2 2012 // New York-headquartered Marsh & McLennan Companies Inc., has promoted Paula McGlarry to general counsel of Oliver Wyman Group, the company’s management consulting subsidiary. McGlarry also joins the Oliver Wyman...

Business Moves – East

Jul 2 2012 // USI, Lynch, Beretta and Bucci USI Insurance Services completed the acquisition of Lynch, Beretta and Bucci Insurance, a Pawtucket, R.I.-based P/C insurance agency that specializes in a wide range of personal lines,...

People – East

Jul 2 2012 // New Jersey Manufacturers Insurance Company has promoted Treasurer Charles Prall to chief financial officer. He will also serve on the insurer’s board of directors. Being named to the CFO position is an enhancement of...

Force-Placed Insurers to Submit Lower Rates in N.Y.

Jul 2 2012 // New York regulators have ordered three major insurers offering “force-placed” homeowners insurance in New York to submit proposals for new premium rates. The state’s Department of Financial Services (DFS)...