Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Business Moves – East
Aug 6 2012 // USI, Kelly Insurance USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., completed its acquisition of New York-based Kelly Insurance Brokerage Inc. Terms of the transaction...
Marsh USA Executive Joins XL Group’s Primary Casualty Unit in New York
Aug 2 2012 // XL Group plc has appointed industry veteran Alfred Bergbauer as head of multinational casualty in North America. Bergbauer will report to Ken Riegler, president of XL Group’s North American Primary Casualty group. He...
Natural Gas Drilling Co. Tells N.Y.: Stop the Local Bans or We’ll Sue
Aug 1 2012 // A natural gas drilling company is taking a new tack in the industry’s fight against local drilling bans: It’s threatening to sue if New York regulators don’t step in and extinguish the prohibitions. John...
N.Y. Judge Orders Iran, al-Qaida to Pay $6B for 9/11
Aug 1 2012 // A federal judge in New York has ordered al-Qaida, the Taliban and Iran to pay $6 billion to relatives of Sept. 11 victims for aiding in the 2001 terror attacks. Manhattan Federal Magistrate Judge Frank Maas’ ruling...
Violent Storms Kill 2, Leave Thousands Without Power in Mid-Atlantic, Midwest
Jul 27 2012 // Violent thunderstorms barreled through the Ohio Valley and mid-Atlantic regions of the eastern United States late on Thursday, killing two people and cutting power to more than 130,000 homes and businesses in New York,...
General Star’s Real Estate Appraiser E&O Program Now Available in N.Y.
Jul 25 2012 // General Star Management professional liability coverage for real estate appraisers has been approved and is now available in New York on an admitted basis. Underwritten by General Star’s Professional E&O...
Liberty Mutual Executive Joins The Navigators Group in Rye Brook, N.Y.
Jul 25 2012 // Rye Brook, N.Y.-based specialty insurer The Navigators Group appointed Mark Yunque as chief actuary and senior vice president of Navigators Management Company Inc., its principal U.S. underwriting agency subsidiary. In his...
New York Licenses First Mutual Bond Insurer for U.S. Municipal Market
Jul 24 2012 // New York State’s Department of Financial Services announced this week that it has licensed Build America Mutual Assurance Company (BAM) to operate as the first mutual bond insurer serving the U.S. municipal market...
USI Insurance Services Acquires Kelly Insurance Brokerage in New York
Jul 24 2012 // USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., completed its acquisition of New York-based Kelly Insurance Brokerage Inc. Terms of the transaction were not...
Integro Insurance Executive Joins Frank Crystal & Co. in New York
Jul 24 2012 // New York-based brokerage firm Frank Crystal & Co. has appointed Walter S. Tomenson III as producer and executive director. He will report to John Smith, executive vice president of Frank Crystal & Company. He...
Walnut Place Drops Objections to $8.5 Billion BofA Deal; AIG Still Questions
Jul 24 2012 // Walnut Place, an entity that had challenged a proposed $8.5 billion settlement between Bank of America Corp. and investors in failed mortgage-backed securities, has withdrawn its objections to the deal. The development on...
N.Y. Judge: Aon’s Poaching Suit Against Alliant Ins. Can Proceed
Jul 23 2012 // A New York court ruled recently 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...
New York’s Top Regulator Seeks Insurer Data in 9/11 Case
Jul 23 2012 // New York’s top insurance regulator has directed insurers this month 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...
Buffalo Region Has Highest Auto Theft Rate in New York State
Jul 23 2012 // The New York Insurance Association said this month 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...
People – East
Jul 23 2012 // Pawtucket, R.I.-based Narragansett Bay Insurance Company recently named Todd Hart as the new chief executive officer. Narragansett Bay founder Nick Steffey, who has stepped down from the CEO role, will continue as...
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...
