Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
R-T Specialty Hires Wholesale Veteran Smith to Manage N.Y. Operation
Oct 18 2011 // R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, appointed industry veteran Mark Smith as president and managing director for the firm’s New York operation. Smith is a well-known industry...
Vitale Appointed as New York-based Co-CEO of Aspen Insurance
Oct 17 2011 // Aspen Insurance Holdings appointed Mario Vitale as co-CEO of Aspen Insurance, effective Jan. 1, 2012. He replaces John Cavoores who will be leaving that post at the end of the year. He will work jointly with Rupert...
New York’s Suffolk County Had Biggest Insured Property Loss From Irene
Oct 17 2011 // New York State’s Suffolk County suffered the highest insured property loss among the 191 counties affected by Hurricane Irene, according to the latest estimate. New Jersey, New York and North Carolina were the top...
FEMA Warns N.Y. Residents to Avoid Scams in Wake of Tropical Storm Lee
Oct 17 2011 // New York residents are urged to be alert for potential fraud during recovery and rebuilding efforts following Tropical Storm Lee, officials with the New York State Office of Emergency Management (NYSEMO) and the Federal...
Inconsistency Is the Norm in Construction Liability Coverage
Oct 17 2011 // In construction liability insurance, there is a great deal of inconsistency in determining whether faulty workmanship is an occurrence. The answer is all over the map, according to Finley Harckham, a veteran insurance...
People
Oct 17 2011 // Wells Publishing Inc. has named Young Ha as its new East editor for its flagship Insurance Journal online and print property/casualty insurance publications. Ha, based in New York, will cover the Northeast and Mid-Atlantic...
Two Plead Guilty in Houston in New York Tour Boat Insurance Case
Oct 17 2011 // Two men have entered guilty pleas in a case involving the sale of bogus insurance to a New York tour operator whose boat capsized in 2005 killing 20 elderly tourists. Edmund Hugh Benton, 63, of Scottsdale, Ariz., pleaded...
Volunteerism Feeds Employees’ Need to Serve
Oct 17 2011 // “It was like I gave her a million dollars.” That’s how Sean Ramalho of Travelers described the reaction from a woman to whom he gave a blanket on a bitterly cold winter day while he was volunteering at...
People
Oct 17 2011 // USG Insurance Services Inc. has added Drake Burger and Steve Page as producers in its Tampa, Florida office. Burger most recently held the position of underwriter with Westrope Insurance Managers of Florida. Burger has...
New York Officially Combines Regulatory Agencies
Oct 17 2011 // New York Department of Financial Services, the new department that combines the state’s insurance and banking regulators, was officially launched on Monday, Oct. 3. Financial Services Superintendent Benjamin Lawsky...
New York Judge: Al-Qaida Owes $9.3 Billion for 9/11 Harm
Oct 16 2011 // A magistrate judge in New York has recommended that al-Qaida be assessed $9.3 billion for the damage done to properties and businesses in the Sept. 11 attacks. Federal Magistrate Judge Frank Maas in a ruling Friday, Oct....
New York-based Navigators Group Names Interim CFO
Oct 12 2011 // Rye Brook, N.Y.-based specialty insurer The Navigators Group said its chief financial officer Francis McDonnell will be retiring at the end of the month. The company said senior vice president of finance Ciro DeFalco will...
XL Group Hires New York-based East Region Executive
Oct 12 2011 // Bermuda-headquartered XL Group said its insurance unit hired Michele Sansone as senior vice president and eastern regional executive, based in New York City. She will be responsible for managing XL’s property...
Swiss Re Opens General Aviation Office in New York
Oct 11 2011 // Swiss Re Corporate Solutions’ aviation unit is expanding its operations in the North American general aviation (GA) market. It launched a New York-based underwriting team dedicated to developing its GA portfolio...
New York-based Utica National Appoints Cox as Chief Financial Officer
Oct 11 2011 // Utica National Insurance Group in New Hartford, New York, has appointed industry veteran Raymond Cox as senior vice president, chief financial officer and treasurer. Cox comes to Utica National Insurance from Munich...
2nd Man Pleads Guilty in Houston in New York Tour Boat Insurance Case
Oct 11 2011 // A second man has pleaded guilty in Houston in a case involving the sale of insurance to a New York tour operator whose boat capsized in 2005 killing 20 elderly tourists, federal officials reported. Edmund Hugh Benton, 63,...
Federal Disaster Assistance Extended to Additional New York Counties
Oct 7 2011 // New York Governor Andrew Cuomo announced this week that federal disaster assistance is now available for homeowners, renters, small businesses, and municipalities in additional counties as a result of damages incurred by...
Texas Insurer in New York Boat Accident Pleads Guilty to Fraud
Oct 7 2011 // A Houston man has pleaded guilty to a charge related to selling fraudulent insurance policies, including one to a company that owned a tour boat which capsized in a New York lake in 2005, killing 20 tourists. Federal...
N.Y.-based U.S. RE Hires Reinsurance Veteran Polkinghorne
Oct 5 2011 // Global reinsurance broker U.S. RE Corp. has appointed reinsurance veteran Scott Polkinghorne as senior vice president. He will be based at the company’s headquarters in Pearl River, N.Y. Polkinghorne is a reinsurance...
Towers Watson Acquires N.Y. Investment Advisory Firm
Oct 5 2011 // Global professional services company Towers Watson has purchased WellsCanning, a Valhalla, N.Y.-based investment advisory firm specializing in the insurance industry. WellsCanning principals and consulting staff have...
