Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Courts Allowing Private Facebook Posts As Evidence in Lawsuits
Jan 27 2011 // It’s the latest litigation tactic in the online age: U.S. lawyers are trying to mine the private zones of Facebook and other social-media sites for photos, comments, status updates and other tidbits that might...
Hiscox USA Expands Direct, Online Coverage for Small Businesses to NY, Fla.
Jan 26 2011 // Hiscox USA has expanded its small business insurance offering direct and online to professional services businesses with 10 employees or less in New York and Florida. The metro areas in southern New York and southern...
Investors Accuse Bank of America’s Countrywide of Massive Fraud
Jan 25 2011 // Bank of America Corp.’s Countrywide mortgage unit has been sued by investors claiming they were victimized in a ‘massive fraud” when they bought mortgage-backed securities. The lawsuit was filed on Monday...
Business Moves
Jan 24 2011 // Encharter Massachusetts-based Encharter Insurance agency will open a fifth branch office, the latest in Simsbury, Connecticut. Encharter will sell personal lines coverage throughout the Farmington Valley, the agency said....
New York Insurers Applaud Plan to Merge State’s Regulatory Arms
Jan 24 2011 // A key trade group for insurers in New York State applauded a proposal by Gov. Andrew Cuomo to merge the state’s insurance regulatory arm into a single agency overseeing insurance, banking and consumer protection. The...
New York ‘Crash Tax’ Roils Insurance Industry
Jan 24 2011 // Trade Groups Lash Out at Proposed FDNY Charges for Accident Response The insurance industry spoke out against what it is calling a hidden “crash tax” during a public hearing in New York City earlier this...
New York Drops Last Marsh Bid-Rigging Criminal Cases
Jan 24 2011 // New York dropped the last two criminal cases tied to a 2004 bid-rigging scandal involving Marsh & McLennan Cos. after failing to win convictions of any of the eight insurance executives indicted. The state attorney...
People
Jan 24 2011 // Washington D.C.-based broker Ames & Gough has named Christine Payne as senior account manager. Payne, who has more than 25 years of insurance industry experience, will oversee service and insurance placements for a...
Sex, Age Discrimination Suit Filed Against Bank of New York Mellon
Jan 24 2011 // A veteran portfolio officer at Bank of New York Mellon Corp accused the company of sex and age discrimination Friday, charging she was paid less than younger, male employees. Rochelle Cohen’s suit, filed in federal...
Florida Competitive in Workers’ Compensation Market Arena
Jan 24 2011 // Florida’s workers’ compensation market remains competitive with more than 250 private insurers writing coverage and only a fraction of business being funneled to the residual market. Also, availability does not...
People
Jan 24 2011 // National wholesale broker USG Insurance Services, Inc. has added Jason Holloman as a property broker specializing in large commercial and catastrophe-exposed risks. He will be based in USG’s office outside...
Auditors Successful in Defending Against Investor Lawsuits
Jan 24 2011 // Investors looking to pin blame on auditors for failing to flag risks ahead of the credit crisis are having a hard time getting their cases to stick. All of the “Big Four” auditors have been sued by investors...
Dead Woman’s Kin to Sue New York City over Blizzard Response
Jan 21 2011 // A woman who says her mother could still be alive if it weren’t for New York’s poor response to a Christmas weekend blizzard plans to sue the city. A lawyer for Laura Freeman filed a notice of claim against the...
New York Drops Last Marsh Bid-Rigging Criminal Cases
Jan 18 2011 // New York dropped the last two criminal cases tied to a 2004 bid-rigging scandal involving Marsh & McLennan Cos after failing to win convictions of any of the eight insurance executives indicted. The state attorney...
Insurers Lash Out at New York ‘Crash Tax’
Jan 14 2011 // The insurance industry will speak out against what it is calling a hidden “crash tax” in New York City during a hearing this morning with fire department officials. The proposal would allow the city to charge...
JLT Expands New York Lawyers PL Policy to Additional States
Jan 13 2011 // JLT Facilities, Inc., part of the Jardine Lloyd Thompson (JLT) Group, has expanded its New York lawyers professional liability coverage form for 1 to 25 attorneys into the following states: Ariz., Calif., Colo., Conn.,...
People
Jan 10 2011 // Pennsylvania-based wholesaler USG Insurance Services has named Jason Holloman as property broker specializing in large commercial and CAT-exposed risks. Holloman most recently served as a wholesale property broker with...
New York Agents Plan Court Appeal over Pay-Disclosure Rules
Jan 10 2011 // Two New York agents’ groups said they have taken the first steps to appeal a decision by a state court judge allowing state insurance regulators to force brokers to reveal their commissions. The Independent Insurance...
Liberty Mutual Paying $7.5M To Settle Bid-Rigging Charges
Jan 10 2011 // Boston-based insurer Liberty Mutual will pay a combined $7.5 million to New York and Connecticut to settle allegations that it steered insurance contracts by paying kickbacks large insurance brokers. In settling the suits,...
Business Moves
Jan 10 2011 // Marsh & McLennan Agency, Trion Marsh’s retail agency business has acquired Trion Group Inc., the largest privately held employee benefits specialist in the United States with $74 million in annual revenue. Terms...
