Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Deal Settles Most Lawsuits over WTC Toxic Dust
Nov 22 2010 // A deal reached by New York City and workers exposed to toxic dust that blanketed ground zero after the Sept. 11 terrorist attacks will resolve an overwhelming majority of the lawsuits over the city’s failure to...
New York Court Validates Resale of Life Insurance Policies
Nov 18 2010 // New York’s highest court Wednesday said it was legal for residents of the state to take out life insurance on themselves and immediately sell the policy, a ruling seen as having substantial implications in the...
New York Insurance Association Elects New Leadership
Nov 18 2010 // The New York Insurance Association elected new officers and directors at its annual meeting last week. Richard Zick, president and CEO of Utica First Insurance Co., will serve as chairman. Other officers will be First Vice...
ACE USA Restructures Retail Operations with Kinsella, Church, Stoer
Nov 16 2010 // Ace USA, the U.S.-based retail operating division of the ACE Group, announced a new structure and senior leadership appointments. The structure consists of two zonal operations and a centralized complex risk unit for...
General Star Expands Admitted Architects, Engineers Product to NY, NJ
Nov 16 2010 // General Star has expanded its architects and engineers professional liability program on an admitted basis to New York and New Jersey. This new feature is part of General Star’s nationwide A & E program, launched...
Insurance Mergers Complicated by Economy, Low Valuations, Hidden Risks
Nov 15 2010 // With organic growth difficult in the current economy and soft market, there could be an increase in insurance industry merger and acquisition activity over the next 12 to 18 months, according to mergers and acquisitions...
New York Man’s Faked Store Fall Caught on Tape
Nov 14 2010 // Authorities say a central New York convenience store’s surveillance cameras caught a man purposely pouring soda on the floor and then faking a fall so he could file an insurance claim against the business. State...
Starbucks Defeats New York Woman’s Tea Burn Lawsuit
Nov 14 2010 // A Manhattan woman has failed to persuade a U.S. appeals court that Starbucks Corp. should be held liable for severe burns she suffered after spilling tea served in a double cup. The 2nd U.S. Circuit Court of Appeals has...
Regulators Tell New York Agents How to Reveal Their Commissions
Nov 14 2010 // New York regulators have finalized guidelines for how agents and brokers are to reveal to clients their commissions, but at least one trade group says any changes to the rules thus far have been...
Feds Rap 2 Firms for Scaffold Collapse at New York College
Nov 14 2010 // Federal workplace safety officials say they’ve cited two contractors for the scaffolding collapse that injured six workers at a construction site last June at Binghamton University in New York. The Occupational...
Group: New York City Building Industry Still Slowing
Nov 14 2010 // A business group says the economic downturn is still having an effect on New York City’s construction industry – a key driver for commercial insurance spending in the region. The New York Building Congress says...
Bond Insurer Ambac Files for Bankruptcy
Nov 14 2010 // Ambac Financial Group Inc., which was the second-largest U.S. bond insurer before suffering huge losses on risky mortgages, filed for Chapter 11 bankruptcy on Nov. 8. The filing cements Ambac’s decline from a company...
Workers’ Compensation Fees Would Cost New York Drivers, Insurers Warn
Nov 10 2010 // Proposed 30 percent increases in what medical providers in New York are paid for treating workers’ compensation injuries could have unintended consequences for the state’s motorists, an industry group has...
Bond Insurer Ambac Files for Bankruptcy
Nov 9 2010 // Ambac Financial Group Inc., which was the second-largest U.S. bond insurer before suffering huge losses on risky mortgages, filed for Chapter 11 bankruptcy Monday. The filing cements Ambac’s decline from a company...
Regulators Tell New York Agents How to Reveal Their Commissions
Nov 9 2010 // New York regulators have finalized guidelines for how agents and brokers are to reveal to clients their commissions, but at least one trade group says any changes to the rules thus far have been...
Ratings Roundup: Erie Group, Waco Fire & Casualty, Maya Assurance
Nov 9 2010 // A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Erie Insurance Group and its members are unchanged following the...
Lawsuit Charges Room at New York’s Waldorf had Bedbugs
Nov 8 2010 // A Michigan couple has filed a lawsuit claiming their room at New York’s Waldorf-Astoria hotel was infested with bedbugs. Christine and David Drabicki charged in the lawsuit filed Thursday that they unwittingly...
Republicans Gain Control in State Houses
Nov 4 2010 // Republicans were not only victorious in the U.S. House but also in state houses across the country. Tuesday night’s GOP power will give the party its largest number of seats in state legislatures since the Great...
Starbucks Defeats New York Woman’s Tea Burn Lawsuit
Nov 3 2010 // A Manhattan woman has failed to persuade a U.S. appeals court that Starbucks Corp should be held liable for severe burns she suffered after spilling tea served in a double cup. The 2nd U.S. Circuit Court of Appeals upheld...
New York Woman Sues Waldorf Astoria over Bedbugs
Nov 1 2010 // A Long Island woman claims her one night at the Waldorf Astoria hotel has cost her $13,000 because her room was infested with bedbugs that came home with her. Susanne Igneri filed a lawsuit against the upscale Manhattan...
