Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York City Hospital Wins Kidney Transplant-Cancer Lawsuit
Jun 1 2010 // A prominent organ-transplant hospital in New York wasn’t to blame for the death of a Singapore-born man who became riddled with cancer after getting a kidney from a donor who unknowingly had uterine cancer, jurors...
Ohio Revokes Licenses of Oklahoma, New York Domiciled Insurers
May 28 2010 // The Ohio Department of Insurance has revoked the licenses of two troubled insurance companies: Imperial Casualty and Indemnity Co. of Oklahoma City, Okla., and Atlantic Mutual Insurance Co. (AMIC) of New York, N.Y. In...
New York Man’s Kidney Transplant Gave Him Woman’s Cancer
May 28 2010 // Vincent Liew waited five years for the kidney that was supposed to change his life. Instead, the organ ended it. The kidney came from a woman who had uterine cancer, but she and doctors didn’t know it. Once her...
AIG on ‘Clear Path to Repaying Taxpayers,’ Says CEO Benmosche
May 27 2010 // The head of bailed-out insurance giant American International Group on Wednesday said the company was on its way to repaying the government, but a U.S. Treasury official said taxpayers could still face losses. AIG is...
Road Hazard: 20% of U.S. Drivers Would Flunk If Given Driving Test
May 27 2010 // The nation’s most knowledgeable drivers are in Idaho, Wisconsin, Montana and Kansas, while the least knowledgeable are in New York, New Jersey, Hawaii and California. That’s according to results from the 2009...
Trade Groups Sue New York over Pay Rules
May 26 2010 // Two trade groups for New York insurance agents are suing the state’s insurance regulator over new rules that will force them to reveal to clients how much they are paid for a particular transaction. The Independent...
Ratings: United Educators, North Country, Stonebridge, Farmers Union, Park, So. United Fire
May 26 2010 // A.M. Best Co. has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating of ‘A’ (Excellent) of United Educators Insurance, a Vermont-based...
Treasury: AIG Risk Reduced But Full Recovery for Taxpayers Uncertain
May 26 2010 // Bailed-out insurance giant American International Group has slashed its exposure to credit derivatives by nearly two-thirds under government ownership, but a full recovery for taxpayers remains uncertain, a senior U.S....
New York Insurance Regulator Hands Out Large Fines
May 25 2010 // New York insurance regulators have handed out some sizable fines in the last several months, including one for $360,000 to a large national insurer that mischarged auto insurance customers. Clarendon National Insurance...
CNA Select Risk Extends Reach with New York, Los Angeles Offices
May 25 2010 // CNA Select Risk – which includes Excess & Surplus (E&S) business, as well as Wholesale Property accounts – announces new growth in its Casualty unit with the opening of new locations in New York City...
Crane Company Admits Bribing New York City Inspector
May 21 2010 // A construction-crane company admitted Tuesday that it paid off a top city inspector to shortcut safety inspections and licensing exams in a case that helped heighten scrutiny of the towering machines that help build a city...
Ohio Regulators Revoke License of New York’s Centennial Insurance
May 19 2010 // Ohio Department of Insurance Director Mary Jo Hudson announced that the department has revoked the license of Centennial Insurance Company of New York, N.Y., for alleged violations of Ohio insurance law. Centennial...
Temp-Worker Exec Charged with Insurance Fraud in New York
May 19 2010 // A temporary-worker magnate has been charged with scamming the New York State Insurance Fund out of $25 million in payments he owed for workers’ compensation insurance. Eric Goldstein pleaded not guilty Monday to...
New York Regulator Recovered $32M for Consumers in 2009
May 18 2010 // Last year, insurers in New York paid consumers $32 million and offered to reinstate 116,000 policies that had been improperly cancelled or non-renewed, according to the New York State Insurance Department’s new...
Hahn to Head Crump’s New York Offices
May 18 2010 // Wholesaler Crump Insurance has promoted Kevin Hahn to executive vice president. In his new role as head of New York brokerage operations, Hahn will oversee Crump’s offices in Long Island and New York, as well as its...
People
May 17 2010 // New York-based insurance brokerage and risk management firm Integro has hired Robert H. Easton as deputy general counsel and chief compliance officer. Easton most recently served as deputy superintendent and general...
Florida, New York Tops in Insurance Claims from Staged Accidents
May 17 2010 // Suspicious insurance claims from staged accidents are on the rise – and nowhere more than in New York and Florida, two states with no-fault statutes. Overall, the number of questionable claims from staged accidents...
People
May 17 2010 // Martha A. Lees has been named deputy superintendent and general counsel for the New York State Insurance Department. She advises the superintendent on legal matters and oversees the preparation of legal opinions, the...
Florida #1 in Staged Accident Claims
May 17 2010 // Suspicious insurance claims from staged accidents are on the rise- and nowhere more than in New York and Florida, two states with no-fault statutes. Georgia and North Carolina are also among the top states. Overall, the...
Gelia to Chair New York Agents’ Group
May 11 2010 // Insurance agent David M. Gelia has been elected chairman of the Independent Insurance Agents and Brokers of New York (IIABNY). Gelia, executive vice-president of United Insurance Agency in Amherst, has served as...
