Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
AIG to Get $231 Million If Sale of Asian Unit to Pru Fails
Mar 8 2010 // American International Group Inc. will receive a termination fee of $230.6 million if the sale of its Asian life insurance business to Britain’s Prudential PLC falls through. In a filing with the Securities and...
Trusted Choice
Mar 7 2010 // Just when producers thought it was safe, mandatory compensation disclosure has reared its ugly head again. In a move that has its origins in the Spitzer days, New York regulators are mandating that insurance agents and...
People
Mar 7 2010 // Thomas J. Schaffler has been named president of Lockton Cos. employee benefits practice in Chicago. He joined Lockton more than 10 years ago as executive vice president and producer and serves on the Chicago executive...
Bring Back the New York … or Florida … Insurance Exchange?
Mar 7 2010 // New York regulators are pursuing a reincarnation of the New York Insurance Exchange, a Lloyd’s of London-style insurance market, which lasted for several years the last time it was tried. Insurance Superintendent...
People
Mar 7 2010 // Lockton Dunning Benefits appointed Sheri Pixley to the newly created position of executive vice president and practice leader of the Dallas-based health and welfare practice. Pixley has been involved in consulting with...
Large Brokers Freed to Go After Contingent Commissions But Will They?
Mar 7 2010 // The nation’s largest insurance brokers have received the go-ahead to begin accepting contingent commissions again – but two of them say they won’t do it. Officials in New York, Illinois and Connecticut...
New York Agent Charged with Stealing Premiums
Mar 5 2010 // A New York state insurance agent has been charged for allegedly stealing $15,400 in premiums. State police arrested Emil Feduniec, of Tuckahoe, after an investigation by the New York State Insurance Department’s...
AIG Still Working Out $15 Billion Sale of Alico to MetLife
Mar 5 2010 // A tax question holding up American International Group Inc.’s sale of its foreign life insurance unit to MetLife Inc. is expected to be resolved favorably, clearing the way for a roughly $15 billion deal, sources...
New York Teen Dumping Garbage Falls in Sewage Pit, Dies
Mar 4 2010 // A snow plow might have jarred loose the cover of a sewage pit where a teenager doughnut shop worker fell and died while taking out the trash, investigators said Monday. Amiri Zeqiri, 17, slipped into an open cesspool...
Schwartzman Named Deputy Superintendent in New York
Feb 24 2010 // Martin A. Schwartzman has been named deputy superintendent for Strategic Planning and Market Initiatives at the New York State Insurance Department. The new post designed to ensure that the Insurance Department is...
New York Recovered $32.2M for Policyholders Last Year
Feb 24 2010 // New York insurance regulators recovered $32.3 million last year for consumers who complained about insurers’ business practices and claims handling. The Insurance Department investigates approximately 60,000...
New York Agency Releases Upscale Restaurant Coverage
Feb 23 2010 // The City and Suburban Lifestyles Restaurant Insurance Market unveiled a new policy in New York that will target fine dining establishments, commonly referred to as “white tablecloth” restaurants, upscale...
New York State Insurance Fund Anti-Fraud Program Netted 154 Arrests
Feb 23 2010 // The New York State Insurance Fund (NYSIF) says its program targeting workers’ compensation insurance fraud resulted in 154 arrests and $16.6 million in recoveries and estimated savings last year. NYSIF is the Empire...
ACE Makes Appointments to New Global Client Executive Practice
Feb 22 2010 // The ACE Group has announced its initial executive appointments to its newly-created Global Client Executive team. Those assigned to the team will “work collaboratively with clients and distribution partners in major...
Business Moves
Feb 21 2010 // OneBeacon, Tower Group Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges...
Trusted Choice
Feb 21 2010 // Just when producers thought it was safe, mandatory compensation disclosure has reared its ugly head again. In a move that has its origins in the Spitzer days, New York regulators are mandating that insurance agents and...
New York City Blaze Declared Accidental
Feb 18 2010 // Fire marshals say a malfunctioning boiler caused a weekend fire that ravaged a row of businesses in Queens. The Fire Department said that the weekend blaze, which started in a furniture store, has been declared...
Woman Sues CNN’s Cooper after Fall at New York City Home
Feb 17 2010 // An interior designer is suing CNN anchor Anderson Cooper after she took an unusual fall while working at an old New York City firehouse that he is converting into a new home. Killian O’Brien, of Brooklyn, says in her...
Hawaii Approves Lincoln Financial Group as Temporary Disability Insurer
Feb 17 2010 // The Group Protection segment of Lincoln National Corp. announced its expansion of state-mandated disability insurance into Hawaii (called temporary disability insurance or TDI in Hawaii). The state of Hawaii requires...
Large Brokers Freed to Go After Contingent Commissions But Will They?
Feb 17 2010 // The nation’s largest insurance brokers have received the go-ahead to begin accepting contingent commissions again — but two of them say they won’t do it. Officials in New York, Illinois and Connecticut...
