Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Iordanou Named New York Regional Branch Manager for Allied World
Feb 3 2010 // Allied World Assurance Co. has named Theana Iordanou as vice president and New York regional branch manager. Iordanou will be responsible for managing profit and loss for the New York region and will work with the business...
More Upstate New York Properties at Risk in Floods
Feb 1 2010 // Federal officials say that about 6,500 more properties in Broome Count, New York than originally believed are vulnerable to floods like one that devastated parts of the region in 2006. Updated flood maps released Thursday...
AIG Filing Casts Doubt on ‘Limited Exposure’ Claim
Feb 1 2010 // A controversial regulatory filing detailing the federal bailout of American International Group Inc. could put the spotlight back on the former executive who headed the division most responsible for the insurer’s...
New York-based Equity Firm Invests $20M in Michigan Brokerage
Jan 29 2010 // Greenhill Capital Partners LLC announced it has invested $20 million in Acrisure LLC, a Midwest insurance brokerage company headquartered in Grand Rapids, Mich. Formed in 2005, Acrisure has acquired 17 insurance agencies...
New York City Traffic Fatalities at Lowest Level Since 1910
Jan 28 2010 // Traffic fatalities in New York City fell to the lowest level last year in nearly a century. Mayor Michael Bloomberg said Wednesday there were 256 traffic deaths in 2009, the fewest since records started being kept in...
Lorin Joins Drinker Biddle & Reath in New York
Jan 28 2010 // Andrew J. Lorin has joined the law firm Drinker Biddle & Reath as a partner in its insurance practice. Lorin, who will be based in the firm’s downtown New York office, most recently served as general counsel of...
Lawmakers Turn Up Heat on Treasury Chief Geithner Over AIG
Jan 28 2010 // U.S. lawmakers challenged Treasury Secretary Timothy Geithner’s credibility on Wednesday after he said he was not involved in a decision by bailed-out insurer AIG to withhold details about $62 billion paid to...
U.S. Treasury Investigator Says French Regulator Was Open to AIG Talks
Jan 27 2010 // An overseer for the U.S. bailout program said Tuesday that France’s banking regulator was open to further negotiations over possible concessions on payments from bailed out insurer AIG, according to prepared...
Treasury Secretary Geithner Denies Role in AIG Disclosure
Jan 27 2010 // U.S. Treasury Secretary Timothy Geithner flatly denied any role in counseling American International Group Inc. to keep quiet about payments it made to leading banks during a 2008 rescue of the stricken insurer. Geithner...
Bailout Watchdog Launches Probes of N.Y. Fed’s Disclosure on AIG
Jan 26 2010 // A U.S. bailout watchdog has launched two new investigations into the New York Federal Reserve Bank’s actions on insurer AIG’s disclosure of payments to banks after its 2008 rescue, excerpts of prepared...
SEC Considered National Security Status for AIG Bailout Details
Jan 25 2010 // U.S. securities regulators originally treated the New York Federal Reserve’s bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security,...
Drinker Biddle Adds Noted New York Insurance Litigator Andrew J. Lorin
Jan 25 2010 // NEW YORK – Andrew J. Lorin, a noted figure in regulating and investigating New York’s insurance industry since 2004, is joining Drinker Biddle & Reath LLP as a partner in the firm’s insurance...
Remedies Ordered in New York City Black Firefighter Case
Jan 25 2010 // New York City must revamp fire department hiring practices that discriminated against black applicants and possibly pay damages to thousands of victims, a judge ruled Thursday. In a written decision in federal court in...
It Figures
Jan 24 2010 // $1 Million Amount raised last year by InsurPac, the political action committee of The Independent Insurance Agents & Brokers of America (the Big “I”). It’s the first time the fund – which pays...
People
Jan 24 2010 // Colemont Insurance Brokers has promoted Tara Plourde to broker in the company’s Hartford, Connecticut office. She joined Colemont in 2008. Prior to Colemont, she was a commercial lines underwriter at a standard lines...
Insurers Group Sues State of New York
Jan 24 2010 // A trade group for insurers in New York is suing the state, claiming lawmakers are illegally using assessments paid by insurers to fund unrelated state activities. At issue is the state’s use of the so-called...
Business Moves
Jan 24 2010 // Towers Perrin, Watson Wyatt Towers Watson & Co. has completed the merger of Towers Perrin and Watson Wyatt. The transaction to form Towers Watson, a global professional services company, was announced on June 28,...
Declarations
Jan 24 2010 // Little Property Coverage “Haiti is the poorest country in the Western Hemisphere and poor countries tend to purchase very little property insurance coverage. The fact that there is very little information about...
New York Sees Promise in Own London-Like Market
Jan 24 2010 // But Skeptics Question Timing for Revival of U.S. Insurance Exchange A recently announced plan by New York’s governor to boost his state’s financial services industry by recreating the New York Insurance...
5 Issues Agents Should Watch in 2010
Jan 24 2010 // With insurance agents across the nation breathing a sigh of relief that 2009 is behind them, their focus has turned to the future: What will 2010 bring for the industry? These emergent issues are important not only for...
