Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Federal Reserve Discloses Toxic Assets It Bought to Rescue Banks, AIG
Apr 2 2010 // After two years of secrecy, the Federal Reserve Bank of New York is disclosing key details about billions of dollars of risky investments it bought while rescuing insurance giant American International Group Inc. and...
Lawsuit Alleging AIG Executives Ignored ‘Red Flags’ Dismissed
Mar 31 2010 // A Manhattan federal judge dismissed a shareholder lawsuit accusing current and former American International Group Inc. executives and directors of ignoring “red flags,” leading to the insurer’s near...
New York Police Arrest Man in Phantom Insurance Claim Scheme
Mar 30 2010 // Authorities in Upstate New York have arrested a man they say used a phony bank account to buy insurance on a home he didn’t own so he could cash in on property losses that didn’t occur. Buffalo police arrested...
Should Florida Follow New York and Revive Its Surplus Lines Exchange?
Mar 30 2010 // New York regulators are pursuing a reincarnation of the New York Insurance Exchange, a Lloyd’s of London-style insurance market that lasted for several years the last time it was tried. New York Insurance...
New York City Suspends Operator’s License After Crane Strike
Mar 30 2010 // The operator of a crane that tilted and hit a 25-story building near Wall Street, sending debris plummeting to the ground and causing several evacuations, had his license suspended Sunday because he didn’t secure the...
No Injuries as Crane Strikes 25-Story New York City Building
Mar 29 2010 // A listing crane struck the side of a 25-story building near Wall Street on Saturday, sending debris cascading to the ground, disrupting traffic and leading to evacuations at five buildings. There were no injuries reported...
Ex-New York City Crane Inspector Admits Taking Bribes
Mar 26 2010 // The city’s former chief crane inspector admitted taking more than $10,000 in payoffs to fake inspection and crane operator licensing exam results, selling out a 26-year career bit by bit over nearly a decade. James...
New York Agents’ Group Declines To Join Lawsuit Against State
Mar 25 2010 // A schism is emerging between New York’s two main trade groups for insurance agents over how best to challenge rules requiring agents to reveal their pay. The Professional Insurance Agents of New York (PIANY) says it...
C.V. Starr & Co. (California) Appoints Robinson as Chief Underwriting Officer
Mar 25 2010 // C.V Starr & Company (California), a subsidiary of New York-based C.V. Starr & Co. Inc., has appointed Andrew (Andy) Robinson chief underwriting officer. Robinson has nearly 30 years industry experience and spent 13...
Marsh Joins Aon, Willis in Rejecting Contingent Commission Income
Mar 25 2010 // Giant insurance broker Marsh says its main brokerage unit will not accept contingent commissions on business for U.S. or Canadian clients but its Marsh & McLennan Agency and its affinity and personal lines business...
New York Police Agree Driver Error Caused Toyota Crash
Mar 24 2010 // A New York housekeeper who reported that her boss’ Toyota Prius accelerated on its own and wouldn’t brake as she hurtled toward a stone wall apparently had her foot on the gas pedal the entire time, according...
Insurer Refunds Nearly $1M to New York Policyholders
Mar 24 2010 // Auto insurer Clarendon National Insurance Co. has refunded $992,000 to 1,227 automobile insurance policyholders the company overcharged when it improperly imposed a 30 percent rate hike, the New York State Insurance...
Hiscox Appoints Bach as Branch Manager in New York
Mar 23 2010 // Specialty insurer Hiscox has appointed Carl Bach as branch manager of the firm’s New York insurance operation. Bach, executive vice president, will oversee the development and management of broker relationships and...
Insurance Frauds Spike in New York
Mar 23 2010 // What do a pizza maker, insurance underwriter and a podiatrist have in common? In New York, at least, they were among the 499 people convicted of insurance fraud last year, according to the state’s insurance...
People
Mar 22 2010 // Iroquois of California based in Sacramento, Calif., added a former insurance consultant, marketing manager and agency owner to its staff. Mike Mullens will serve as regional manager in Northern California, bringing more...
Driver Error Possible in New York Prius Crash, Says Safety Agency
Mar 19 2010 // U.S. safety officials believe driver error may be behind the crash in New York of a Toyota Motor Corp. Prius that has been investigated as a possible case of unintended acceleration, federal investigators said...
Partying Teens Cause $200K Damage to New York House
Mar 19 2010 // New York police say dozens of partying teenagers caused more than $200,000 in damage at an unoccupied house in suburban Albany. Police in North Greenbush say the damage was done during a party on the night of Feb. 17, when...
New York’s Bryan Insurance Gets Personal With Social Media
Mar 18 2010 // There’s no better time for insurance agents and brokers to delve into social networking technologies than now, according to those who study marketing and technology trends. More than four in five U.S. online adults...
New York Man Charged with Insurance Fraud for Mobile Home Fire
Mar 16 2010 // An upstate New York man who claimed he was thrown 35 feet out of his mobile home by the force of a propane explosion has been charged with insurance fraud, New York insurance officials said. State police arrested James E....
Arkansas Suspends License of 2 New York-based Insurers
Mar 12 2010 // Arkansas Insurance Commissioner Jay Bradford on March 11 suspended the certificates of authority to conduct insurance business of two New York domiciled property and casualty insurance companies: Centennial Insurance...
