Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Fenster Named Director of New York Workers’ Comp Board
Jan 11 2010 // Jeffrey R. Fenster has been appointed executive director of the New York Workers’ Compensation Board. Prior to joining the board, Fenster served as a litigation associate with the New York law firm of Stroock &...
People
Jan 10 2010 // New York-based insurance wholesaler Russell Bond & Co. has promoted Margaret J. Arnold to assistant vice president-controller. She is a 20-year veteran of the firm. In addition, the company has also promoted Derek...
New York Plans First Steps to Creating Lloyd’s Competitor
Jan 10 2010 // New York regulators are aggressively pursuing plans for a reincarnation of the New York Insurance Exchange and expect to finish assembling a “working group” of industry insiders within the next two months who...
New York Orders Two Insurers to Reinstate 260 Policies
Jan 10 2010 // The New York State Insurance Department has ordered insurers Homesite Insurance Co. and Security Mutual Insurance Co. to reinstate 260 homeowners’ policies across the state. Regulators say the insurers improperly...
Pennsylvania Sting Nets 24 Arrests for Auto Insurance Fraud
Jan 10 2010 // Twenty-four people, including 17 New York residents, six from New Jersey and one Pennsylvania resident, have been charged with insurance fraud and other related offenses after falsely claiming to be Pennsylvania residents...
Business Moves
Jan 10 2010 // Aon Risk, Allied North America Aon Risk Services, the risk management and insurance brokerage business of Aon Corp., said it has agreed to acquire Allied North America, one of the largest independent surety and...
N.Y. Fed Sought to Limit AIG Disclosures of Bank Payments
Jan 8 2010 // The New York Federal Reserve Bank under Timothy Geithner urged insurer AIG in late 2008 to limit disclosures about its payments to banks after getting a $180 billion government bailout, emails released Thursday showed. The...
Woman Sues New York City Gym over Pole-Dancing Class Injury
Jan 8 2010 // A woman says a Manhattan gym left her hanging when she tried a new workout: pole-dancing. Sue Ann Wee filed a lawsuit last week against the companies that run the Crunch fitness center chain. Lawyer Nicholas Warywoda says...
Lockton Re Adds Executives in Kansas City and New York
Jan 8 2010 // Privately owned, independent reinsurance brokerage Lockton Re has expanded its presence in the United States with the appointments of three new executives – Larry Hunter-Blank, Joe Zuk and Scott D. Polkinghorne at...
Lawmakers Press Treasury Secretary Geithner for AIG Testimony
Jan 8 2010 // Two prominent U.S. lawmakers Friday called for U.S. Treasury Secretary Timothy Geithner to testify to help determine if the New York Federal Reserve Bank improperly influenced insurer AIG to withhold information on its...
Los Angeles Workers Face More Wage, Labor Violations Than N.Y., Chicago
Jan 8 2010 // Low-wage workers in Los Angeles experience more wage and labor violations than low-wage workers in Chicago and New York, a new study by the UCLA’s Institute for Research on Labor and Employment has found. The survey...
Chartis Claims Pays $495K Fine in New York
Jan 6 2010 // A P/C claims unit of the insurer formerly known as AIG has paid a $495,000 fine to regulators in New York for improper licensing of the business and its employees, according to the latest disciplinary report from the New...
New York Plans First Steps to Creating Lloyd’s Competitor
Jan 6 2010 // New York regulators are aggressively pursuing plans for a reincarnation of the New York Insurance Exchange and expect to assemble a “working group” of industry insiders within the next two weeks who will guide...
Suit: New York City Eatery Patron Hurt by Falling Moose Head
Jan 4 2010 // A Web designer says she was struck by the decor at a New York City restaurant — when it fell on her head. Raina Kumra says in a negligence lawsuit filed last week that a 150-pound stuffed moose head with 3-foot-wide...
Pennsylvania Sting Nets 24 Arrests for Auto Insurance Fraud
Dec 30 2009 // Twenty-four people, including 17 New York residents, six from New Jersey and one Pennsylvania resident, have been charged with insurance fraud and other related offenses after falsely claiming to be Pennsylvania residents...
New York Orders Two Insurers to Reinstate 260 Policies
Dec 28 2009 // The New York State Insurance Department has ordered insurers Homesite Insurance Co. and Security Mutual Insurance Co. to offer to reinstate at total of 260 homeowners’ policies across the state. Regulators say the...
Marsh & McLennan Agency Buys New Jersey’s NIA Group
Dec 22 2009 // Marsh & McLennan Agency has acquired The NIA Group, one of the largest independent insurance agencies in the Northeast. Terms of the deal were not released. Paramus, New Jersey-based NIA, founded in 1926, has annual...
NYSIF’s Gleason Honored by New York Claim Association
Dec 21 2009 // New York State Insurance Fund Deputy Executive Director Thomas Gleason has been honored with an award for excellence from the New York Claim Association (NYCA). The award, which was presented during a dinner earlier this...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Congress Weighs Restoring Wall Between Banking, Insurance
Dec 17 2009 // Financial giants such as Goldman Sachs Group could be broken up under two bills introduced in the U.S. Congress Wednesday, one with the backing of former Republican presidential nominee John McCain. Both would reinstate...
