Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
New York Insurance Department Names Fritsch Deputy
Dec 17 2009 // New York State Insurance Superintendent James J. Wrynn announced that Joseph Fritsch has been named deputy superintendent for Accounting and International Affairs. Fritsch was most recently the director of Insurance...
Delaware Sub Shop Owner Faces Fraud Charges in New York
Dec 17 2009 // A former New York State Corrections officer who reportedly owned two Delaware sandwich shops surrendered to authorities in New York last week to face workers’ compensation fraud charges initiated by the New York...
New York Cancels 113 State Farm Non-Renewals on Long Island
Dec 16 2009 // New York officials recently directed State Farm Insurance Co. to give 113 Long Island property owners the opportunity to renew their homeowners’ policies with the company. The action came as the result of a complaint...
New York Insurance Anti-Fraud Group Honors YouTube Contest Winners
Dec 16 2009 // The New York Alliance Against Insurance Fraud honored its YouTube video contest winners at the its recent annual meeting. A group of SUNY Cortland students took the top honor. John Passmore of Horseheads, N.Y.; Teresa...
Insurance Industry Foundation Grants for 2010 Support Children’s Charities
Dec 15 2009 // The Insurance Industry Charitable Foundation (IICF) announced four new grants at the organization’s annual dinner last week in New York. This year’s grants are primarily directed to children’s charities...
New York Officials Sue Workers’ Compensation Trust Manager CRM
Dec 11 2009 // Insurance administrator CRM Holdings is being sued for $405 million by New York’s workers compensation board and faces a separate $150 million lawsuit by the state attorney general over its alleged fraud in the...
New Year to Bring New Pay Disclosure Rules for New York Producers
Dec 10 2009 // The new year is likely to bring new compensation disclosure rules for New York insurance producers. A pending regulation allows agents and brokers to accept incentive pay from insurers that is tied to volume and...
Ironshore Names Mammolite New York Region Executive
Dec 9 2009 // Commercial property insurer Ironshore Inc. announced that Anthony Mammolite, currently executive vice president of its U.S. Property unit, has been named to the additional post of regional executive for the entire New York...
New York Requires Fingerprints for Some But Not Insurance Agents
Dec 7 2009 // New York State will begin requiring electronic fingerprints of people seeking certain professional insurance licenses– but not agents and brokers. The electronic fingerprinting will be part of background checks...
New York Regulator Proposes Changes to No-Fault Insurance Coverage
Dec 6 2009 // The New York State Insurance Department is proposing new regulations for no-fault auto insurance coverage in the Empire State, in a move aimed at reducing fraud. “We have to be vigilant in protecting the pocketbooks...
People
Dec 6 2009 // Swett & Crawford has hired Carmela Noto as a broker in the insurance wholesaler’s Morristown, New Jersey office. Noto has long-term experience in marketing and managing commercial insurance portfolios and spent...
Top Personal Lines Agencies
Dec 6 2009 // Correction: Top Personal Lies Agencies The Top 2009 Personal Lines Agencies list that was published in the Nov. 16 issue of Insurance Journal was incorrect. Unfortunately, columns of spreadsheet data shifted in the process...
