Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Enforcers: $10K-a-Day Fraud Ring Had International Link
Oct 9 2009 // A crime ring raked in about $10,000 a day by manufacturing credit cards with numbers purchased illegally from overseas Web sites, committing mortgage fraud and staging car accidents and auto thefts to collect insurance...
New York Med Mal Insurer Reducing Buy-in for New Policyholders
Oct 8 2009 // J. M. Woodworth RRG, Inc., a medical malpractice Risk Retention Group that insures physicians and surgeons in New York, is reducing the capital new policyholders are required to pay by 83 percent through the end of this...
New York Deputy Sheriff Accused of Workers’ Comp Fraud
Oct 7 2009 // A deputy sheriff has been accused of claiming an on-the-job injury when she actually was hurt by being thrown off her horse. The Putnam County deputy, Barbara Dunn, was indicted Monday on charges including grand larceny,...
New York Judge Awards Patient with Bedsores $2.2M
Oct 6 2009 // A New York court has ordered a hospital to pay $2.2 million to a quadriplegic man who developed bedsores “all the way down to the bone.” Attorney Raymond Keegan says caregivers failed to turn Eric Trainor every...
Officials: New York Firefighters Arriving on Scene in Record Times
Oct 5 2009 // The New York Fire Department (FDNY) is responding to fires faster than ever, and there have been fewer deaths this year than ever before, said commissioner Nicholas Scoppetta. Since January, firefighters arrive at the...
New York Earns Accreditation by Insurance Commissioners’ Group
Oct 5 2009 // The New York State Insurance Department has been accredited under the National Association of Insurance Commissioners’ (NAIC) Financial Regulations Standards and Accreditation Program. “State insurance...
New York City Construction Accident Reports up, Deaths down
Oct 5 2009 // The number of reported construction accidents and injuries in New York City has increased – but there have been fewer deaths this year. The number of reported accidents increased by more than 40 percent year-to-date,...
Business Moves
Oct 5 2009 // Willis, Ireland Willis Group Holdings Limited wants to change the company’s place of incorporation from Bermuda to Ireland. Shareholders will vote on the measure at a meeting in three or four months. The change also...
New York Releases Auto Insurance Rankings
Oct 2 2009 // Amica Insurance tops the just-released rankings of the least-complained about personal auto insurers in New York, according to the New York State Insurance Department. The list, which is pulled together annually, looks at...
Ex-AIG Financial Exec Cassano Returns to U.S. As Probe Continues
Sep 29 2009 // Joseph Cassano has come home to face the music. The former AIG executive closely associated with one of the most sensational collapses in corporate history, recently slipped back into the United States. Under intensifying...
New York City Begins New Licensing of Pedicabs
Sep 29 2009 // The New York City Department of Consumer Affairs has begun accepting license applications from pedicab business owners. The deadline to submit applications is Nov. 20. Pedicab operators must obtain driver licenses that are...
New York Wholesalers’ Group Elects New Officers
Sep 25 2009 // The Professional Insurance Wholesalers Association of New York State Inc. has elected Lucas Snyder of the NIF Group as its president.Snyder is the organization’s first second-generation president — he is the...
Disgruntled Customer Sues Bank of America for ‘$1,784 Billion, Trillion’
Sep 25 2009 // Dalton Chiscolm is unhappy about Bank of America’s customer service — really, really unhappy. Chiscolm in August sued the largest U.S. bank and its board, demanding that “1,784 billion, trillion...
Insurer Valiant Doubling Size of New York Headquarters
Sep 25 2009 // Specialty insurer Valiant Insurance Group announced plans to expand its New York City headquarters and relocate to a larger space in a move designed to accommodate a workforce double its current size. “Despite...
Congress, Insurance Regulators Seek Answers from Ratings Firms
Sep 24 2009 // A U.S. House panel abruptly postponed a hearing into accusations that Moody’s Corp. knowingly issued incorrect ratings after Republicans demanded more time to review a whistleblower’s complaint. Democratic...
New York Earns Accreditation by Insurance Commissioners’ Group
Sep 23 2009 // The New York State Insurance Department has been accredited under the National Association of Insurance Commissioners’ (NAIC) Financial Regulations Standards and Accreditation Program. “State insurance...
New York City Construction Accident Reports up, Deaths down
Sep 22 2009 // The number of reported construction accidents and injuries in New York City has increased — but there have been fewer deaths this year. The number of reported accidents increased by more than 40 percent through last...
New York Issues New Draft of Disclosure Rules for Agents
Sep 21 2009 // The New York State Insurance Department released proposed new rules mandating how and what insurance agents must reveal to clients about how they are compensated in the sale of policy. The so-called transparency rules...
Changing of the Guard
Sep 21 2009 // It’s a remarkable coincidence that several state regulators in the Northeast seem to be moving on to greener pastures just as key reform efforts are winding into place. This past month, Massachusetts Insurance...
People
Sep 21 2009 // New Jersey-based Selective Insurance Group Inc. appointed six new executives. Dennis L. Barger has been appointed senior vice president, underwriting officer for Mid-Market & Large Accounts. Barger joined Selective in...
