Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
New York Carpenter Arrested for Workers’ Comp Fraud
Sep 18 2009 // The owner of a Long Island carpentry business has been charged with fraud for failing to disclose over $900,000 in sales to his workers’ comp insurer – a move which lowered his insurance premiums by...
Officials: New York Firefighters Arriving on Scene in Record Times
Sep 18 2009 // The FDNY is responding to fires faster than ever, and there have been fewer deaths this year than ever before. FDNY commissioner Nicholas Scoppetta says since January, firefighters arrive at the scene on average in 4...
Wrynn Confirmed as New York’s Newest Insurance Superintendent
Sep 14 2009 // New York’s Senate has confirmed James J. Wrynn as superintendent of the New York State Insurance Department. Wrynn, who succeeded Eric Dinallo, had been serving as acting superintendent since Aug. 20. He most...
New York Issues New Draft of Disclosure Rules for Agents
Sep 11 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 a policy. The so-called transparency rules...
New York Extends Freeze on Malpractice Insurance Rates
Sep 7 2009 // Gov. David Paterson has signed legislation to freeze medical malpractice insurance rates in New York for another year, but the state’s largest insurer said it leaves the company financially weaker while efforts to...
Former New York Insurance Chief Dinallo to Run for Attorney General
Sep 7 2009 // Eric Dinallo, former New York superintendent of insurance, says he is gearing up for a possible election effort to be the state’s next attorney general. “I recently filed papers with the New York State Board of...
Florida in Better, Not Perfect, Insurance Shape Should Major Hurricane Hit
Sep 7 2009 // Florida property insurers are warning that a major hurricane is likely this season given the state’s history of storms. At the same time, the industry says, the state-backed catastrophe reinsurance fund, the Florida...
Rates, Claim Frequency Still Declining in Workers’ Comp; Medical Costs Rise
Sep 7 2009 // States Are Not Equal in Handling Worker Injuries Prices for workers’ compensation insurance in the United States declined in 2008 and, in general, that trend is likely to continue in throughout 2009, according to the...
Hayes to Head New York Liquidation Bureau
Sep 4 2009 // Dennis J. Hayes has been appointed special deputy superintendent of the New York Liquidation Bureau (NYLB). Hayes has been a senior executive at NYLB since 1996, most recently serving as assistant special deputy...
New York Eases Rules for Placing Difficult Risks in Excess Market
Sep 3 2009 // In a move widely supported by industry advocates, the New York State Insurance Department has approved new rules that would make it quicker and easier for to write some categories of higher-risk insurance that are...
New York Allows Lump Sum Workers’ Comp Payments
Sep 1 2009 // New Yorkers who suffer a permanent partial disability can be paid workers’ compensation benefits in a single, lump sum if they so choose, under a new law signed by Gov. David Paterson. The law changes the payment...
Reuters: Interview with New AIG CEO Benmosche in Croatia
Aug 27 2009 // Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc. says he’s getting a lot of work done from his massive villa overlooking the...
Worker Killed in Accident on New York City Bridge
Aug 27 2009 // A worker is dead after a construction accident on New York City’s Throgs Neck Bridge. Police say 48-year-old William Barnes was struck by the boom of a small crane mounted on the back of a truck. The cable snapped,...
Former New York Insurance Chief Dinallo to Run for Attorney General
Aug 25 2009 // Dinallo, former New York superintendent of insurance, said Monday that he is gearing up for a possible election effort to be the state’s next attorney general. “I recently filed papers with the New York State...
