Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Regulators Post Rules for Flex-Rate Personal Auto
Aug 25 2009 // The New York State Insurance Department has posted a notice of proposed regulations for flexible-rating on personal auto insurance. Flex-rating, which allows insurers to set pricing within a certain premium range, was last...
U.S. Courts Rejects California Law on Insurance Claims for Armenians
Aug 24 2009 // A federal appeals court invalidated a California law Thursday that allowed heirs of Armenians killed in the Turkish Ottoman Empire nearly a century ago to seek payment on the life insurance policies of dead relatives. The...
$1 Billion Suit Against AIG Over Workers’ Compensation Dismissed
Aug 21 2009 // American International Group Inc. won dismissal of a federal lawsuit accusing the troubled insurer of fraudulently shortchanging state workers’ compensation pools out of more than $1 billion. However,...
GEICO Begins Recruitment for New York Operation
Aug 20 2009 // GEICO has begun taking job applications for its new, Amherst, N.Y. based subsidiary, GEICO Insurance Agency, which will sell and service homeowners, renters, boat and other coverage. Gov. David Paterson joined company...
One Worker Killed in New York City Scaffold Collapse
Aug 20 2009 // A construction worker fell five stories to his death when part of a scaffold collapsed in Brooklyn, police said. The worker had been resurfacing bricks on an apartment building’s facade in the Park Slope section when...
New York City Concrete-Testing Probe Expands
Aug 19 2009 // Manhattan prosecutors have expanded their investigation of fraud in the concrete-testing industry. Authorities have searched the Bronx offices of Casa Redimix Concrete Corp. It supplies concrete to large public works...
Former PIANY Prez Dickson Named to Fraud Task Force
Aug 18 2009 // David Dickson has been appointed to the New York Compensation Insurance Rating Board’s (NYCIRB) Fraud Task Force. Dickson has served on the NYCIRB since last year, and originally was named to the committee as the...
New York’s Kingstone Completes Conversion into P/C Carrier
Aug 17 2009 // Kingstone Cos. Inc. has completed its conversion from an agency franchiser to a property/casualty insurance carrier, the company said. The Hewlett, N.Y.-based firm was spun out of the combination of DCAP Group Inc. with...
Work Hard Play Hard
Aug 17 2009 // Insurance Triathletes Prove their Endurance, Self-Discipline There are far easier ways to spend one’s leisure hours than slogging through tough early-morning runs, pedaling through sunburns and saddle sores and...
New York Suit Settled against Boat Company in Capsizing
Aug 14 2009 // Liability claims have been settled against the tour company that arranged a fall foliage excursion in which 20 passengers were killed when their tour boat overturned on an Adirondack lake in 2005. Terms of the settlement...
Wrynn to Head New York State Insurance Department
Aug 14 2009 // New York Gov. David A. Paterson has tapped James J. Wrynn to be the next superintendent of the New York State Insurance Department. Wrynn currently serves as executive director of the New York State Insurance Fund and is a...
Demetriou General Agency Acquires H. Al Roth Agency in New York
Aug 13 2009 // New York-based Demetriou General Agency Inc. has acquired H. Al Roth Agency in Manhattan for an undisclosed sum. The acquisition comes as Demetriou announced expansion plans for its Madison Avenue headquarters to...
New York Regulators Give ‘No Stamp’ Order for American Transport
Aug 13 2009 // Insurance regulators in New York are warning agents and brokers not to conduct any business with American Transport Insurance Co. The company is not admitted to do business in the Empire State and is not an eligible excess...
Iowa, Minnesota Get ‘A’, 9 States ‘F’ in Best, Worst States for Workers’ Comp
Aug 13 2009 // Iowa, Kansas, Minnesota, Utah and Virginia do the best job handling workers’ compensation injuries, while Louisiana, New Jersey, New York, Oklahoma, Rhode Island, Texas and Wyoming perform the worst. That’s...
New York Extends Freeze on Malpractice Insurance Rates
Aug 12 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...
AXA Art Insurance’s Arnold to Lead New York Chapter of NAIW
Aug 12 2009 // Art insurance industry professional and director of business development at AXA Art Insurance, Jill Arnold, has been named president of the New York City Chapter of The National Association of Insurance Women (NAIW-NYC)....
Investigators Still Search for Clues in NYC Air Crash
Aug 10 2009 // As investigators try to piece together how a small plane and tourist helicopter came to enter each other’s airspace over the Hudson River on a clear summer day, divers were to search for clues to the crash believed...
New York Recovered $13.6M for Consumers in Second Quarter
Aug 6 2009 // The New York Insurance Department recovered $13.6 million in the second quarter of the year for consumers and health care providers who filed complaints with the department, according to the department. Nearly 3,000...
Police: Texting, Talking Trucker Hits Car, Pool in New York
Aug 3 2009 // Police say a tow truck driver was texting on one cell phone while talking on another when he slammed into a car and crashed into a swimming pool. Niagara County sheriff’s deputies say 25-year-old Nicholas Sparks...
States Dispute Article Questioning AIG Insurance Units’ Finances
Aug 3 2009 // State insurance regulators are criticizing a New York Times article that reported that insurance subsidiaries of American International Group, Inc. “show signs of considerable weakness” and that called into...
