Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Chartis’ Moor Maps Out 20% Sale, Other Steps in Separating from AIG
Jul 27 2009 // Bailed-out insurer American International Group Inc. rebranded its property/ casualty business under the name Chartis Monday and said it would put the equity for the division into a separate company — key steps...
New York Judge Awards $250K to Wrongly Imprisoned Woman
Jul 24 2009 // A woman falsely implicated by New York police in a gruesome 1989 multiple murder is entitled to more than $250,000 in compensation for the nearly 2 1/2 years she spent behind bars, a New York Court of Claims judge has...
New York Agents Plead Case for “Common Sense” Disclosure Rules
Jul 22 2009 // Independent agent groups in New York State pleaded with regulators during a meeting yesterday to take a more “common sense” approach to proposed rules requiring agents to tell clients how they get paid. The...
Weekend Arson Fires Keep Upstate New York Firefighters Busy
Jul 22 2009 // Authorities are investigating a spate of weekend arson fires in Buffalo, including five set in vacant homes. Six fires occurred early Sunday morning on the city’s east side, with the first reported around midnight in...
New York Regulator Signs Cooperation Agreement with Thailand
Jul 21 2009 // The New York State Insurance Department signed an agreement yesterday with regulators in Thailand that calls for increased cooperation between the two in investigating insurance matters. The agreement formalizes...
New York Eases Compensation Disclosure Mandate for Producers
Jul 20 2009 // Agents Still Say Cumbersome Changes Will Create Problems The New York State Insurance Department this month released a new draft of a rule governing when and how insurance producers must disclose their compensation and...
People
Jul 20 2009 // Colemont Insurance Brokers has named John Cleary as vice president and casualty broker. Cleary will be physically located in New Jersey, but he will be working as part of the Hartford, Connecticut office. He brings over 25...
New York Fan Distributor Agrees to Pay $587K Settlement
Jul 20 2009 // A New York City distributor has agreed to pay more than $500,000 to settle a complaint that it was slow in reporting a defect and fire hazard linked to oscillating fans. The $587,500 penalty is part of a settlement Haier...
New York Sees Increase in Insurance Fraud Convictions
Jul 17 2009 // The number of insurance fraud arrests in New York was down very slightly in the first half of the year, but conviction are up, according to a newly updated fraud report by the state’s insurance department. The New...
Beloten to Head New York Workers’ Comp Board
Jul 17 2009 // Robert E. Beloten has been named chairman of the New York Workers’ Compensation Board. He replaces Zachary Weiss, who announced his resignation last month. Beloten was named to the board in May after having been a...
New York Insurer Targets Worker-SafetyTraining Programs
Jul 16 2009 // The New York State Insurance Fund is reaching out to winners of federal, youth-training grants by offering free workplace safety services to those organizations. Ten organizations in the state — including United Way...
New York’s Dutchess County Bans Texting while Driving
Jul 14 2009 // New York’s Dutchess County is sending drivers a message: No more text messaging behind the wheel. County Executive William Steinhaus said Friday he wouldn’t veto a law against sending text messages while...
Argo Appoints 3 Executives
Jul 13 2009 // The Bermuda-based Argo Group International Holdings, Ltd. Has announced three executive appointments: — Kevin D. Silva as senior vice president of human resources, — Bernhard H. Scheifele as chief risk officer,...
New York Drivers Can Save on Insurance By Taking Online Courses
Jul 10 2009 // New Yorkers who want to take advantage of accident prevention courses to increase their chances of avoiding accidents while reducing the cost of their automobile or motorcycle insurance now can do so over the Internet. The...
‘God Bless America’: Red Sox Fan Settles Lawsuit with Yankees
Jul 10 2009 // A baseball fan has settled a lawsuit that claimed he was kicked out of Yankee Stadium by a police officer because he left his seat to use the bathroom during the playing of “God Bless America.” Boston Red Sox...
New York Eases Compensation Disclosure Mandate for Producers
Jul 10 2009 // The New York State Insurance Department this week released a new draft of a rule governing when and how insurance producers must disclose their compensation and competing quotes to customers. The latest draft appears to be...
New York Charges Doctors, Hospital Employees with No-Fault Fraud
Jul 9 2009 // New York Attorney General Andrew M. Cuomo announced the indictment of 12 people and 9 corporations across New York City for their roles in an alleged criminal enterprise that paid hospital employees for confidential...
Accident Victims To Appeal GM Bankruptcy Plan Over Pending Lawsuits
Jul 8 2009 // Groups representing plaintiffs in car accidents are opposing General Motors’ attempt to quickly exit bankruptcy protection, arguing that hundreds of victims could be hurt by the government-led plan. U.S. Judge Robert...
New York Delays Medical Malpractice Rates Pending Lawmakers’ Action
Jul 8 2009 // Acting New York State Insurance Superintendent Kermitt Brooks announced today that he is delaying the setting of new medical malpractice insurance rates. He said the delay is to allow time for the Senate to respond to the...
Blackstone, Goldman, Credit Suisse Back New Insurance Brokerage
Jul 7 2009 // A group of private equity investors, including affiliates of The Blackstone Group, Goldman Sachs and Credit Suisse, is launching a new life insurance and benefits brokerage serving the middle market and small businesses,...
