Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
PURE Offers Coverage in New York
Mar 31 2009 // White Plains, New York-based specialty insurer Privilege Underwriters Reciprocal Exchange (PURE) said it will begin offering property and casualty insurance coverage for owners of high-value homes in New York. The company...
Evidence Points to Crew Error in Upstate New York Plane Crash
Mar 27 2009 // Flight data point to possible flight crew errors rather than ice accumulation as a key factor in last month’s plane crash near Buffalo, New York, that killed 50 people, aviation safety experts said. The National...
Fireman’s Fund Offers Green Homeowners Policy in New York
Mar 25 2009 // Fireman’s Fund Insurance Co. has launched a new line of ‘green’ insurance products for New York homeowners — a product the company says is a first for the Empire State. The policy includes a 5...
New York Federal Reserve Chief: U.S. to Get Back All Funds Given to AIG
Mar 24 2009 // The new head of the New York Federal Reserve Tuesday defended saving American International Group from collapse as the right thing to do to prevent further damage to the world economy and said AIG will eventually be able...
People
Mar 23 2009 // Richard G. “Dick” Clarke, senior vice president of J. Smith Lanier & Co. in West Point, Ga., has been elected 2009 president of RiskProNet International, a network of 25 independent insurance brokers in...
People
Mar 23 2009 // Kate Westover, vice president of Alternative Risk Financing at Innovative Captive Strategies, has received the 2009 Distinguished Service Award from the Captive Insurance Companies Association (CICA). Based in Colchester,...
Transparent Conversations
Mar 23 2009 // If one were to poll every insurance agent in New York about the most important topic facing their profession, “compensation” would probably top the list of answers. Between bailouts, Wall Street’s...
People
Mar 23 2009 // The Insurance Brokers and Agents of the West (IBA West) installed the association’s new officers and directors. The following will serve in 2009: President Richard E. Dinger of Crescenta Valley Insurance, who is the...
Protesters Visit AIG Officials’ Lavish Connecticut Homes
Mar 23 2009 // A busload of activists representing working- and middle-class families paid visits Saturday to the lavish homes of American International Group executives to protest the tens of millions of dollars in bonuses awarded by...
New York Republicans Demand Probe into AIG Campaign Donation
Mar 23 2009 // New York’s Republican Party says the Democrat-controlled state government is ignoring calls for an investigation into a $100,000 donation to the state Democratic Party from American International Group days before...
Yanking AIG Bonuses to Cost N.Y. City $3 Million in Taxes
Mar 20 2009 // New York City could lose $3 million in tax revenues if insurer American International Group’s workers are forced to hand back their bonuses, the city comptroller said on Thursday. Wall Street is the taproot of New...
73 AIG Employees Got $1 Million Bonuses, Says New York AG Cuomo
Mar 18 2009 // American International Group Inc., which has received $180 billion in taxpayer money to stay in business, created 73 millionaires with bonuses of $1 million or more in 2008, New York’s top legal officer said on...
Report: New York Fraud Investigations Yielded 755 Arrests Last Year
Mar 17 2009 // Investigations by The New York State Insurance Department Frauds Bureau led to 755 arrests in 2008 — a slight increase over 2007 and and the highest arrest total since 2004, the department said. “Arrests for...
New York City Spent $568 Million on Malpractice, Property, Other Claims
Mar 13 2009 // New York City spent almost $568 million to settle damage claims, and the biggest awards were attributed to city-owned hospitals and the police and transportation departments, the comptroller said Thursday. The latest...
London Summit Set to Include Climate Change Talks
Mar 12 2009 // A summit meeting on the financial crisis in London next month will tackle the issue of climate change, which the U.N. chief had planned to make the focus of a separate gathering in New York, diplomats said. Worried that...
AIG Bailout Good For Goldman Sachs, Other Banks But Not For Investors
Mar 11 2009 // The $173 billion government rescue of American International Group Inc. is stoking resentment among investors who see it as a backdoor taxpayer bailout of Goldman Sachs Group Inc. and other banks. Six months after the...
Who Got AIG Bailout Funds? Partial List of Firms Published
Mar 9 2009 // Where, oh where, did AIG’s bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published. The Wall Street...
New York City, Port Authority Agree on Crane Safety Measures
Mar 9 2009 // New York City and the Port Authority of New York and New Jersey have reached an agreement to improve crane safety in the wake of deadly accidents last year. Both agencies said last Friday that any crane or derrick on Port...
People
Mar 9 2009 // San Francisco-based Wells Fargo & Co. announced its management team for the combined insurance businesses of Wells Fargo and Wachovia Corp. Reporting to Dave Zuercher, group head of International and Insurance...
New York Regulator Says AIG Securities Lending Losses Manageable
Mar 5 2009 // The securities lending unit of American International Group Inc. was being successfully wound down and had manageable losses if not for the firm’s massive credit default swap exposure, New York Insurance...
