Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Insurance Chief Dinallo’s U.S. Senate Testimony on AIG
Mar 5 2009 // Testimony by New York Insurance Superintendent Eric Dinallo to the United States Senate Committee on Banking, Housing and Urban Affairs Hearing on “American International Group: Examining What Went Wrong, Government...
New York Tries First-Ever Sale of Failed Insurer to Private Investors
Mar 4 2009 // New York state will try to sell Midland Insurance, which is being liquidated with almost $1 billion of assets and $2.9 billion of liabilities, in the first-ever sale to private investors, the state insurance chief said...
Kin of Wal-Mart Stampede Victim to Sue New York County
Feb 24 2009 // Relatives of a worker trampled to death in a crush of post-Thanksgiving bargain-hunters at a New York Wal-Mart have filed court papers indicating they intend to sue Nassau County and its police department. A notice of...
New York Regulator ‘Reminds’ Insurers about Accounting Requirements
Feb 23 2009 // New York Insurance Department Superintendent Eric Dinallo issued a reminder last week that insurance companies must file annual financial reports or supplements that comply with the accounting requirements prescribed by...
People
Feb 22 2009 // Andrew Fotopulos has joined Starkweather & Shepley Insurance Brokerage Inc. in Providence, Rhode Island as senior vice president. Fotopulos will lead the brokerage’s financial institutional practice. He will...
New York Proposes Compensation Disclosure Rules for Agents
Feb 22 2009 // Despite earning praise from major insurance brokerages, a proposed new regimen of compensation disclosure rules for insurance producers has New York agents on edge. The draft regulations issued earlier this month include...
It Figures
Feb 22 2009 // $210 Million Amount sought by a Baltimore man who alleges in a lawsuit that rogue police officers violated his civil rights in a public strip search. Thirty-five-year-old Navy veteran Daryl Martin is suing the city Police...
New York State Insurance Fund: Anti-Fraud Efforts Saved $20.7M
Feb 19 2009 // New York State insurance Fund (NYSIF) Executive Director David P. Wehner said the NYSIF’s 2008 fraud prevention program accounted for more than $20 million in total savings — a record amount exceeding all prior...
Police: New York Man with Anti-DWI Device in DWI Crash
Feb 18 2009 // Police say a Long Island man whose car was outfitted with an anti-drunken-driving device rented another car and crashed it while intoxicated. Police say 27-year-old Marvin Rice, Junior, of Shirley, lost control of a rental...
Spiro Receives Award from New York Agents’ Trade Group
Feb 17 2009 // A Valley Stream, New York insurance agent has been named the first-ever winner of the “1882 Fellow Award” from the Independent Insurance Agents & Brokers of New York (IIABNY). Steven Spiro, president of...
Continental Airlines Flight Crashes in Upstate New York
Feb 13 2009 // A Continental Airlines flight out of Newark, New Jersey crashed late last night into a house in Buffalo, New York — bursting into flames and killing 44 passengers, four crew members and one person on the ground,...
New York Bus Company Owner Charged with Shirking Workers’ Comp
Feb 12 2009 // An investigation by the New York State Insurance Department and Workers’ Compensation Board has led to charges against the owner of Yonkers bus service who failed to carry workers’ compensation insurance for...
New York Fines Zurich $250K over Veterinarians E&O Rates
Feb 10 2009 // Zurich American Insurance Co. has paid a $250,000 fine to the state of New York for charging unfiled rates on its errors and omissions policy for veterinarians, according to state regulators. The New York Insurance...
Conn., New York and New Jersey to Get $22M for Displaced Workers
Feb 9 2009 // Connecticut, New York and New Jersey will share a $22 million federal grant to help financial services workers who are losing their jobs because of the financial crisis on Wall Street. Connecticut Gov. M. Jodi Rell says...
New York Proposes Compensation Disclosure Rules for Agents
Feb 6 2009 // Despite earning praise from major insurance brokerages, a proposed new regimen of compensation disclosure rules for insurance producers has New York agents on edge. The draft regulations issued earlier this week include...
New York City Announces New Construction Safety Measures
Feb 5 2009 // New York City set more than 40 new rules for the struggling construction industry to make high-risk sites safer and correct problems such as those that led to two deadly crane collapses last year. The Department of...
New York Wholesalers’ Association Names Cruz to Board
Feb 3 2009 // The Professional Insurance Wholesalers Association of New York State Inc. has appointed Maya Cruz to its board of directors. Cruz, who is vice president of All Risk/CESI LLC in New York City, has served on a number of...
Greenberg Fights New York AG to Keep Reinsurance Testimony Private
Feb 2 2009 // Maurice “Hank” Greenberg, former chief executive of American International Group Inc., has gone to court to prevent New York’s attorney general from releasing testimony Greenberg gave in a state lawsuit...
New York Agents’ Group Wants Streamlined Agent-Licensing Procedure
Feb 2 2009 // A trade group for New York insurance agents says it’s working with the state’s insurance department to develop a new system for licensing agents. The Independent Insurance Agents & Brokers of New York,...
State Regulators Deny Life Insurers’ Bid for Looser Capital Requirements
Jan 30 2009 // State insurance regulators voted against a proposal to loosen capital requirements for the battered life insurance industry, shooting down hopes for up to $30 billion in relief. The National Association of Insurance...
