Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Former NASCAR Inspector Pleased with $225 Million Bias Settlement
Dec 22 2008 // The former official who filed a $225 million racial discrimination and sexual harassment lawsuit against NASCAR is very pleased with her settlement and looking forward to moving on, her attorney said Friday. Mauricia Grant...
Tower and CastlePoint Set Shareholder Meetings to Approve Merger
Dec 22 2008 // The New York-based insurer Tower Group, Inc. and Bermuda-based CastlePoint Holdings, Ltd. have both fixed a record date and a date for their respective special general meeting for shareholders to consider and vote on the...
New York’s Top Court Rejects Liability Claim against Tobacco Firms
Dec 17 2008 // New York’s top court has rejected a product liability claim against tobacco companies for selling regular cigarettes when they could have used lower levels of tar and nicotine. The Court of Appeals ruled that lawyers...
Insurance Tax Increase among New York Governor’s Budget Proposals
Dec 16 2008 // After opposing higher taxes for months as counterproductive, New York Gov. David Paterson reportedly plans to increase taxes on insurance policies, on non-diet sodas under an “obesity tax,” reviving the state...
Lockton Combines Connecticut and New York Teams
Dec 16 2008 // Privately held insurance broker Lockton Cos. said it has combined its Manhattan and Connecticut offices into a single team that will focus its efforts on the entire Northeast region. Lockton said its newly combined...
Seven Sentenced in New York for $1M Insurance Fraud Scheme
Dec 16 2008 // Four insurance adjusters and three contractors were ordered to forfeit $248,000 after pleading guilty to kickbacks made possible by inflating insurance claims on properties in Manhattan, Brooklyn and Staten...
FBI Launches Investigation of Bankrupt Brooke Corp.
Dec 15 2008 // Federal authorities have launched an investigation into the finances of bankrupt Brooke Corp. The court-appointed special master for the Overland Park-based banking and insurance services provider, Albert Riederer, told...
New York City Construction Worker Injured by Concrete
Dec 12 2008 // A construction worker is in critical condition after concrete fell on him as he worked in a pit at New York City’s Times Square. The worker was taken to Jacobi Hospital after the early accident Thursday morning in...
New York’s Seward to Head Insurance Legislators Group
Dec 10 2008 //
New York Insurers Object to $140M in ‘Back-Door Taxes’
Dec 10 2008 // A trade group for insurers in New York State says its members strongly oppose $140 million in new assessments on insurance companies proposed by Gov. David Paterson. Those increases, according to the New York Insurance...
Ex-CEO Greenberg: AIG Needs Unified Plan Quickly to Recover
Dec 5 2008 // Former American International Group Inc. CEO Maurice “Hank” Greenberg said the insurer could fall apart unless management quickly came up with a unified recovery plan. “You can’t hold (together) an...
New York Insurers’ Group Elects Officers and Directors
Dec 4 2008 // The New York Insurance Association recently elected officers and directors for the group, a trade association for property/casualty insurers. New officers who will serve one-year terms are Cecilia Norat, American...
New York and French Regulators Sign Cooperation Agreement
Dec 3 2008 // The New York State Insurance Department has signed an agreement with its counterpart in France that calls for increased cooperation and consultation between the two regulatory bodies. The agreement is similar to agreements...
Business Moves
Nov 30 2008 // Arthur J. Gallagher The HR Group International insurance broker Arthur J. Gallagher & Co. reported it has acquired The HR Group, LLC of Brentwood, Tennessee. Terms of the transaction were not disclosed. The HR Group...
New York Warns Insurers about Some Homeowners’ Cancellations
Nov 30 2008 // New York’s Department of Insurance has this advice for insurers in the Empire State: Stop canceling homeowners’ policies simply because a house in unoccupied. That announcement came in the form a circular...
Business Moves
Nov 30 2008 // Brown & Brown, Conner Strong Florida- based Brown & Brown Inc. said it has agreed to acquire the small business insurance unit of Conner Strong Companies, Inc., which is headquartered in Cherry Hill, New Jersey....
Transformed Wall Street Very Costly for New York, Comptroller Reports
Nov 26 2008 // The financial crisis could cost New York State and New York City 225,000 jobs and $6.5 billion in securities industry-related tax revenue over the next two years, according a report by New York State Comptroller Thomas P....
New York Reminds Insurers They Must Treat All Married Couples Equally
Nov 25 2008 // Insurance companies must treat same-sex couples in New York who were legally married outside the state the same as any other validly married couples, irrespective of the sex of the spouses, Insurance Superintendent Eric...
New York AG Settlement with ex-AIG Chief Greenberg Breaks Down
Nov 24 2008 // Efforts to settle a long-running fraud lawsuit against American International Group Inc.’s former chief, Maurice “Hank” Greenberg, have broken down amid the insurer’s financial woes, a lawyer from...
New York Halts Plan to Regulate Part of Credit Default Swap Market
Nov 20 2008 // New York Insurance Superintendent Eric Dinallo will put his plans to regulate part of the credit default swap market on ice, instead favoring a broader regulatory plan, he said in Congressional testimony in Washington on...
