Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
New York Warns Insurers about Some Homeowners’ Cancellations
Nov 20 2008 // New York 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 letter...
Insurance Industry Charitable Foundation to Honor Swiss Re
Nov 18 2008 // The Insurance Industry Charitable Foundation (IICF) announced that it will honor Pierre Ozendo, CEO and chairman of the Americas division of Swiss Re, for the company’s ongoing commitment to developing sustainability...
New York Police Departments Launch Statewide Seat Belt Checks
Nov 18 2008 // Law enforcement agencies across New York state are launching a seat belt eforcement campaign timed to the start of the Thanksgiving-Christmas holiday season. State police, sheriff’s departments and local police...
New York Regulators OK Con Ed Steam Blast Cost Plan
Nov 14 2008 // New York regulators have endorsed Consolidated Edison’s plan to swallow all the costs of a deadly explosion in midtown Manhattan and closed their investigation into whether the utility mismanaged its steam...
Wright Risk Management, Aquiline Capital Form WRM America Holdings
Nov 14 2008 // Wright Risk Management LLC, a risk financing and insurance management company, and Aquiline Capital Partners LLC (“Aquiline”), a New York based private equity firm investing in financial services, announced the...
Mass Mutual, New York Life Reject Government Aid
Nov 12 2008 // Two insurance companies have said they will not participate in the government’s rescue program to directly invest billions in financial companies. Some insurers likely would be eligible under the Treasury...
Construction Industry: New York City Crane Regulations Go Too Far
Nov 7 2008 // It takes a lot of paper to raise a crane in New York City these days. Maintenance records, tests certifying operators, and proof that a safety meeting has been held are among the documents required in the city since two...
Ex-New York Gov. Spitzer Will Not Face Sex Ring Charges
Nov 6 2008 // U.S. prosecutors in New York said Thursday they would not seek criminal charges against former New York Gov. Eliot Spitzer for his involvement in a prostitution ring that led to his resignation. Spitzer, who stepped down...
Travelers Fined $50K for Payments to Unlicensed New York Agency
Nov 5 2008 // New York regulators have fined five units of The Travelers Cos. Inc. a combined $50,000 for paying commissions to an unlicensed insurance agency in New York. The fines were paid as part of a legal stipulation signed last...
