Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Voters Shuffle Deck of State Legislatures; Both Parties Claim Gains
Nov 5 2008 // Voters on Tuesday left their mark on the state political landscape, shifting the partisan control of state government in a dozen states. According to the National Conference of State Legislatures, Democrats gained control...
New York Appeals Court Upholds Workers’ Compensation Claim
Nov 3 2008 // A New York State appeals court has upheld workers’ compensation benefits for an illegal alien injured while working as a parking lot attendant despite falsely using another man’s identification. Benjamin Amoah,...
New York Liquidation Bureau Prepares to Sell Midland Insurance
Nov 3 2008 // As a first step toward a possible sale of Midland Insurance Co. to private investors, the New York Liquidation Bureau (NYLB) has hired the actuarial and consulting firm Milliman, Inc. to conduct a liquidation analysis of...
New York Man Faces Insurance Fraud Charges for Suspicious Fire
Nov 3 2008 // An Albany, New York property owner who reportedly fell behind on the mortgage payments for a four-unit apartment building he owns in was arrested for setting fire to the structure just hours after his tenants left the...
Two New York Agencies Named Top Performers
Nov 2 2008 // Reagan Consulting and the Independent Insurance Agents & Brokers of America (Big “I”) announced the Best Practices Agencies for 2008-2009. A total of 189 agencies from around the country maintained their...
New York AG Confirms AIG Pay Freeze
Nov 2 2008 // Troubled insurer American International Group Inc. will freeze payments to a former CEO and officers of the unit that was the main source of its financial problems, New York Attorney General Andrew Cuomo said. “This...
New York Insurance Chief Seeks Contract Certainty for Large Policies
Nov 2 2008 // New York officials are putting pressure on insurers and brokers to sew up the details of most large commercial insurance policies and deliver finished contracts to customers within 30 days of inception to avoid uncertainty...
Higher Gas Prices Drive Down Auto Rates, Drive Up Politics Over Regulation in New York
Nov 2 2008 // In New York, there exists a curious relationship between gas prices and insurance premiums, at least in government officials’ minds. Gov. David Paterson said his state’s efforts to rein in insurance rates by...
People
Nov 2 2008 // Tonya I. Sylvester has been named a sales executive at Rogers & Gray Insurance Agency Inc. of Massachusetts. Sylvester will specialize in personal lines sales, and work out of the agency’s Canton and Plymouth...
Business Moves
Nov 2 2008 // Arthur J. Gallagher, Fuller & O’Brien Insurance brokerage firm Arthur J. Gallagher & Co. has acquired Albany, New York-based insurance broker Fuller & O’Brien Inc. for an undisclosed sum. Fuller...
New York Closes Receivership of Insolvent Texas Insurer
Nov 2 2008 // The New York Liquidation Bureau said it has completed all necessary steps to bring to a close the ancillary receivership in New York of American Eagle Insurance Company, a Texas-based property/casualty firm declared...
New York Hotel Worker Charged with Workers Compensation Fraud
Oct 28 2008 // A 49-year-old Nassau County, New York woman has been arrested on charges of fraudulently collecting $20,000 in workers’ compensation benefits, the New York State Insurance Department reported. Maria Escobar, of...
U.S. Treasury Mulls Aid Program for Life, Bond, Mortgage Insurers
Oct 27 2008 // The Treasury Department is studying how it could give relief to insurance companies under a $700 billion financial services rescue package, two sources familiar with the deliberations said Friday. The Troubled Asset Relief...
New York AG Confirms Pay Freeze for Ex-AIG Execs Sullivan, Cassano
Oct 22 2008 // Troubled insurer American International Group Inc. will freeze payments to a former CEO and officers of the unit that was the main source of its financial problems, New York Attorney General Andrew Cuomo said...
U.S., New York Officials Probe Credit Default Swap Market
Oct 21 2008 // Federal and New York state prosecutors have launched an investigation of the credit default swap market, inquiring whether speculators had manipulated CDS transaction data to put more pressure on the shares of banks...
New York Insurance Chief Seeks Contract Certainty for Large Policies
Oct 21 2008 // New York officials are putting pressure on insurers and brokers to sew up the details of most large commercial insurance policies and deliver finished contracts to customers within 30 days of inception to avoid uncertainty...
PURE Approved to Sell Homeowners Coverage in New York
Oct 21 2008 // White Plains, N.Y.-based Privilege Underwriters Reciprocal Exchange (PURE) has received approval from the New York State Insurance Department to begin offering homeowners and other personal lines insurance in The Empire...
New York, Bermuda Sign Regulatory Working Pact
Oct 20 2008 // Insurance regulators in New York and Bermuda have agreed to closer cooperation in overseeing insurance matters. New York State Insurance Superintendent Eric Dinallo and Matthew Elderfield, chief executive officer of the...
Business Moves
Oct 20 2008 // Wells Fargo, Wachovia Wells Fargo & Co. has won the bidding for Wachovia Corp., beating out Citicorp. Citicorp, while stepping aside, said it plans to pursue damages for interference with the deal it had worked out...
Brooke Corp. Faces Lawsuits by Illinois and New York Banks
Oct 20 2008 // Overland Park, Kansas-based Brooke Corp. faces a lawsuit by a bank seeking $13 million plus interest and costs for breach of contract. The suit was filed the last week in September 2008 in federal court in Illinois by...
