Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
The Spitzer Error
Aug 4 2008 // Liberty Mutual downplayed its recent victory when the New York Supreme Court declared that contingent commission agreements are not illegal. “Contingent commission agreements between brokers and insurers are not...
High Cost of N.Y. City Construction Due to Land, Wages, Materials, Insurance
Jul 31 2008 // Construction costs in New York are far higher than in other major U.S. city due to factors ranging from hefty wages, high land prices and costly insurance, according to a survey by a trade group coalition. Costs in New...
New York Woman Pleads Guilty in $38K Insurance Fraud Scheme
Jul 31 2008 // An Albany, New York woman who removed all her belongings from her home the day before it mysteriously caught fire has pleaded guilty to insurance fraud. Kim M. Laporte, 39, later filed a $38,000 claim under her...
New York Same-Sex Couple Wins Fight Against Health Insurer
Jul 30 2008 // The New York Civil Liberties Union says a lesbian couple who married in Canada have won their fight against a western New York insurance company over spousal health care benefits. The NYCLU sued Blue Cross & Blue...
New York Governor Signs Late-Notice Reform Bill
Jul 29 2008 // New York Gov. David A. Paterson has signed into law legislation that makes it more difficult for insurers to deny claims based on “late notice” provisions. The legislation requires insurers to clearly...
Workers’ Compensation History: The Great Tradeoff!
Jul 29 2008 // Eighteenth century pirates and a nineteenth century German “Iron” Chancellor preceded the United States in the creation of a social system for the protection of injured workers. The modern workers’...
Under The Microscope: Spitzer-Era Ban On Insurer Fees
Jul 28 2008 // Insurance brokerages who lost billions of dollars in revenue under a ban imposed by former New York Attorney General Eliot Spitzer told state regulators on Friday that the rules were never applied universally, and should...
New York Law Aids Livery Drivers’ Access to Workers’ Compensation
Jul 28 2008 // New York livery drivers will now have better access to workers’ benefits. Gov. David A. Paterson announced Friday that he has signed a law to aid the drivers in New York City, and in Westchester and Nassau...
Chubb: Lessons in Globalizing an Insurance Brand
Jul 24 2008 // Chubb Insurance, founded in 1882 in New York, today sells in 28 countries and has about 120 offices throughout North America, Europe, South America, and the Pacific Rim, serving its property and casualty customers. While...
New York Agents Support Expansion of Excess & Surplus Export List
Jul 23 2008 // Insurance agents and brokers in New York have called upon state officials to ease the rules for how agents obtain coverage for some high-risk policies. The Excess Line Association of New York has proposed adding dozens of...
Aon Construction Adds Wrap-Up Expert Resnick to N.Y. Team
Jul 22 2008 // Aon Corp. said that Richard Resnick, formerly of the Willis Construction practice, has joined Aon Construction Services Group as regional director of wrap-ups. In his new position, Resnick is responsible for providing...
Crane Collapses At Houston Refinery — Killing 4, Injuring 7
Jul 21 2008 // As federal investigators converged on a Houston oil refinery July 19 where a crane collapse killed four and injured seven others, the company that owns the 30-story-tall crane released the names of the dead workers. The...
Buchanan Joins AmWINS Brokerage in New York
Jul 18 2008 // Gary Buchanan has joined AmWINS Brokerage of New York of vice president. With over 25 years of experience in the insurance industry, Buchanan will focus mainly on financial risk placements, including directors and...
Procope Honored by African American Insurance Association
Jul 18 2008 // Ernesta G. Procope, chairman and founder of insurance broker E.G. Bowman Co., has received a lifetime accomplishment award from the National African American Insurance Association, New York Tri-State Chapter. Procope was...
N.Y. Health Insurer Sued Over Coverage for Same-Sex Spouse
Jul 17 2008 // The New York Civil Liberties Union is suing a western New York health insurer accused of refusing to cover the same-sex spouse of a policy holder. A suit filed in state Supreme Court in Buffalo says Blue Cross and Blue...
New York Hearings Pit Agents Against Compensation-Reformers
Jul 17 2008 // A top executive for a key insurance broker urged New York regulators to quash the practice of insurance agents taking contingent commissions, despite calls from agents that the practice would hurt their businesses, and do...
New York Concrete Firm Pays $211K in Workers’ Comp Fraud Case
Jul 16 2008 // The head of a Long Island brick and concrete firm has pleaded guilty to attempted insurance fraud and his company ordered to pay $211,000 in restitution to the New York State Insurance Fund (NYSIF) for concealing the...
Not All N.Y. Workers’ Compensation Self-Insurance Trusts are in Trouble
Jul 11 2008 // New York officials have closed 14 workers’ compensation self-insured trusts in the past few years and questioned the financial stability of 22 others. However, that still leaves 29 group trusts operating in the state...
New York To Webcast Agent-Compensation Hearing on Monday
Jul 11 2008 // The New York State Insurance Department and attorney general’s office will hold the first of three scheduled public hearings on insurance agents’ compensation arrangements on Monday in Buffalo. The meetings,...
N.Y. Court Holds Up Assessments for Failed Workers’ Comp Trusts
Jul 10 2008 // The New York Workers’ Compensation Board must do a better job of showing why a significant assessment was been levied against employer groups in the state that self-insure against workers’ compensation claims,...
