Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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,...
Hub Northeast Acquires United Benefit Consulting of N.Y.
Jul 8 2008 // Hub International Limited reported that Hub International Northeast has acquired the assets of United Benefit Consulting, Inc. (UBC), a Long Island, N/Y.–based firm specializing in employee benefit consulting...
Interview: N.Y.’s Dinallo Sees Insurance Exchange Open by 2009
Jul 8 2008 // New York Insurance Superintendent Eric Dinallo said Monday a revival of the defunct New York Insurance Exchange could happen as early as next year. Dinallo, in a telephone interview from New York, said the next 18 months...
New York Insurance Department Adds Coverages to ‘Free-Trade Zone’
Jul 7 2008 // Insurers would no longer file rates and forms with regulators for some professional liability and errors and omissions coverages under a plan by the New York insurance department to add those coverage to the ‘free...
N.Y. Engineers Rescue of Workers’ Comp Trusts
Jul 7 2008 // But Those Involved with 14 Failed Trusts Remain on the Financial Hook New York State lawmakers have authorized $52 million from an emergency state fund to assure uninterrupted payment of benefits of injured workers whose...
Harnessing N.Y. City Contractors
Jul 7 2008 // New York contractors will now have to submit detailed plans for worker safety harness systems at high-rise construction sites. The city’s Department of Buildings told contractors that the new requirements are in...
Declarations
Jul 7 2008 // Stepping Up and Out “The boards of directors of these companies are basically having to step up and be more anticipatory, and take steps to show their shareholders and show regulators that they mean business, and...
Contingent Commissions Legal, N.Y. Court Rules
Jul 7 2008 // In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not...
N.Y. Gov. Paterson Supports Easing Rules for Foreign Reinsurers
Jul 7 2008 // New York will ease regulatory barriers that are “openly discriminating” against foreign reinsurers, Democratic Gov. David Paterson told reporters. Paterson, the state’s first black governor, who is also...
People
Jul 7 2008 // The National Association of Professional Insurance Agents (PIA) has announced the promotion of Mike Becker to director of federal affairs. Since joining PIA, Becker has managed the day-to-day responsibilities associated...
The Spitzer Error
Jul 7 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...
