Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Bank of N.Y. Works with Connecticut on Security Breach
May 23 2008 // Connecticut Attorney General Richard Blumenthal asked the Bank of New York Mellon Wednesday to explain how it lost computer tapes containing the information of more than 4 million customers. The bank told the state that a...
Mass. Approves Mapfre Acquisition of Commerce Insurance
May 22 2008 // Massachusetts Commissioner of Insurance Nonnie S. Burnes has approved the acquisition of Commerce Insurance Co., principal subsidiary of The Commerce Group of Webster, Mass., by the Spanish insurance company Mapfre,...
XL Holds ‘Global Day of Giving’
May 21 2008 // Bermuda’s XL Capital Ltd. is holding its third annual employee volunteer day — known as the “Global Day of Giving” — today Wednesday, May 21. The day is dedicated to supporting the communities...
New York City to Hire More Buildings Inspectors
May 20 2008 // Under fire for a spate of construction accidents, the city will spend $5.3 million to hire 63 more safety inspectors, Mayor Michael Bloomberg announced Sunday. “The Buildings Department has a critical responsibility...
New York Woman Wins $3.8M for Pothole Fall
May 19 2008 // An 83-year-old woman who hurt herself stepping into a pothole has won $3.8 million in damages from New York City. A Bronx jury awarded Janie Utsey (YOO’-tzee) the money for the injury she suffered five years ago when...
N.Y. Suspends Workers Comp Security Fund Payments
May 19 2008 // Workers’ compensation insurers in New York can cease making payments to the state’s security fund, now that the fund has amassed $74 million in assets, the Insurance Department said. By statute, the department...
Business Moves
May 19 2008 // AmWINS, Beacon Risk Strategies Charlotte, N.C.-based AmWINS Group Inc. acquired Beacon Risk Strategies, a Seattle-based managing general underwriter of excess-loss benefits insurance. Terms of the transaction were not...
New York Agents Seek to Curb State-backed Workers’ Comp Insurer
May 19 2008 // A trade group for New York insurance agents wants to rewrite the laws governing the New York State Insurance Fund — a nonprofit state agency that is the state’s largest workers’ compensation insurer — to...
Construction Safety Reaches Crisis in New York City
May 19 2008 // A rash of accidents has killed 13 people in the last five months at construction sites across New York City, leaving builders and safety officials on edge as they look for ways to improve safety conditions for workers and...
AIG Investors, N.Y. Regulator Mull Former CEO Greenberg’s Words
May 19 2008 // Maurice “Hank” Greenberg’s withering criticism of American International Group Inc. has yet to win widespread support for a revolt against the current management of the giant insurer he used to run. There...
N.Y. Lawmakers Welcome Governor’s Bid for Stricter Physician Oversight
May 16 2008 // State lawmakers say New York Gov. David Paterson’s proposal to increase doctor oversight and prevent misconduct has a good chance of passing this session — but with changes. Assembly Health Committee Chairman...
N.Y. County to Contractors: Prove Workers Are in U.S. Legally
May 16 2008 // A new law has been passed requiring all of Suffolk County’s (New York) 17,000 licensed contractors to prove their workers are in the United States legally. Critics claim the legislation — passed by the county...
N.Y. Gov. Paterson Seeks Stronger Oversight to Catch Bad Doctors
May 15 2008 // New Yorkers would be let in on the secret when their doctor is charged with misconduct under a proposal by New York Gov. David Paterson. The measure would end the protection for doctors against disclosure of the charges...
New York Agents Want to Rein in State Workers’ Comp Insurer
May 9 2008 // A trade group for New York insurance agents wants to rewrite the laws governing the New York State Insurance Fund – a nonprofit state agency which is New York’s largest workers’ compensation insurer...
CRM First Quarter Reflects Self-Insured Group Closings in N.Y.
May 7 2008 // Workers’ compensation insurance firm CRM Holdings, Ltd. reported that net income increased 71.7% to $5.0 million, from $2.9 million a year ago, but fee income plummeted due in part to the closing of CRM’s...
N.Y. City Wants U.S. To Pay 9/11 Health Care Costs
May 5 2008 // New York City Mayor Michael Bloomberg has called on the federal government to pay $150 million a year in medical bills for workers and residents who suffered health effects from the Sept. 11, 2001, attacks. After the World...
N.Y. to Lower Reservoirs to Reduce Flood Risk for Delaware River Towns
May 5 2008 // At the request of Pennsylvania Gov. Ed Rendell, New York City has agreed to release more water from its reservoirs in the Catskills in an effort to reduce the danger of flooding in communities downstream along the Delaware...
Travelers Personal Lines Consolidation Hits N.J., Mass., N.Y.
May 5 2008 // Travelers Insurance is consolidating some of its personal lines business center activities across the country, a plan that will mean fewer jobs in Massachusetts and New Jersey but more in upstate New York. Travelers...
People
May 5 2008 // Charlotte, N.C.-based wholesale insurance broker AmWINS Group, Inc. has named James Drinkwater president of its AmWINS Brokerage division. Drinkwater will be responsible for the day-to-day management of the division. Prior...
N.Y. Landlord Liable for Injury to Tenant’s Contractor Under ‘Strict Liability’
May 5 2008 // New York’s highest court has ruled that a Manhattan high-rise owner is liable for injuries to a tenant’s workman, even though the worker was hired without the landlord’s consent in violation of the...
