Latest New York Headlines

N.Y. Car Repair Shops Can Rebate Deductibles

May 5 2008 // Allowing car repair facilities to pay all or part of a deductible to an insured does not constitute a rebate prohibited under New York law, lawyers for the state’s insurance department have decided. The reasoning?...

New York: Workers’ Comp Insurers Can Stop Security Fund Payments

May 2 2008 // Workers’ compensation insurers in New York can cease making payments into the state’s security fund for that coverage, now that the fund has amassed at least $74 million in assets, the Insurance Department...

New York Agents’ Group Gets New Lobbyist

Apr 30 2008 // Jill R. Muratori has joined Albany-based Barrett Associates as its new vice president and counsel, and will serve as a lobbyist for the Independent Insurance Agents and Brokers of New York. It will be familiar ground for...

Ironshore Approved as E&S Insurer in New York

Apr 28 2008 // The Excess Line Association of New York has approved Ironshore Insurance Ltd. as an eligible excess and surplus lines insurer in the Empire State. Ironshore – a Hamilton, Bermuda-based specialty insurer with roughly...

N.Y. High Court Says Landlord Liable for Injury to Tenant’s Contractor

Apr 28 2008 // New York’s highest court 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 lease. The...

Construction Worker Hurt in Scaffold Fall at NYC Arts Center

Apr 25 2008 // Only hours after New York City announced plans to ratchet up scrutiny of construction dangers, a construction worker was seriously hurt in a 25-foot plunge off a scaffold at Lincoln Center for the Performing Arts,...

New York: Car Repair Shops Can Rebate Deductibles

Apr 22 2008 // Allowing car collision repair facilities to pay all or part of a deductible to an insured does not constitute a rebate prohibited under New York law, lawyers for the state’s insurance department have said. The...

It Figures

Apr 21 2008 // $40 Million Increased amount in assessments levied on New York insurers as part of the Empire State’s 2008 budget, a 20 percent increase in the fees. The assessments come on top of a mandatory 2 percent premium tax...

People

Apr 21 2008 // Agency Specialty Product Network, a unit of Aon Corp., has named five new regional vice presidents. Rob Romano will head the Northeast Region, which comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island,...

N.Y. Insurers Not Happy Over $40 Million in State Levies

Apr 21 2008 // The New York Insurance Association is criticizing the state Legislature’s passage of the portion of the 2008 budget which hikes assessments on insurers by $40 million — a 20 percent increase over last year, the...

N.Y. Rifle Maker Ships Loaded Guns

Apr 21 2008 // A rifle manufacturer asked arms dealers nationwide to make extra safety inspections after discovering it had accidentally shipped four guns loaded with live ammunition. Henry Repeating Arms, a maker of lever-action rifles...

N.Y. Says Marsh, Willis Complying With Bid-Rigging Pact

Apr 21 2008 // Insurance brokers Marsh and Willis are complying with the terms of their 2005 bid-steering settlements reached with the New York Insurance Department, according to an auditor’s report released by the state. “To...

Apr 21 2008 // People Michigan-based J.M. Wilson recently announced three new staff members, Danielle Crandell, Eric Maus and Jeanne Callan. Crandell was hired as a transportation underwriter. She will service commercial trucking...

New Markets

Apr 21 2008 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Liquor Liability Coverage Nuts &...

N.Y. City to Lower Catskills Reservoirs to Reduce Flood Risk to Pa.

Apr 18 2008 // At the request of 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...

N.Y. City Mayor Wants U.S. to Cover Health Costs from 9/11

Apr 18 2008 // New York City Mayor Michael Bloomberg on Thursday called on the U.S. government to pay $150 million a year to cover medical bills for workers and residents whose health suffered due to the Sept. 11, 2001, attacks. The...

WKF&C Agency Expands to Texas

Apr 18 2008 // Melville, New York-based managing general agent, WKF&C Agency Inc., announced it is expanding its nationwide casualty underwriting platform with the opening of a new office in Dallas, Texas. Industry veteran and...

New York Senate Tweaks Medical Malpractice Insurance Requirements

Apr 16 2008 // The New York State Senate has passed a bill that lowers the required level of primary medical malpractice coverage that a doctor must have to qualify for the state’s Excess Medical Malpractice Liability Insurance...

Travelers Personal Lines Consolidation Affects N.J., Mass., N.Y.

Apr 15 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...

Safety Checks Ordered After N.Y. Rifle Maker Ships Loaded Guns

Apr 8 2008 // A rifle manufacturer asked arms dealers nationwide to make extra safety inspections after discovering it had accidentally shipped four guns loaded with live ammunition. Henry Repeating Arms, a maker of lever-action rifles...