Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
People
Feb 24 2008 // San Diego-based Barney & Barney LLC named Jim O’Connell principal. He also will serve as director of development for programs, specialty insurance solutions. In that role, he is responsible for both regional and...
N.Y. Court: Insureds Can Sue For Consequential Damages
Feb 20 2008 // A new ruling by the New York Court of Appeals could open the door for breach of contract suits against commercial property insurers – a move two dissenting judges warned could raise the price of insurance for...
N.Y. Regulator to Weigh Split of FGIC’s Bond Insurance Business
Feb 19 2008 // New York regulators are eager to consider splitting Financial Guaranty Insurance Co.’s core bond insurance businesses to protect municipal credit ratings against costly downgrades and stem troubles in the debt...
New York State to Launch Bid Bond Program
Feb 19 2008 // New York’s minority- and women-owned businesses could have an easier time getting surety bonds needed for state and private contracting work under an ambitious program that will launch in New York City later this...
Spitzer Proposes $20 Surcharge for N.Y. Auto Insurance Policies
Feb 14 2008 // N.Y. Governor Eliot Spitzer has proposed upping the current surcharge on Empire State auto insurance policies by $15 as part of his statewide budget plan. That increase would raise to $20 the surcharge on any New York auto...
N.Y. Junkyard Owner Charged in Scheme to Insure Illegal Aliens
Feb 14 2008 // A N.Y. junkyard owner has been charged with masterminding a scheme to sell high-mileage vehicles to illegal aliens and then insure the vehicles through his own garage policy. Officials said 61-year-old William Hrazanek of...
With Law Changed, Chubb Now Offers Home Invasion Coverage in N.Y.
Feb 12 2008 // It took a new state law but the Chubb Group of Insurance Companies has begun to offer coverage for home invasions, child abductions, car jackings and stalking threats as part of its homeowners policies sold in New York...
New York Fire Dept Unveils Largest-Ever Fire Safety Campaign
Feb 12 2008 // The Fire Department of New York is unveiling the largest fire safety campaign in its history. The Sound the Alarm campaign was prompted by a fire in the Bronx that took the lives of nine children and an adult last March....
Up in Smoke No More
Feb 10 2008 // States aim to prevent residential fires by requiring ‘fire safe’ cigarettes Movies — think Lauren Bacall and Humphrey Bogart in “The Big Sleep” — often make cigarette smoking look glamorous. Of...
States Look to Curb Text-Messaging Drivers; Could GPS Users Be Next?
Feb 10 2008 // Text messaging is all the rage. Hopefully, not a road rage. An increasing number of state lawmakers are concerned by the rash of accidents caused by text-happy drivers. Although many states already have laws that require...
N.Y. Hosts ‘Free Shredding Day’ to Promote Identity Protection
Feb 7 2008 // Zainab Chaudhry held onto her father’s tax documents for years after his death, for fear the sensitive information they contained about her family might get into the wrong hands. On Tuesday, she finally got a chance...
N.Y. Bond Insurer Rescue Plan Seen as a Tough Sell but Important
Feb 1 2008 // Advisory firm Perella Weinberg Partners, hired by New York state to help find investment capital for cash-strapped bond insurers, is facing both skeptical lenders and time constraints. The situation is so dire, however,...
N.Y. Agents and Insurers Laud Workers’ Comp Loss Cost Rating Bill
Feb 1 2008 // New York State agents and insurers praised the passage late last month of a key workers compensation reform that will extend the rate-making authority of the New York Compensation Insurance Rating Board, and move the...
N.Y. Insurance Fraud Arrests Are Up
Jan 27 2008 // Investigations by New York’s insurance frauds bureau led to over 700 arrests last year, a 17 percent increase from 2006, according to an annual report from the state insurance department. The bureau, established in...
NSM Insurance Acquires N.Y.-Based Clean Street Program Manager
Jan 25 2008 // NSM Insurance Group in Conshohocken, Pa. has acquired the Pavement Maintenance Insurance Agency (PMI), program administrator for the Clean Streets Program. Scott Cerosky, president of PMI, has assumed the role of director...
New York Insurance Ad Rules Make for Longer Phone Books
Jan 24 2008 // New York agents looking to spruce up their advertisements better pay attention to the list of insurers they represent. And their insurers’ addresses. That’s because any agent or broker that lists in advertising...
N.Y. Panel Urges London-Style Financial Services Regulation
Jan 23 2008 // A commission helping redraft the regulatory framework for New York’s finance industry is considering placing greater emphasis on “principles” than on strictly defined rules, Gov. Eliot Spitzer...
New York Increasing Efforts to Attract More Muni-Bond Insurers
Jan 22 2008 // The victory scored last month when the Empire State enticed Berkshire Hathaway to begin writing municipal bond insurance in New York is part of a larger strategy to help stabilize the faltering market for that coverage,...
Kenny Named Special Counsel to N.Y. Insurance Department
Jan 16 2008 // John J. Kenny, a former deputy chief of staff at the state’s liquidation bureau and adviser to Gov. Eliot Spitzer, has been named special counsel to Superintendent of Insurance Eric R. Dinallo. In his new role, Kenny...
New York Says Insurance Fraud Arrests Are Up
Jan 16 2008 // Investigations by New York’s insurance frauds bureau led to over 700 arrests last year, a 17 percent increase from 2006, according to an annual report released today by the state insurance department. The bureau,...
