Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Berkshire Hathaway Gets Expedited License In N.Y. for Bond Insurer
Dec 28 2007 // Berkshire Hathaway will have its municipal bond insurance company licensed in New York much quicker than normally, the New York State Insurance Dept. said Friday afternoon. Superintendent of Insurance Eric R. Dinallo said...
Big Dig Victim’s Family Agrees to $6M Settlement with N.Y. Epoxy Maker
Dec 27 2007 // The family of a woman who was killed in the Big Dig tunnel collapse in Boston has agreed to a $6 million out-of-court settlement with the company that supplied the epoxy blamed for causing 26 tons of concrete ceiling...
People
Dec 23 2007 // Members of the National Association of Insurance Commissioners (NAIC) elected 2008 officers during their meeting in Houston. The newly elected officers, who will assume their duties following the completion of the NAIC...
N.Y. Worker’s Comp Reform Hits New Snafu Over Trust Fund
Dec 23 2007 // A state-run pool system to pay workers with permanent partial disabilities could erode the savings promised by New York’s landmark workers compensation reform, insurers warn, although some insiders say that those...
Fault Lines in N.Y. Workers’ Compensation
Dec 23 2007 // The debate over payments to the Aggregate Trust Fund is one, although by no means the only, workers’ compensation insurance reform that New York carriers want to see changed. “We were generally very pleased...
No Day at the Beach
Dec 23 2007 // Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an inactive hurricane season. For the most part, while policymakers debated, private markets went...
Workers Comp Fraud Sweep Nets 8 in N.Y.
Dec 21 2007 // The New York State Insurance Fund said a fraud sweep in Nassau County resulted in the arrests of eight people who allegedly took a combined $938,000 in fraudulent workers compensation benefits. The arrests came after a...
Report: N.Y. Emergency Radio Network Fails First Major Test
Dec 19 2007 // A $2 billion radio network intended to connect emergency responders throughout New York failed its first major test, a newspaper reported Tuesday. Buffalo chose to opt out of the system following what officials said were...
Rating Agencies Positive on ACE, Aon, Munich Re Deal for Combined, Sterling
Dec 18 2007 // The rating agencies have generally been positive about ACE’s acquisition of Aon’s Combined Life Insurance Company and Munich Re’s purchase of Sterling Life. The specific reactions were as follows: A.M....
N.Y. Universal Health Care Bill Unlikely In 2008
Dec 17 2007 // Much of the public says they want universal health care. Michael Moore made a movie about it. But no one has quite figured out how to pay for it and despite plans and plans to make plans, don’t look for anything...
N.Y. Laundry Business Faces Hefty OSHA Fines
Dec 12 2007 // Federal officials say an industrial laundry faces more than $160,000 in fines for failing to correct previously cited hazards and for additional workplace safety violations. The Occupational Safety and Health...
Emerson, Reid & Co. Acquires Benefitport MidAtlantic
Dec 11 2007 // New York-based Emerson, Reid & Co. said it has acquired N.J.-based general agent BenefitPort MidAtlantic for an undisclosed amount. The acquisition of BenefitPort, which distributes group products to small and large...
N.Y. Board Seeks Major Change in Workers Comp for Self-Insured
Dec 11 2007 // The New York State Workers’ Compensation Board has issued a new report that calls on lawmakers to make “sweeping changes” in the way self-insured claims are secured in the Empire State. The report...
N.Y. State Calls Off Bid Bonds Hearing
Dec 10 2007 // The New York State Insurance Department has called off a public hearing scheduled for later this week on whether the New York Property Insurance Underwriting Association should be required to provide a market for surety...
Coastal Insurance Reform The Top Issue For N.Y. Agents’ Group in 2008
Dec 7 2007 // Improvements to New York’s coastal property insurance program and a prohibition against denying some late-reported claims top the list of issues the Independent Insurance Agents and Brokers of New York said it will...
N.Y. Insurance Charitable Fund’s First Grants Help Injured Soldiers, Urban Poor, Environment
Dec 6 2007 // Wounded soldiers returning from Iraq and looking for jobs will be among those helped by contributions from a new tri-state insurance industry charitable foundation. The foundation also announced awards to a New York City...
Pension Payments – NY to Close Expected $2B Shortfall in Insurance Fund
Dec 5 2007 // Nearly 11,000 people around the state will continue to receive annual pension and injury payments in the next decade after the New York Liquidation Bureau arranged to cover a projected $2 billion deficit in the funds of a...
State Insurance Commissioners Honor N.Y. Regulator Rapacciuolo
Dec 3 2007 // The assistant deputy superintendent and bureau chief for the New York State Insurance Department has been honored by state insurance regulators from across the country. The National Association of Insurance Commissioners...
Consumer Group Says N.Y. Lags in Medical Malpractice Disclosure
Dec 3 2007 // New Yorkers know less about which doctors have been investigated for medical malpractice than people in other states do, and the agency responsible for disciplining physicians does little to root out misconduct and...
Baugh to Replace Glaser at AIG UK; Portalatin, Hernandez Move Up
Dec 3 2007 // Following the departure of Daniel Glaser to Head Marsh (See related article), American International Group announced the promotion of three executives in its Foreign General insurance operations. Alexander R. Baugh will...
