Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Firefighters’ Estates to Sue for $180M over Fatal Tower Fire
Nov 15 2007 // The families of two New York firefighters killed in a blaze in a government-owned skyscraper plan to sue the state and the city for $180 million charging the incompetence of multiple agencies caused their deaths. The...
NY Mayor Sets Deadlines for Upgrading U.N. Fire Safety
Nov 15 2007 // New York City Mayor Michael Bloomberg has threatened to keep school children from visiting the United Nations unless the world body upgrades its fire and emergency plans by early next year. The 17-acre complex has...
Marquis Agency Acquires N.Y.-Based Lucas & Dake
Nov 12 2007 // The Marquis Agency of Woodbridge, N.J., acquired Lucas & Dake Co. Inc. of Rochester, N.Y. The new agency will be called Marquis Lucas Dake. Terms of the transaction were not disclosed. The Marquis Agency is a...
N.Y. Escort Service Operator Facing Sentencing for Insurance Fraud
Nov 9 2007 // An escort service operator who used female associates to stage auto accidents and collect on insurance claims faces five to 10 years in prison following his guilty plea Oct. 29 on two counts of felony insurance fraud,...
Deutsche Bank-Fire Lesson: Increase N.Y. City Fire Inspections
Nov 9 2007 // Firefighters will inspect city buildings for three more hours a week and submit reports higher up the chain of command after a review prompted by the August fire that killed two firefighters at a ground zero skyscraper,...
Hudson Valley N.Y. Agents Honor Main Street America Group’s Scaglione
Nov 8 2007 // The Professional Insurance Agents of New York State Inc. selected Kathleen Scaglione as the Hudson Valley Regional Awareness Program’s Executive of the Year. The award was presented at the fifth-annual Hudson Valley...
N.Y. Weighs Having Residual Insurer NYPIUA Offer Surety Bonds
Nov 8 2007 // New York is considering having its residual market property insurance association offer surety bonds. Superintendent of Insurance Eric R. Dinallo said he will hold a public hearing to determine whether he will require the...
N.Y. Insurance Department Advances First Principles-Based Regulation
Nov 5 2007 // New York Insurance Superintendent Eric Dinallo today released a draft regulation that he says would make the New York Insurance Department the first in the nation to establish principles-based regulation. The draft...
Lloyd’s Holds Conference on Terrorist Threats in New York
Nov 5 2007 // Threats from terrorists have become a subject nobody can ignore – least of all the insurance industry. To meet those threats requires knowing who the terrorists are and how they operate. Lloyd’s recent seminar...
Insurance charitable giving leaders to gather in N.Y. on Dec. 5
Nov 4 2007 // The Insurance Industry Charitable Foundation will host its first annual dinner in New York on Wednesday, Dec. 5, 2007 at the Waldorf Astoria Hotel. New York City Mayor Michael Bloomberg will be the honoree and Martin J....
News Currents
Nov 4 2007 // N.Y. department prevails in liquidation bureau audit New York state’s highest court has ruled that the state auditor does not have the authority to audit an obscure division of a state agency managing $3.3...
British D&O insurer asks N.Y. court to confirm that former Tyco chief owes $2 million
Nov 4 2007 // A British insurance company has asked a New York state court to confirm an arbitration award that directs imprisoned corporate thief L. Dennis Kozlowski, former head of Tyco International Ltd., to pay nearly $2 million...
N.Y. weighs damages for fake ID sellers
Nov 4 2007 // New York elected officials say they want to hold sellers of fake identification cards liable for damages caused by their underage customers if alcohol was involved. State Sen. Jeff Klein is among those calling for new...
People
Nov 4 2007 // Valiant Insurance Group Inc. announced that John N. DiBlanda has joined its U.S. property and casualty insurance operations as chief financial officer and chief operating officer. Prior to joining Valiant, DiBlanda served...
N.Y. court set to rule in key underinsured motorist benefits case
Nov 4 2007 // Whether serious injury is required to be demonstrated for an insured to be entitled to supplementary underinsured motorist benefits (SUM) was recently argued before New York’s Court of Appeals. On October 9, 2007,...
News Currents
Nov 4 2007 // Collateral conundrum: To change or not to change N.Y. steps out as first state to deliver level playing field for all reinsurers New York State Insurance Superintendent Eric Dinallo’s proposal that the highest rated...
States under cover
Nov 4 2007 // Natural catastrophes — and the affordability and availability of property insurance in disaster-prone areas — have been on center stage in coastal states from the Northeast to the Gulf Coast. This fall, the...
Liberty Mutual to Re-quote 3,305 Dropped Coastal Home Policies in N.Y.
Nov 1 2007 // Some 3,305 coastal residents in New York whose homeowners insurance policies had not been renewed by Liberty Mutual partly because they did not have other policies with the company – such as life or automobile...
Insurance Industry Charitable Giving Leaders to Gather in N.Y.
Oct 29 2007 // The Insurance Industry Charitable Foundation will host its first annual dinner in New York on Wednesday, Dec. 5, 2007 at the Waldorf Astoria Hotel. New York City Mayor Michael Bloomberg will be the honoree and Martin J....
N.Y. Proposal Prompts States to Rethink Regulation of Reinsurers
Oct 25 2007 // As the reinsurance industry increasingly moves offshore, U.S. insurance regulators are rethinking current rules that require only non-U.S. reinsurers to post collateral equal to the full amount of their liabilities to U.S....
