Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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....
De Blasio to Lead Kinloch’s Healthcare Practice
Oct 24 2007 // New York-based Kinloch Holdings, Inc., an insurance brokerage holding company focusing on middle market clients, named Bob De Blasio to lead its Healthcare Industry Practice. Prior to joining Kinloch, De Blasio was with...
Reinsurance Business of Towers Perrin Announces New Hires
Oct 23 2007 // Towers Perrin, a global professional services firm, announced that Leo Magrath, Lois Massa, Michael Brownsell and Nick DiPietra have joined the firm’s reinsurance business. Magrath has joined as an executive vice...
Insurers Oppose N.Y. Reinsurance Collateral Changes
Oct 22 2007 // The Property Casualty Insurers Association of America said that it is “strongly opposed to the recent proposal by the New York State Insurance Department that would reduce collateral requirements for that state (See...
Lloyd’s Welcomes N.Y.s Reinsurance Collateral Reform Proposal
Oct 19 2007 // Lloyd’s of London, which has been pressuring for a change in New York’s reinsurance regulation for years, reacted positively to the proposal by New York State Insurance Superintendent Eric Dinallo to amend the...
N.Y. Knicks’ Thomas Wants $11.6 Million Harassment Penalty Cut
Oct 19 2007 // Madison Square Garden and New York Knicks coach Isiah Thomas have asked a federal judge to drastically reduce the $11.6 million in punitive damages a jury awarded to a former Knicks executive after concluding she was...
Three N.Y. Siblings Awarded $2.5 Million in Lead Poisoning
Oct 18 2007 // Three Albany children poisoned by lead in their former apartment buildings were awarded $2.5 million in a legal settlement, attorneys said this week. Three of Maria Vasquez’ children were exposed to lead-based paint...
N.Y. Moves to Level Playing Field on Collateral for All Reinsurers
Oct 18 2007 // Non-U.S. reinsurers would no longer have to post collateral to operate in New York as long as they have the highest credit ratings. Also, all reinsurers — even U.S.-based — without the highest credit ratings would have...
D&O Insurer Asks N.Y. Court to Confirm Tyco Chief Owes $2 MIllion
Oct 17 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 Making Fake ID Sellers Liable for Damages
Oct 16 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...
N.Y. Insurance Department Prevails in Liquidation Bureau Audit
Oct 15 2007 // 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 billion dollars. The New York Court of Appeals ruled in favor...
Year After N.Y. Yankee Lidle’s Crash, Lawsuits Stretch Across Country
Oct 12 2007 // A federal safety panel concluded earlier this year that Yankees pitcher Cory Lidle died in a New York City plane crash because he and his instructor misjudged a turn. The finding has done little to settle the legal fights...
Agents Fear N.Y. Coast Insurance Market Worse; Pols Weigh Options
Oct 11 2007 // New York lawmakers are considering taking action to improve coastal insurance availability while insurance agents are telling them they fear market restrictions are worsening. Insurance companies, meanwhile, claim the...
N.Y. City Restarts Site Inspections, Uncovers Safety Problems
Oct 10 2007 // The New York City Fire Department has uncovered more than 120 fire hazards and shut down construction sites at twice the normal rate since it restarted its inspections program less than two months ago. After a deadly blaze...
