Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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,...
FDNY Modifies Inspection Schedule to Focus on Large Sites
Jan 15 2008 // The New York Fire Department has modified its inspection schedule to focus on larger and more complex construction and demolition sites in response to a deadly blaze in a condemned skyscraper. Under the revised plan, the...
Brokers’ Commissions at Issue in New York
Jan 15 2008 // For now, at least, New York insurance brokers are not legally required to disclose to clients the commissions they earn on policies they place, according to a new legal opinion released by the state’s insurance...
OSHA: No Violations in New York Roadway Blast Mishap
Jan 14 2008 // Workplace-safety regulators have cleared a construction company in a dynamite mishap that shattered windows, sent people running for cover and flung chunks of granite as far as a half-mile into a Westchester County, N.Y....
N.Y. Insurance Agency’s Computer Hacked to Gain Forged Insurance Docs
Jan 14 2008 // Police in New York have arrested a computer consultant who is charged with fraudulently printing an insurance certificate from an agency’s computer and using the document for his part-time snowplowing...
People
Jan 13 2008 // Giant insurance broker Marsh announced changes to its global organizational structure as well as several senior management appointments. Marsh said its global insurance broking business will be consolidated into two...
N.Y. Judge Rules Evidence in Celebrex Case Unreliable
Jan 11 2008 // A New York court has ruled that plaintiffs suing Pfizer Inc. over its pain medication Celebrex do not have reliable scientific evidence to prove the drug can cause heart attacks and strokes at the 200-milligram dose, the...
Lawsuit: N.Y. Patient Mistakenly Got HIV Medication
Jan 11 2008 // A liver transplant patient has sued New York University Medical Center for $2 million, claiming the hospital’s pharmacy gave him medicine for HIV, the virus that causes AIDS, when he tried to fill a prescription for...
Oddo Rejoins N.Y. Wholesaler Russell Bond
Jan 10 2008 // Jackie Oddo has rejoined Buffalo, N.Y.-based regional wholesaler Russell Bond as a professional liability broker, handling Management Liability, Professional and Environmental coverages. Oddo has 20 years of insurance...
Allstate Pays N.Y. Homeowners $995K for Plane Vibration Damage
Jan 9 2008 // Allstate Insurance Co. has agreed to pay $995,000 to a Brooklyn couple who claimed their house was badly damaged by vibrations caused by an Air France Concorde jet nearly five years ago. The couple, John and Annette...
Safer Roundabouts Sprouting Up All Over New York, Nation
Jan 8 2008 // New York drivers are increasingly finding themselves going in circles, and it’s not because they’re lost. Following a national trend, state transportation planners are actively turning right-angle intersections...
Fire Officials Blame Clutter, Nailed-Shut Door for Elderly N.Y. Couple’s Death
Jan 4 2008 // The elderly couple’s windows were barred, and their front door was nailed shut, apparently because the two feared for their safety. Inside, their home was filled with 5-foot-tall heaps of debris. The clutter and...
Top Insurance Stories in 2007
Dec 31 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
Top Insurance Stories in 2007 in East
Dec 31 2007 // New leaders tackled old issues and the region battled fire and rain. 1. No day at the beach Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an...
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...
