Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
N.Y. Lawmaker Says Safety Device is Harming Firefighters
Oct 10 2007 // A New York lawmaker is urging rigorous federal testing of a safety device linked to firefighter deaths and injuries. Sen. Charles Schumer said that the device, called a Personal Alert Safety System, or PASS, was used by a...
From the Big Apple to the Corn State
Oct 8 2007 // From the executive office of the Greater New York Mutual Insurance Companies on Madison Avenue in the heart of New York City, Warren Heck, chairman and chief executive officer, can see Illinois. “It’s...
Fired-up over safer cigarettes
Oct 8 2007 // Now 21 states require cigarettes to be self-extinguishing Cigarettes sold in 21 states will be self-extinguishing after a strikingly high 15 states passed new laws this year to combat smoking-related blazes, the No. 1...
N.Y. to issue driving licenses for illegal immigrants
Oct 8 2007 // New York State officials say a plan to provide driver’s licenses to illegal immigrants with valid foreign passports will enhance security by creating records of their identities. But critics say those records could...
News Currents
Oct 8 2007 // N.Y. to issue driving licenses for illegal immigrants New York State officials say a plan to provide driver’s licenses to illegal immigrants with valid foreign passports will enhance security by creating records of...
Fired-up over safer cigarettes
Oct 8 2007 // Cigarettes sold in 21 states will be self-extinguishing after a strikingly high 15 states passed new laws this year to combat smoking-related blazes, the No. 1 cause of home-fire deaths. “Fire-safe” cigarettes,...
Death Penalty Possible in N.Y. Life Insurance Killings
Oct 5 2007 // A New York federal jury is deciding whether two defendants will get the death penalty for a series of life insurance killings. Former postal worker Ronald Mallay and former insurance agent Richard James were convicted in...
