Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. City Urged to be Ready for Major Hurricane
Jun 13 2007 // Homeland Security Secretary Michael Chertoff has warned that America’s largest city needs to be prepared for a hurricane powerful enough to cause serious flooding in lower Manhattan and elsewhere. “It’s...
Ratings Roundup: NY Marine (NYMAGIC); Sooner
Jun 13 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit ratings (ICR) of “a” of New York Marine Group and its members, New York Marine And General...
Marsh & McLennan Blasts N.Y. Post Criticism of Ad Photos
Jun 12 2007 // Marsh & McLennan Companies has vigorously defended its use of photographs in a recent ad campaign against the suggestion by a New York newspaper that they contain images of the Twin Towers of the World Trade...
N.Y. State, Towns Plan Insurance Fraud Prevention Day for June 27
Jun 12 2007 // New York Governor Eliot Spitzer, New York City Mayor Michael Bloomberg along with more than 30 mayors and town supervisors throughout the state have proclaimed June 27 as Insurance Fraud Prevention Day in support of the...
First Cardinal Reports Hirings, Promotions at N.Y. Headquarters
Jun 11 2007 // Workers compensation administrator First Cardinal LLC announced the hiring and promotion of several employees at its Latham, N.Y. headquarters. Christine D. Bentsen has joined the accounting department as a senior...
N.Y. Businesses Renew Call for Reform of ‘Scaffold Law’
Jun 8 2007 // Business associations and groups representing New York’s agriculture sector and construction industry have again urged Governor Eliot Spitzer and state legislators to reform New York’s so-called “scaffold...
N.Y. Boat Safety Bill Advances
Jun 8 2007 // The New York State Senate has passed legislation its backers promise will strengthen New York’s navigation laws to improve public boating safety. The measure, (S.4242), sponsored by Senator Betty Little...
N.Y. Paralegal Accused of Practicing Insurance Law Without License
Jun 7 2007 // A former paralegal at a New York law firm has been indicted on charges of posing as a licensed attorney and stealing more than $284,000 from his employer. Brian Valery practiced law at Anderson Kill & Olick for about...
Prosecutors Say New York Insurer Falsely Billed for Brain Surgeries
Jun 5 2007 // Four New Yorkers defrauded a health insurance company by making false claims for brain operations, sometimes for the same person on multiple occasions, authorities said. One 36-year-old Manhattan man even claimed nine...
Authorities Make Arrests in NYC Terror Plot at JFK Airport
Jun 5 2007 // Federal authorities announced they had broken up a suspected Muslim terrorist cell planning a “chilling” attack to destroy John F. Kennedy International Airport, kill thousands of people and trigger an economic...
People and Places
Jun 4 2007 // Emeryville, Calif.-based Commodore Insurance Services Inc. appointed Mark Cravens president. Cravens was recently with Wellington Underwriting, which was acquired by Catlin, where he led development of catastrophe modeling...
Personal Lines LEADERS
Jun 4 2007 // About the Personal Lines Leaders: The Personal Lines Leaders in this special feature are taken from Insurance Journal’s Top 100 Property Casualty Independent Agencies as reported in April. This list utilizes only the...
People
Jun 4 2007 // New York Superintendent of Insurance Eric Dinallo announced the appointment of 11 senior executives to positions on the Insurance Department’s leadership team. Kermitt J. Brooks has been named first deputy...
People
Jun 4 2007 // Emeryville, Calif.-based Commodore Insurance Services Inc. appointed Mark Cravens president. Cravens was recently with Wellington Underwriting, which was acquired by Catlin, where he led development of catastrophe modeling...
Personal Lines Leaders
Jun 4 2007 // Agency Name 2006 Personal Personal Total 2006 Main Office Main Office Web site Lines Lines P/C Premiums City State Premium Revenue Written 1 Keystone Insurers Group $316.0 million $39.5 million $790.0...
Ratings Roundup: Safeco; GNY Group; American Road; Auto Owners
May 31 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit ratings (ICR) of “a+” of the Safeco Insurance Companies and its members. Best has also...
N.Y. Gov. Spitzer Vows to Modernize State’s Financial Services Regulation
May 31 2007 // New York Governor Eliot Spitzer has created a commission to identify ways for New York to enhance its status as a world financial capital by modernizing its regulatory scheme and perhaps merging state regulation of...
Let Ground Zero Rebuilding Begin: Spitzer Brokers Settlement with 7 Insurers
May 23 2007 // New York Governor Eliot Spitzer and Insurance Superintendent Eric R. Dinallo announced that they have negotiated a $2 billion settlement between Silverstein Properties and seven insurance companies covering all outstanding...
Jury Awards $11.4 Million to Victims in N.Y. Diocese Sex Abuse Case
May 23 2007 // Several civil lawsuits have arisen from allegations of sexual abuse in the Roman Catholic church, but few have gone to trial. Most were settled out of court. In what victims’ lawyers called a powerful message to the...
2007 Property/Casualty State Specialist Insurers
May 21 2007 // 1 Brickstreet Mutual Insurance Co. WV 765,963 2 Texas Mutual Insurance Co. TX 743,095 3 Old American Cty Mutual Fire Insurance Co. TX 491,641 4 SAIF Corp. OR 449,794 5 Universal Property & Casualty...
