Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
People
Apr 23 2007 // Doug Eden has joined Main Street America Group as senior vice president, field operations. Eden will be a member of the company’s senior management team based at its corporate headquarters in Jacksonville, Fla., and...
News Currents
Apr 23 2007 // Insurers fight impression their big profits are at claimants’ expense The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65...
Business Moves
Apr 23 2007 // AXIS Capital, Media/Pro AXIS Capital, a global specialty commercial property and casualty insurer and reinsurer, has agreed to acquire the assets and operations of Media/Professional Insurance (Media/Pro), a managing...
N.Y. Hospital, Upset Over Claims Denials, Accuses HMO of Racketeering
Apr 20 2007 // A hospital network tired of having its bills challenged by HMOs has decided to play rough. Its members are suing two of the region’s largest health insurers, claiming each tried to weasel out of paying for millions...
Neighbors Seek to Drain N.Y. City’s Water Reservoirs to Stem Flooding
Apr 20 2007 // Ten lawmakers want to drain off some of the massive reservoirs holding New York City drinking water, claiming lower water levels will help prevent flooding in riverside communities. House lawmakers from Pennsylvania, New...
N.Y. Senate Confirms Dinallo as Insurance Superintendent
Apr 19 2007 // The New York State Senate has confirmed Governor Eliot Spitzer’s nomination of Eric Dinallo as the new superintendent of the New York State Insurance Department. He has been serving as acting superintendent since...
O’Neil Joins Kinloch Holdings as EVP
Apr 18 2007 // New York-based Kinloch Holdings, Inc., a newly formed insurance brokerage holding company focusing on middle market clients, has named Thomas E. O’Neil as executive vice-president. Prior to joining Kinloch Holdings...
In Rare Move, N.Y. Jury May Decide Priest Sex Abuse Case
Apr 17 2007 // The United States’ sixth-largest Roman Catholic diocese is headed to trial this week in a $150 million lawsuit accusing church officials of recklessness for employing a youth minister who raped and sodomized...
N.Y. Contractor Questioned Over Asbestos Removal Conditions
Apr 11 2007 // Federal officials have proposed fining a contractor $57,000 for allegedly exposing employees to asbestos-related health problems at a suburban construction project. Aapex Environmental Services Inc. was cited for six...
Electrical Fire Shuts Nuclear Plant North of N.Y. City
Apr 11 2007 // A nuclear power reactor north of New York City will face tighter inspections after an electrical fault and fire in a transformer forced an automatic shutdown. The fire, which was extinguished in 15 minutes, was outside the...
Direct Mail? 63 Years Later, Letter Returned to Maine Insurer
Apr 10 2007 // A letter that was sent from an insurance company office in Portland, Maine, but never delivered has been returned to the sender — 63 years after it was mailed. A mail carrier returned the letter two weeks ago to a...
Partners General Agency to Open N.Y. Office Headed by McPhillips
Apr 10 2007 // Partners General Insurance Agency (PGIA), a California based managing general underwriter, said it will soon open an office in New York to serve its wholesale producers on the East Coast. Partners General Insurance Agency...
Tower Completes Acquisition of Northeast Insurer, Preserver Group
Apr 10 2007 // Tower Group, Inc. reported that it has completed the acquisition of Preserver Group, Inc., a New Jersey based property and casualty insurer. This transaction was previously announced on Nov. 14, 2006. Preserver Group, Inc....
Two charged in bicoastal restaurant insurance brokerage scam
Apr 9 2007 // A Canadian man has been extradited to the United States to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, Acting New York Insurance Superintendent...
Insurers fight impression their big profits are at claimants’ expense
Apr 9 2007 // The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent. St. Paul Travelers’ earnings rose sixfold in the fourth quarter,...
Two charged in bicoastal restaurant insurance brokerage scheme
Apr 9 2007 // A Canadian man has been extradited to the U.S. to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, according to Acting New York Insurance Superintendent...
N.Y. insurer compensates credit report breach victims
Apr 9 2007 // New York Attorney General Andrew M. Cuomo has negotiated a settlement affecting nearly 400 New York consumers whose credit reports were unlawfully accessed by an insurance company. Under the settlement, Administrators for...
News Currents
Apr 9 2007 // Two charged in bicoastal restaurant insurance brokerage scheme A Canadian man has been extradited to the U.S. to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance...
Business Moves
Apr 9 2007 // Nurses RRG, Florida Nurses Association Sophia Palmer Nurses Risk Retention Group, Inc. will offer malpractice insurance to Florida nurses in partnership with the Florida Nurses Association. The newly formed Risk Retention...
Editor’s Note: Take care of yourself and others
Apr 9 2007 // It could be argued that the RadioShack employees (if the charges prove to be true) were acting out of ignorance or they just didn’t care. It sounds like that argument would not apply to the insurance company, which...
