Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Power shift in the political landscape
Nov 19 2006 // Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic candidates wrest control of both houses of Congress, gain a majority of the governorships and take control...
Chicago Fort Dearborn Life Announces Intent to Acquire N.Y. Company
Nov 17 2006 // Chicago-based Fort Dearborn Life Insurance Co., a subsidiary of Health Care Service Corporation (HCSC), a Mutual Legal Reserve Company, has announced the signing of a letter of intent to acquire a New York domiciled life...
AIG’s Decker Named Chairman of Marine Association
Nov 16 2006 // American Institute of Marine Underwriters (AIMU) elected Richard J. Decker, president of AIG Global Marine, as chairman. He succeeds Robert V. Huffert, senior vice president and manager of the ocean marine department and a...
N.Y. City Sues to Block Major Health Insurance Merger
Nov 15 2006 // New York City officials are trying to stop a major health-insurance merger, saying it would create a near-monopoly. New York City filed court papers Monday to prevent the region’s biggest nonprofit insurers — GHI...
N.Y. Unveils New Auto Premium Guide, Online Premium Calculator
Nov 15 2006 // The New York State Insurance Dpartment has made available a 2006 Consumer Guide to Automobile Insurance online and in hard-copy form. The department hasalso added an online interactive auto insurance sample premium...
Verizon Wireless, Insurers Fined for Violations in Washington
Nov 15 2006 // Washington Insurance Commissioner Mike Kreidler has fined Verizon Wireless Services LLC of Bedminster, N.J., $25,000 for failing to sell service contracts under its legal corporate name, a violation of state insurance...
N.Y. City Loses Quick Bid to Block Health Insurers’ Merger
Nov 15 2006 // A judge on Tuesday refused a request by New York City officials to immediately stop the merger of two nonprofit insurance companies that provide coverage to city workers because it violates antitrust laws. U.S. District...
PIA Management Services Named A ‘Best Place to Work’ in N.Y.
Nov 14 2006 // PIA Management Services Inc. has been named one of New York Capital Region’s Best Places to Work by an area weekly business publication. The Business Review surveyed more than 125 companies and their employees to...
N.Y. Fines 21 Health Plans For Prompt Pay Violations
Nov 10 2006 // The New York State Insurance Department has levied fines totaling $310,300 against 21 health insurers and health maintenance organizations (HMOs) for violations of New York’s Prompt Pay Law. The violations and...
Industry Expects New Commissioners in Mass., Md., N.Y.
Nov 9 2006 // Newly-elected Democratic governors in Massachusetts, New York and Maryland are expected to name their own insurance commissioners, although the identity of any successors is unknown at this time, according to insurance...
Willis Adds to N.Y. Energy Team
Nov 9 2006 // Willis Group Holdings reported that Willis’ Energy Practice has recruited Frank D’Ambrosio and Jack Camillo to its New York service team. D’Ambrosio is former Senior Vice President and Offshore Property...
N.Y. Steps Up Safety for Macy’s Thanksgiving Day Parade
Nov 7 2006 // After accident, Macy’s tightens parade rules Received by Newsfinder from AP Nov 4, 2006 10:06 Eastern Time A year after two sisters were hit by debris from a lamppost, organizers of the Macy’s Thanksgiving Day...
Disability Insurer Signs ‘Model’ Pact With Spitzer Over Commissions
Nov 3 2006 // UnumProvident Corp. disability insurance company has ended what New York Attorney General Eliot Spitzer called deceptive practices and secret payments to brokers, according to a $15.5 million settlement announced this...
Syracuse, N.Y. Area Industry Honors AIG’s Hanesworth
Nov 3 2006 // Phyllis Hanesworth, senior claims representative for the Liverpool, N.Y. office of American International Group, Inc., was named the Insurance Person of Distinction during the 46th annual Syracuse Insurance Day Conference...
Flaherty to Succeed Keehfus as First Cardinal President, CEO
Nov 1 2006 // Latham, N.Y.-based First Cardinal LLC, a provider of third-party administrative services for workers’ compensation self-insurance groups, announced that co-founder and chief operating officer Richard S. Flaherty has...
Beazley Adds to Claims Team in N.Y.
Oct 30 2006 // Beazley, an insurer of specialty lines risks, has expanded its global specialty lines claims team with the addition of four professionals in the company’s newly opened New York office. Prior to joining Beazley, Peter...
Study Identifies High Costs of Doing Business in Mass.
Oct 30 2006 // A new study by a Boston-based think tank shows that Massachusetts firms in nine selected industries including financial services have costs that are on average 20 percent to 30 percent higher than similar companies in...
HUD Charges Erie, Agents with Unfair Bias; Erie Calls Charges ‘Misguided’
Oct 30 2006 // The U.S. Department of Housing and Urban Development has charged Erie Insurance Group and five independent insurance agencies with violating the Fair Housing Act. HUD alleges that they provided inferior insurance products...
Disaster Aid Cleared for Western N.Y. Towns Hit by Record Snowstorm
Oct 25 2006 // President Bush on Tuesday issued a major disaster declaration for western New York following a record-breaking snowfall in the Buffalo area earlier this month. The declaration triggers federal aid for uninsured losses to...
$8 Million N.Y. Program Aids Flooded ‘Main Street’ Properties
Oct 24 2006 // In an initiative targeted to upstate communities hardest hit by this summer’s flooding, The Community Preservation Corp. (CPC) in partnership with the New York State Department of Housing and Community Renewal (DHCR)...
