Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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)...
N.Y. Court: Religious Groups’ Medical Plans Must Cover Contraceptives
Oct 24 2006 // Catholic and other religious social service groups must provide contraceptive coverage through their workplace-sponsored medical insurance programs even if they consider contraception a sin, according to a ruling by New...
Barry to Head Media Relations for Insurance Information Institute
Oct 24 2006 // The Insurance Information Institute has named Michael F. Barry as director of Media Relations. In this role, Barry will be developing strategic communications and will serve as a spokesperson for the institute. He will...
Comp Administrator First Cardinal Adds Staff at N.Y. Headquarters
Oct 24 2006 // Workers compensation administrator First Cardinal LLC has hired several new employees at its Latham, N.Y. headquarters. Stacy Anuszewski, of Saratoga Springs, N.Y., has joined the claims department as claims...
Pennsylvania pursues backup role as ‘Wall Street West’
Oct 23 2006 // Pennsylvania is trying to convince the nation’s top financial services and insurance companies to establish backup operations in the state so that markets can recover quickly in the event of another terror strike on...
Declarations
Oct 23 2006 // Virginia flooding “I really feel for the business owners in the heart of downtown who have fought so hard to come back after Floyd in 1999.” Virginia Gov. Timothy M. Kaine in declaring a statewide emergency...
Business Moves
Oct 23 2006 // OneBeacon, QBE OneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a wholly owned division of QBE Insurance Group Ltd., for...
Editor’s Note: Thin ice
Oct 23 2006 // Identity theft costs American businesses and consumers a reported $50 billion, and victimizes an estimated 10 million people in the United States each year, according to the Federal Bureau of Investigation. While those...
Insurance charity foundation opens in N.Y.; plans national expansion
Oct 23 2006 // A California organization seeking to be a collective voice for insurance industry philanthropy has launched a New York division, kicking off what it hopes will become a nationwide expansion. The Insurance Industry...
Judge Denies N.Y. City Immunity for Ground Zero Lawsuits
Oct 19 2006 // The city and its contractors are not immune from lawsuits brought by emergency workers sickened after toiling amid toxic dust at ground zero, a judge ruled, clearing the way for what he said should be the speedy resolution...
Craane Joins Swett & Crawford in N.Y.
Oct 17 2006 // Specialty lines broker Bill Craane has joined the New York office of wholesaler Swett & Crawford. Since 2001 Craane has been with American E&S where he specialized in construction risks from Connecticut to...
California Leads Nation in Hybrid Ownership; Travelers Offers Discount
Oct 17 2006 // Travelers is now offering a 10 percent discount on auto insurance for California owners of Hybrid vehicles. According to the company, Californians registered 52,619 new hybrid vehicles in 2005. At a distant second, Florida...
N.Y. Commercial Realty Firm Forms Captive Insurer
Oct 10 2006 // SL Green Realty Corp., a major owner of commercial office properties in Manhattan, has formed Belmont Insurance Co., an insurance captive licensed in New York State. It was formed to insure a portion of SL Green’s...
Insurance Charity Foundation Opens in N.Y.; Plans National Expansion
Oct 10 2006 // A California organization seeking to be a collective voice for insurance industry philanthropy has launched a New York division, kicking off what it hopes will become a nationwide expansion. The Insurance Industry...
New Markets
Oct 9 2006 // Liability Long Term Care Facilities Nuts & Bolts: Houston, Texas-based London American Risk Specialists Inc. is offering CareSurance, a new liability insurance program designed to meet the needs of skilled, assisted...
Business Moves
Oct 9 2006 // Safeco moves to New York Stock Exchange, to Lay off 240 Seattle-based Safeco intends to list its common stock on the New York Stock Exchange (NYSE). Safeco anticipates the trading of its common stock to commence on the...
Soft Market, Globalization Spurs Need for Well-Educated D&O Underwriter
Oct 6 2006 // “Today it’s a tough time to be a director and officer, and that means it’s a tough time to be a D&O underwriter,” according to Doug Poetzsch, senior vice president, head of specialty claims for...
