Latest New York Headlines

N.Y. Gov. Pataki Names Ferrara to Chair Workers Comp Board

Aug 6 2006 // Former state Assemblywoman Donna Ferrara has been elevated by Gov. George Pataki to chairwoman of the 13-member state Workers’ Compensation Board, a post that will pay the Long Island Republican $120,800 a...

St. Paul Settles with Conn,. Ill., N.Y. Attorneys General Over Broker Compensation

Aug 1 2006 // The St. Paul Travelers Companies Inc. has entered into a $77 million settlement with the attorneys general of New York, Connecticut and Illinois, as well as with the New York State Department of Insurance, resolving issues...

N.Y. Fraud Fighting Pays Off; Medical Pros Charged in Latest Scam

Aug 1 2006 // A physician, a medical clinic owner and others are accused of a multimillion dollar auto insurance scam involving staged crashes and perpetrators who sought unnecessary treatment at facilities that were part of the scheme,...

Insurance Journal Series ‘The Commissioners’ Presents Interviews with 15 State Regulators

Jul 28 2006 // Reinsurance collateral, natural disaster plans, brokerage compensation disclosure, credit scoring, competition for insurance jobs—state insurance regulators across the country deal with these and many other...

Insurance Journal Presents Video Interviews with 15 State Insurance Commissioners

Jul 27 2006 // Reinsurance collateral, natural disaster plans, brokerage compensation disclosure, credit scoring, competition for insurance jobs—state insurance regulators across the country deal with these and many other...

N.Y. Cuts Time for Loss Runs

Jul 27 2006 // New York Gov. George Pataki has signed into law a bill that would cut in half agents’ wait time for commercial policy loss runs. The new law reduces the maximum time companies are given to supply loss runs upon...

Businessmen Pay Restitution to N.Y. Workers Comp Fund

Jul 26 2006 // Two Suffolk County, N.Y. business people who pleaded guilty in cases involving workers’ compensation fraud have paid The New York State Insurance Fund a total of more than $7,800 in restitution. Robert Ristenpadt,...

Safety Board: Ethan Allen Capsizing Caused By Too Many Passengers

Jul 26 2006 // The National Transportation Safety Board has determined that the probable cause of the capsizing of the Ethan Allen on New York’s Lake George last October was the vessel’s insufficient stability to resist the...

Broker Security Breach Puts N.Y. Workers’ Comp Clients at ID Risk

Jul 26 2006 // The names, addresses and Social Security numbers of as many as 540,000 injured workers have been lost, and the state and a contracted company are trying to protect the workers from identity theft. In New York, company and...

People and Places

Jul 24 2006 // Colemont Insurance Brokers has promoted Elizabeth Dalla-Valle assistant vice president of its Atlanta office. She has experience both as an underwriter and as a wholesaler. Dalla-Valle joined Colemont in 2001. She has more...

Jul 24 2006 // People The Independent Insurance Agents & Brokers of America (Big ‘I’) has added Thomas C. Koonce as assistant vice president for federal government affairs in its Capitol Hill office. He joins two fellow...

Declarations

Jul 24 2006 // Return for credit “But we will be back.” Delaware Insurance Commissioner Matthew Denn on the state Legislature’s failure this session to pass his measure restricting the use of credit scores in insurance...

N.Y. blasts ‘anemic’ workers’ comp anti-fraud efforts

Jul 24 2006 // New York officials have denied a requested 7.5 percent hike in workers’ compensation premiums and criticized what they termed carriers’ ‘anemic’ efforts in combating fraud in doing so. The decision...

N.Y. lawmakers disappoint on property insurer; avoid workers’ comp reform

Jul 24 2006 // The New York State Legislature’s most recent session will be remembered by insurance lobbyists more for what did not get accomplished than for what did. The Republican-controlled Senate and the Democrat-led Assembly...

Lloyd’s: Stakes ‘Huge’ But Manageable If Major Hurricane Hits New York State

Jul 19 2006 // A Northeast hurricane hitting New York state could result in insured losses of $65 billion, Lloyd’s America President Wendy Baker warned today. “The stakes are huge,” Baker said in a speech to the...

Tobin Named N.Y. Deputy Counsel

Jul 18 2006 // New York Superintendent of Insurance Howard Mills has appointed Michael J. Tobin as the New York State Insurance Department’s deputy general counsel. He assumes his new post immediately and will report to Susan...

N.Y. Nixes Workers’ Comp Hike; Blasts ‘Anemic’ Anti-Fraud Efforts

Jul 18 2006 // New York officials have denied a requested 7.5 percent hike in workers compensation premiums and criticized carriers’ attitude towards combating fraud in doing so. The decision means rates will not be going up in...

N.Y. Dad Admits Helping Son with Car Insurance Scam

Jul 14 2006 // A 57-year-old man admitted pulling off an insurance scam with his son, a former college student who faces up to 157 years in prison for federal drug and weapons crimes. Gerald Thomas Sr., of Norwich, pleaded guilty this...

Park Group Announces Promotions in Bermuda, London

Jul 13 2006 // The Park Group recently announced internal appointments and changes to its management structure. According to the Group’s written statement, “these changes bring our best talent to the forefront of our...

N.Y. Speaker’s Law Firm Seeks People Injured in State Parks

Jul 12 2006 // The personal injury law firm where New York State Assembly Speaker Sheldon Silver practices is pitching its services to people injured at state parks. A section of the Weitz & Luxenberg firm’s Web site devoted...