Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Developer Alleges Conseco Rigged Sale of N.Y. Building
Aug 15 2006 // Billionaire real-estate developer Sheldon H. Solow filed a federal lawsuit last week against insurer Conseco Inc. and one of its subsidiaries, alleging an auction to sell the General Motors Building in Manhattan in 2003...
N.Y. Looks to Speed Comp Benefits to Ill 9/11 Rescue Workers
Aug 15 2006 // New York State has adopted a trio of laws designed to speed workers’ compensation benefits for workers and their families with claims related to 9/11 rescue efforts. The first new law enables many workers who became...
American Financial Announces Agreement to Sell New York Assets
Aug 14 2006 // Cincinnati-Ohio-based American Financial Group, Inc. today announced that it has reached an agreement to sell certain of its New York real estate assets. The sale is expected to close late in the third quarter or in the...
GlaxoSmithKline Settles Claim of Inflating Prices on Cancer Drugs
Aug 14 2006 // GlaxoSmithKline Inc. has agreed to pay more than $41 million in restitution to end claims by more than 40 states that it inflated the prices of drugs used by cancer patients and others. The settlement announced last...
West Named President of NIF Adirondack
Aug 10 2006 // Manhasset, New York-based NIF Group, Inc., a program administrator and general agecy, has named Robert West has president of NIF Adirondack, a branch office. Prior to joining NIF Group, West was manager of the New York...
Eastern Dentists, Medical Protective Target N.Y. Market
Aug 10 2006 // Eastern Dentists Insurance Company, a dental society risk retention group, and professional liability insurer Medical Protective have formed an alliance to provide New York dentists and oral surgeons with professional...
Reinsurance Collateral Changes Should Result in Savings, Says N.Y. Regulator
Aug 7 2006 // Any changes to state reinsurance collateralization rules for non-U.S. reinsurers should be judged on whether they produce savings that can be passed along to consumers, in the view of one influential state...
ETHAN ALLEN CAPSIZING IN N.Y. BLAMED ON TOO MANY PASSENGERS
Aug 7 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 that it carried 48 persons when it should have carried...
People and Places
Aug 7 2006 // The Insurance Information Institute has promoted Dr. Robert P. Hartwig to president; Dr. L. James Valverde Jr. to vice president of Economics and Risk Management; and announced the retirement of Gordon Stewart,...
People and Places
Aug 7 2006 // The Insurance Information Institute has promoted Dr. Robert P. Hartwig to president; named Dr. L. James Valverde Jr. as vice president of Economics and Risk Management; and announced the retirement of Gordon Stewart,...
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...
