Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
III”s Stewart to Retire; Hartwig to Succeed
Jul 11 2006 // Gordon Stewart will retire December 31, 2006 from the Insurance Information Institute after 15 years as president of the organization. Dr. Robert P. Hartwig, senior vice president and chief economist of the I.I.I., was...
Deadly N.Y. Tour Boat Capsizing Leads to More Lawsuits
Jul 10 2006 // Last fall’s capsizing of a tour boat that killed 20 people on Lake George, N.Y., including 19 from Michigan, has led to two more lawsuits. One filed by the estate of Marjorie H. Perry, 77, Livonia, Mich., says the...
Tower Terminates PXRE Agreements
Jul 10 2006 // The New York-based Tower Group, Inc. announced that it has concluded, through commutation agreements, PXRE Reinsurance Company’s participation under various reinsurance agreements with Tower Insurance Company of New...
N.Y. Adds $25 Million in Flood Aid
Jul 10 2006 // New York State announced another $25 million in aid is being made available to residents and businesses in flood-stricken communities. That money is in addition to a $35 million aid package Gov. George Pataki announced...
N.Y. Agents Decry Failure to Make Back-Up Property Insurer Permanent
Jul 7 2006 // The New York State Legislature once again missed an opportunity to help calm a growing homeowners insurance crisis in the downstate region, according to the state’s insurance agents. With insurance companies such as...
Ill. Attorney General Sues Liberty Mutual for Alleged Bid-Rigging
Jul 7 2006 // Illinois Attorney General Lisa Madigan filed a lawsuit against Liberty Mutual Insurance Company and seven affiliates, alleging that the company and its affiliates participated in a bid-rigging and business-steering...
N.Y. Wholesaler Russell Bond Promotes Hollederer, Palmisano
Jul 6 2006 // Russell Bond & Co., Inc. announced that Gary A. Hollederer has been promoted to executive vice president. He joined Russell Bond in September 1992 after many years with leading insurers and Buffalo area retail...
Harlow Joins N.Y. Excess Lines Group
Jul 5 2006 // The Excess Line Association of New York (ELANY) has appointed Terry L. Harlow as director of education and communications, reporting to Daniel F. Maher, executive director. Harlow will undertake responsibility for...
Standard & Poor’s Annual Insurance Conference
Jul 4 2006 // Despite recent adversity and scrutiny faced by the insurance industry, financial ratings for companies appear on the upswing. “For the first time that I can remember we have a period where none of the sectors that we...
Business Moves
Jul 3 2006 // Homeowners of America Insurance Co. A new property and casualty insurer, Homeowners of America Insurance Com-pany, announced it has opened for business in Irving, Texas. Homeowners specializes in protecting residential...
N.Y. JUDGE DENIES PATIENT SURGEON’S MEDICAL RECORDS FOR HER MALPRACTICE SUIT
Jul 3 2006 // A woman who says her facelift was botched by a surgeon with physical problems may not see the doctor’s personal medical records as evidence for her lawsuit, a Manhattan judge has ruled. Geraldine Brower says she...
N.Y. Title Insurance Rates Slashed
Jun 30 2006 // New York Superintendent of Insurance Howard Mills and Attorney General Eliot Spitzer announced that the insurance department has approved 15 percent rate reductions for title insurance companies that cumulatively have 93...
Thousands Evacuated After Maryland Storms
Jun 29 2006 // The deluge of rain that caused flooding in the nation’s capital and elsewhere in the East forced the evacuation of more than 2,200 people near a rising lake on Wednesday and washed out part of a four-lane highway. At...
Donnellan Named N.Y. Deputy Superintendent
Jun 29 2006 // New York Superintendent of Insurance Howard Mills announced the appointment of Susan Donnellan as the New York State Insurance Department’s Deputy Superintendent and General Counsel. Donnellan had been the...
World Trade Center Developer, Port Authority Sue Insurers
Jun 26 2006 // The Port Authority of New York and New Jersey, together with World Trade Center developer Larry Silverstein, is suing seven insurers over delays in payments they say are needed to rebuild on the site of the Sept. 11, 2001...
FBI Data Shows N.Y. City Continues on Safety Spree
Jun 26 2006 // New York City continues to reduce overall crime to levels not seen in decades and remains the safest big city in America, according to officials. Mayor Michael R. Bloomberg and Police Commissioner Raymond W. Kelly, citing...
N.Y. City, Contractors Seek Immunity from Emergency Worker Lawsuits
Jun 25 2006 // A lawyer asked a judge last Thursday to protect New York City and about 150 private contractors from lawsuits filed by thousands of emergency workers who got sick after working in the dust of the World Trade Center. The...
Federal Insurance Antitrust Exemption: Insurer, Consumer Friend or Foe?
Jun 22 2006 // Congress opened a fresh debate on the insurance industry’s exemption from federal antitrust laws this week, with some larger insurers indicating a willingness to relinquish the exemption in exchange for regulatory...
N.Y. Restaurant Workers’ Comp Safety Group Pays 40% Dividend
Jun 22 2006 // United Restaurants of New York Workers’ Compensation Safety Group #556 has paid a 40 percent dividend to approximately 775 members for policies through Sept. 30, 2005, according to the group’s manager, The...
More N.Y. Self-Insured Workers’ Comp Groups Shutting Down
Jun 21 2006 // Two more self-insured workers’ compensation groups in New York will close over the next several months, bringing the year’s tally to five, as officials continue to enforce stricter financial standards. The...
