Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Seeks to Drop Milberg Weiss Law Firm as Fund Counsel
Jun 7 2006 // New York State Comptroller Alan G. Hevesi, trustee of the $140 billion New York State Common Retirement Fund (CRF), said that he will petition the court to replace the law firm of Milberg Weiss as lead counsel in the Bayer...
HealthNow N.Y. Acquires Northeast Benefits Firm, Brokerage Concepts
Jun 7 2006 // HealthNow New York Inc., parent company of BlueCross BlueShield of Western New York and BlueShield of Northeastern New York, is acquiring the business and operations of and Brokerage Concepts, Inc. (BCI), a major benefits...
OIL to Buy Back $300 Million in Debt
Jun 6 2006 // Oil Insurance Limited, founded in Bermuda in 1971 by 16 energy companies, as a mutual insurance company, announced that it is offering to purchase for cash any and all of its outstanding $300 million aggregate principal...
N.Y. to Hear Proposal for 7.5% Workers Comp Hike
Jun 6 2006 // The New York State Insurance Department has scheduled a public hearing to consider the application of the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation insurance increase of 7.5...
Allstate Dropping Most Earthquake Insurance Nationwide
Jun 5 2006 // Allstate Insurance Co. says it is dropping earthquake insurance to most of its 407,000 quake customers nationwide as a part of a larger move to reduce exposure to catastrophic losses. Allstate Spokesman Mike Siemienas in...
N.Y. Agents Back Overhaul Of Workers’ Comp System
Jun 5 2006 // New York should increase its workers’ compensation benefits and try to deliver benefits in a less adversarial process, according to the Professional Insurance Agents of New York State Inc. The association made its...
Fries to be Honored by N.Y. Agents
Jun 2 2006 // The Professional Insurance Agents of New York Inc. announced that Stuart Fries, vice president of Garber Atlas Fries & Associates Inc. in Oceanside, N.Y., will receive the Professional Agent of the Year award at the...
Study Ties N.Y. Med Mal Premiums to Liability Awards, Not Cycles
Jun 2 2006 // The cost of medical malpractice insurance in New York can be linked directly to the state’s malpractice litigation awards, rather than to the cyclical nature of the insurance pricing, according to a new study by the...
Virginia Trucker Honored for Logging 6 Million Accident-Free Miles
Jun 1 2006 // It was a bitter cold night in New York city some 40 years ago. Trucker Robert C. Wrenn pulled his rig to a halt at a red light and suddenly, there was a sharp rap on the metal door next to his elbow. Wrenn looked out,...
Cities Viewed as Targets to Receive Counterterrorism Grants
Jun 1 2006 // Cities fiercely competing for multimillion-dollar grants for counterterrorism programs must accept an unsettling premise along with the money: They are likely targets for terrorists. The government wants cities to keep...
Integro Appoints Kilduff a Managing Principal for Healthcare in N.Y.
May 31 2006 // Integro Appoints Ruth Kilduff as Managing Principal in the Firm’s New York Office Insurance broker Integro thas named Ruth Kilduff as a managing principal, specializing in healthcare coverage, for the firm’s...
Insurers Urge Veto of N.Y. Credit Freeze Legislation
May 30 2006 // New York lawmakers have passed legislation designed to protect consumers against identity theft but insurers are urging Gov. George Pataki to veto the measure because its credit freeze provision does not exclude...
Two Major Title Insurance Cos. in N.Y. Ordered to End Rebate Practice
May 24 2006 // Two major title insurance companies have agreed to end a practice of providing rebates to major commercial property customers at the expense of homeowners and small businesses, New York State Attorney General Eliot Spitzer...
Upstate N.Y. Auto Parts Couple Charged in Workers’ Comp Fraud
May 23 2006 // The New York State Insurance Fund has reported the arrest of a husband and wife in connection with an alleged workers’ compensation premium fraud scheme in upstate Jefferson County, New York. Gordon Dobbins, 73, and...
People and Places
May 22 2006 // Don Bailey has been appointed chief operating officer of Willis Group Holdings North American business unit. Bailey will work with Mario Vitale, chief executive officer of Willis North America, in managing the...
Principal Financial Receives 2nd Subpoena from Spitzer
May 18 2006 // Principal Financial Group Inc. said earlier this week that it has received a second subpoena from New York Attorney General Eliot Spitzer, who is conducting an industrywide probe of insurance companies. The second request...
Northeast’s DCAP Feels Assigned Risk Decline But Focuses on Growth
May 17 2006 // DCAP Group, Inc., a large chain of independent storefront insurance agencies in the Northeast, reported that first quarter 2006 total revenues were $2,867,690, a decline from the prior year amount of $3,208,073. Net income...
HANYS, InsMed Agency Offer Disability Coverage for N.Y. Physicians
May 17 2006 // HANYS Benefit Services, an affiliate of the Healthcare Association of New York State, and InsMed Insurance Agency, Inc. have joined forces to provide disability insurance protection and program support for medical...
Upstate N.Y. Stone Mason Under-Reported Workers’ Comp, Says Fund
May 14 2006 // An upstate New York employer’s alleged attempt to pay lower premium than required for his workers’ compensation policy with The New York State Insurance Fund began to unravel after he filed a claim for an...
Metro N.Y. Auto Claims Costlier Than Upstate, Industry Study Says
May 12 2006 // A recent Insurance Research Council (IRC) study of auto injury insurance claims in the state of New York finds that claimants from the New York City metropolitan area exhibit very different claiming behaviors than...
