Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Workers’ Comp Fund Offers Online Certificate Validation
Mar 14 2006 // New York State Insurance Fund (NYSIF) Executive Director David P. Wehner today announced the promotion of a new on-line tool at www.nysif.com wherein businesses can now validate certificates of insurance in minutes. NYSIF...
Safety Board: Baltimore Water Taxi in Accident Was Overloaded
Mar 10 2006 // Americans’ expanding waistlines were a factor in the capsizing of a Baltimore water taxi that killed five people in 2004, a trend that has led to other deadly transportation accidents, the government said. The...
N.Y. Firefighters Kick Off Fire Safety Campaign Aimed at Children
Mar 8 2006 // There’s more to fire safety education than stop, drop and roll, firefighters say. New York City firefighters and a fire safety advocate launched a national fire safety education campaign this week with the release of...
N.Y. Governor Proposes Tougher Tour Boat Safety Laws
Mar 7 2006 // New York Gov. George Pataki has proposed legisaltion requiring stricter safety and insurance requirements for commercial passenger boats on the state’s waterways. The legislation mirrors proposals the governor made...
‘Live From New York,’ It’s Personal Moments Sponsored by Nationwide
Mar 7 2006 // Nationwide Mutual Insurance Company is giving consumers a chance to actively participate in the company’s 2006 Life Comes At You Fast advertising campaign by posting their personal Life Comes At You Fast moments on...
Willis Adds N.Y. Company to Strengthen Fine Art, Jewelry and Specie Group
Mar 3 2006 // Willis Group Holdings Limited reported the acquisition of Gueits, Adams & Company. Located in New York City, Gueits, Adams specializes in jewelers block insurance and has annualized revenues of approximately $4...
Survey of Agents Finds No Immediate Crisis in N.Y. Homeowners Market
Feb 28 2006 // The Professional Insurance Agents of New York State Inc. reported that a week-long survey of its members regarding the current conditions of the homeowners market in downstate New York found there is no immediate crisis in...
N.Y. Homeowners Insurance Market: Strong or Weak?
Feb 28 2006 // New York’s homeowners insurance market is either strong, stable or fragile depending upon whether the speaker is an agent or an insurer. Also, Allstate Insurance Co.’s decision to limit its business in eight...
Broker Lockton’s N.Y. Retail Office to be Run by Former Aon, Willis Execs
Feb 28 2006 // Lockton Companies, Inc., the Kansas City, Mo.-based privately owned insurance broker, has opened a New York retail office, vowing to target complex middle-market clients and take a focused approach towards the Fortune 1000...
AIG Forms Specialty Excess Unit to Handle C.V. Starr, Other Business
Feb 27 2006 // The AIG Companies have formed AIG Specialty Excess, an umbrella and excess casualty underwriting unit that the company says will concentrate on insuring specialty and difficult-to-place classes of business including...
Capsized N.Y. Tour Boat’s Insurance Broker Focus of 3-State Probe
Feb 26 2006 // Regulators in three states are investigating whether companies in London and Miami sold a fraudulent insurance policy to the owner of a tour boat that capsized on a New York lake and killed 20 elderly tourists, a Detroit...
N.Y. Looks to Return $150 Million in Unclaimed Insurance, Bank Funds
Feb 26 2006 // New Yorkers this fiscal year are expected to recover about $150 million from lost bank accounts, insurance policies and other funds, state Comptroller Alan Hevesi said last week. The abandoned funds include old bank...
Futures Trading Begins on Snowfall Index for Boston, N.Y. City
Feb 26 2006 // Trading on snowfall futures has begun. Chicago Mercantile Exchange, which bills itself as the world’s largest and most diverse financial exchange, began Feb. 26 listing and trading snowfall futures and options on...
Insurers Ready to Testify That N.Y. Homeowners Market is Healthy
Feb 23 2006 // The New York homeowners insurance market is stable, according to the Property Casualty Insurers Association of America. Kristina Baldwin, PCI’s regional manager, will testify to that effect Monday before a hearing of...
Retailers challenge benefit mandates in Md., N.Y.
Feb 20 2006 // A group of retailers has filed suits challenging laws in Maryland and New York that were enacted to pressure employers to spend a minimum amount on their employees’ health benefits. The Retail Industry Leaders...
N.Y. Senator Schumer criticizes Allstate’s metro-area retreat
Feb 20 2006 // New York State’s largest provider of homeowners insurance should reconsider its decision to stop writing new policies in the metropolitan area over concerns about hurricane damage, according to Sen. Charles...
Record $1.6 billion deal ends litigation, creates ‘new path’ for giant AIG
Feb 20 2006 // State and federal regulators on Feb. 9 announced agreements that resolve litigation and investigations of securities fraud, account steering, bid-rigging, improper accounting and under-reporting of workers’...
News Currents
Feb 19 2006 // Record $1.6 billion deal ends litigation, creates ‘new path’ for giant AIG State and federal regulators on Feb. 9 announced agreements that resolve litigation and investigations of securities fraud, account...
AIG affirms ban against contingency compensation; N.Y. insurance chief Mills disagrees with Spitzer
Feb 19 2006 // Producers should no longer expect contingent commissions from American International Group, according to the settlement with New York Attorney General Spitzer and what the company says is its own global policy...
Former Gen Re, AIG Execs Plead Not Guilty to Reinsurance Fraud Charges
Feb 17 2006 // As a federal probe into the insurance industry widens, four former top executives of giants General Re and American International Group are pleading not guilty to fraud and conspiracy charges. The Justice Department has...
