Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Supt. Mills Defends Contingencies; Reports on Risk-Based Exams
Jan 23 2006 // New York State Superintendent of Insurance Howard Mills defended contingent commissions and reported progress in moving his regulatory agency toward risk-based market conduct reviews of insurers. He also shared his views...
N.Y.’s workers’ comp system’s not working
Jan 22 2006 // Many suits formerly brought under the employers liability section of the workers’ compensation policy are now brought under the contractual liability section of the general liability policy. This shift has...
Business Moves
Jan 22 2006 // Bollinger, MLW Services Bollinger Inc. has acquired MLW Services Inc. of New York. The principals of MLW, Andrew Marks, president and CEO, Bert Linder, executive vice president and Chuck Weisblum, chairman, will continue...
News Currents
Jan 22 2006 // From New England to Virginia, courts and juries made insurance headlines Up and down the East coast, much of the most interesting local insurance news in 2005 took place in the courts of law and not in the court of public...
Northeast Winds Topple Trees, Power Lines from Mass. to Maryland
Jan 18 2006 // Usually snow and ice are the culprits this time of year in the Northeast for problems with the weather. Wednesday, though, proved to be Mother Nature offering a different problem for residents. Winds, in some cases...
N.Y. City Dismissed as Defendant in World Trade Center Collapse
Jan 17 2006 // New York City was dismissed from a federal lawsuit alleging that it was negligent in the collapse of a building at the World Trade Center that crumbled hours after the twin towers fell. Judge Alvin K. Hellerstein dismissed...
NBIS Expands Wrap Product to Condominiums in All But New York
Jan 17 2006 // NBIS, the exclusive manager for ProBuilders Specialty Insurance Co., RRG, has expanded its wrap product to include condominium conversion projects in all states except New York. NBIS is targeting the following conversion...
N.Y. Insurance Wholesalers Elect Hollederer of Russell Bond President
Jan 16 2006 // Gary A. Hollederer has been elected president of the Professional Insurance Wholesalers Association of New York Inc. (PIWA) for 2005 through 2007. This not for profit association works with legislators and the insurance...
N.Y.’s $5M in Grants to Combat Auto Theft, Insurance Fraud
Jan 15 2006 // The New York State Division of Criminal Justice Services has awarded more than $5 million to 29 law enforcement agencies in 16 counties throughout the state to support local programs to combat motor vehicle theft and...
Thrown Shrimp Blamed in Death of N.Y. Restaurant Patron
Jan 13 2006 // The family of a 43-year-old Long Island, N.Y. man is seeking $10 million in damages, claiming he died months after ducking a flying shrimp tossed by a hibachi chef at a Japanese steakhouse. Attorney Andre Ferenzo said in...
MLW Services Merges with Bollinger
Jan 12 2006 // Short Hills-Bollinger, Inc. has acquired MLW Services, Inc. of New York. The principals of MLW, Andrew Marks, president and CEO, Bert Linder, executive vice president and Chuck Weisblum, chairman, will continue in...
Allstate Limits Homeowners’ Business in N.Y. Coastal Areas
Jan 12 2006 // Allstate, New York State’s biggest writer of homeowners insurance, is pulling back from writing new business in New York metropolitan coastal areas in order to limit its exposure to future storm losses. The insurer...
Program from NIF Group in N.Y. Covers Social Service Agencies
Jan 11 2006 // NIF Group, Inc., a program administrator and specialty broker in Manhasset, N.Y., has a new product for complex and difficult to place social service agencies. The program offers general liability and professional...
Carr Named Managing Principal of Integro’s Atlanta Office
Jan 11 2006 // Integro has announced Andrew Carr has been appointed managing principal, client development for the company’s Atlanta office. Carr has more than 25 years experience in property and casualty brokerage, including 15...
N.Y. State Senator Applauded for Bill Creating State CAT Fund
Jan 10 2006 // New York State Senator Michael Balboni (R-East Williston), a member of the Senate Insurance Committee, was applauded this week by an organization of first responders, emergency management experts, building officials and...
Report: N.Y. Disaster Readiness Ranks Low, But Injury Prevention High
Jan 10 2006 // If the bird flu epidemic or another major outbreak were to strike New York state, the emergency health care system would be poorly prepared to handle a surge of patients, according to a report by a physicians’...
Universal Life Resources Settles Commission Charges with N.Y.
Jan 5 2006 // New York Attorney General Eliot Spitzer and Insurance Superintendent Howard Mills have come to an agreement with Universal Life Resources, a life and disability insurance consulting firm to resolve allegations relating to...
WellPoint and WellChoice Complete Major Merger
Jan 3 2006 // WellPoint, Inc. and WellChoice, Inc. have completed their merger that they first announced on Sept. 27, 2005. The value of the transaction at that time was estimated to be $6.5 billion. “Our focus as a combined...
Two N.Y. Workers’ Comp Trusts to Close as Board Toughens Standards
Jan 2 2006 // Two of New York’s 70 workers compensation self-insurance trusts are being shut down for their inability to meet financial standards set by state officials. The two trusts are the Provider Agency Trust for Human...
N.Y. insurers to seek an end to price controls in 2006
Jan 2 2006 // Insurers’ proposal would have state switch to file-and-use rate system Insurers in New York State will lobby to end price controls on personal and commercial lines policies in the coming year. Their proposal would...
