Latest New York Headlines

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...

N.Y. LOWERS ASSIGNED RISK PLAN RATES

Jan 2 2006 // The New York State Insurance Department has approved an average 5.6 percent decrease in auto insurance premiums for drivers in New York’s Automobile Insurance Plan (AIP), also known as the assigned risk plan. The new...

Routine maintenance not covered by labor law, N.Y. court rules

Jan 2 2006 // In a recent case involving millions in potential damages, the Supreme Court of the State of New York (County of Nassau) ruled that an employee who was involved in routine maintenance was not entitled to certain protections...

Insurers’ proposal would have state switch to file-and-use rate system

Jan 1 2006 // N.Y. insurers to seek an end to price controls in 2006 Insurers in New York State will lobby to end price controls on personal and commercial lines policies in the coming year. Their proposal would retain other aspects of...

Routine maintenance not covered by labor law, N.Y. court rules

Jan 1 2006 // In a recent case involving millions in potential damages, the Supreme Court of the State of New York (County of Nassau) ruled that an employee who was involved in routine maintenance was not entitled to certain protections...

Jan 1 2006 // Plymouth Rock Assurance Corporation, a Boston-based auto insurer, has appointed Matthew H. Cronin as senior marketing representative and Sean P. Farrelly as marketing representative, both in Connecticut. Cronin will...

From New England to Virginia, Courts Made Insurance Headlines in 2005

Dec 30 2005 // From Maine to Virginia, many of the insurance headlines in 2005 dealt with compensation and reinsurance probes, just as they did across the country, casting the industry’s reputation in a bad light. But much of the...