Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Federal Law Puts Brakes on Vicarious Liability for Auto Rental Firms
Dec 18 2005 // A New York court’s $21 million award last month to a young Wall Street trader paralyzed in an accident involving a Budget Rent-a-Car vehicle may be one of the last of its kind. Inserted among the thousands of road...
Federal Law Drives Away Vicarious Liability for Auto Rental Firms
Dec 18 2005 // A New York court’s $21 million award last month to a young Wall Street trader paralyzed in an accident involving a Budget Rent-a-Car vehicle may be one of the last of its kind. Inserted among the thousands of road...
News Briefs
Dec 18 2005 // Massachusetts Auto Producer Reassignments Delayed: Massachusetts Insurance Commissioner Julianne Bowler has asked that a plan for reassignment of auto insurance producers doing business with the state’s residual...
Preparing for Worst, Cat Modelers Say More Destruction Ahead
Dec 18 2005 // Florida has survived eight hurricanes in 15 months, but more destruction is coming, according to risk modeling companies and economists speaking at the National Catastrophe In-surance Summit in Burlingame,...
N.Y. AG Spitzer Claims Greenberg Shorted Charity 35 Years Ago
Dec 16 2005 // New York Attorney General Eliot Spitzer this week accused embattled insurance executive Maurice R. “Hank” Greenberg of participating in a series of financial transactions 35 years ago that cost the charitable...
N.Y. Auto Theft Ring Gets Parked; 37 Individuals Arrested to Date
Dec 16 2005 // New York City Police Commissioner Raymond Kelly, Kings Country District Attorney Charles Hynes and New York State Superintendent of Insurance Howard Mills have reported the takedown of “Operation Brownsville...
N.Y. Gov. Reports Ulster County to Receive $580,000 in Flood Relief Effort
Dec 15 2005 // New York Gov. George Pataki announced $580,000 in funding to help 22 families replace their homes, which were damaged this past spring by the worst flooding to occur in Ulster County in 50 years. The Governor’s...
N.Y. Lawyer Pitches ‘Personal Injury’ TV Series to Hollywood
Dec 14 2005 // New York personal injury lawyer Warren Redlich is developing a television series entitled “Personal Injury.” Redlich says he met with eight Hollywood industry leaders at the Screenwriting Expo in Los Angeles in...
Upstate N.Y. Would Save Millions with Generic Drugs, Says Excellus
Dec 14 2005 // If 39 counties in upstate New York were to increase their generic prescription drug fill rates to match the upstate counties with the best rates, the estimated annual health care savings would exceed $880 million,...
N.Y. Agents Name Morstan’s Levy as General Agent Executive of Year
Dec 14 2005 // The Professional Insurance Agents of New York State Inc. will present Howard Levy, principal of Morstan General Agency, with its General Agent Executive of the Year award at the 12th annual Metropolitan Regional Awareness...
Insurers Say No to State Catastrophe Fund in New York
Dec 13 2005 // A state-mandated catastrophe fund is not needed in New York, according to the American Insurance Association (AIA). “The creation of a catastrophe fund in New York State is not warranted. The creation of such a fund...
N.Y. Insurance Fund Names Wehner as Executive Director
Dec 8 2005 // David P. Wehner, who has been chairman of the state’s Workers Compensation Board since 2004, has left that post to become executive director of the New York State Insurance Fund. Wehner fills the vacancy left by the...
Willis Buys N.Y.-Based Armored Car Insurance Specialty Broker
Dec 6 2005 // Willis Group Holdings Limited, the global insurance broker, announced today the stock acquisition of International Insurance Brokers, Inc. Located in Staten Island, N.Y., International Insurance Brokers is a specialized...
N.Y. Agents to Honor Harleysville’s Browne as CEO of Year
Dec 6 2005 // The Professional Insurance Agents of New York State Inc. will present Michael L. Browne, president and chief executive officer of Harleysville Insurance, with its Company Executive of the Year award at the 12th annual...
Judge Allows N.Y. City’s Suit Against Gun Industry to Proceed
Dec 5 2005 // Federal District Court Judge Jack Weinstein on Dec. 2 ruled that New York City’s landmark lawsuit against the gun industry can proceed, despite a federal law that limits the legal liability of gun manufacturers and...
N.Y. Court Confirms Agent Not Liable Where Client Fails to Disclose
Dec 5 2005 // The Supreme Court of the State of New York, County of Nassau, has reversed a lower court decision that found an insurance agent could potentially be held responsible for misrepresentations in a life insurance...
People & Places
Dec 5 2005 // Edward Troy GAB Robins, the international claims services firm, announced that Edward G. Troy has been named president and chief executive officer of the GAB Robins Group of Companies. Brandon Hickey Before joining GAB...
SEPT. 11 AID LOST:
Dec 5 2005 // Congressional budget negotiators have decided to take back $125 million in Sept. 11 aid from New York, which had fought to keep the money to treat sick and injured ground zero workers. New York’s elected officials...
$100 BILLION HURRICANE:
Dec 5 2005 // A major hurricane making landfall in the New York City metropolitan area would result in approximately $50 billion of insured losses with total economic losses exceeding $100 billion, according to an expert. That scenario...
Preparing for Worst, Cat Modelers Say More Destruction Ahead
Dec 5 2005 // Florida has survived eight hurricanes in 15 months, but more destruction is coming, according to risk modeling companies and economists who spoke at the National Catastrophe Insurance Summit in Burlingame,...
