Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Court Upholds $21 Million Vicarious Liability Award
Nov 22 2005 // The New York State Supreme Court, Appellate Division, First Department, has awarded $21 million to an accident victim, setting what is believed to be a record $8 million for future pain and suffering. The case could also...
Insurers Cool to N.Y. Proposal to Freeze Access to Consumer Credit
Nov 22 2005 // Insurance company lobbyists urged New York lawmakers in Albany this week to refrain from blocking insurers’ access to consumer credit information as part of their efforts to protect consumers from identity theft. The...
New Markets
Nov 20 2005 // Motor Carriers Suite Nuts & Bolts: Lexington Insurance Company, a member company of American International Group Inc., introduced Lex TransportPlus, a new product suite encompassing two policies: Motor Truck Cargo and...
N.Y. Seen Losing $125M Sept. 11 Workers’ Comp Aid for Sick Rescuers
Nov 17 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, lawmakers said. New York’s...
Insurance Commissioners Announce Framework for National Cat Program
Nov 17 2005 // Concluding the two-day National Catastrophe Insurance Summit held in Burlingame, Calif., insurance commissioners from California, Florida, Illinois and New York on Wednesday agreed that they had a basic framework for a...
U.S. Needs National Catastrophe Insurance Program, Insurance Commissioners Say
Nov 16 2005 // Insurance Commissioners from California, Florida, Illinois and New York began laying the groundwork Tuesday for what they hope will turn into a national catastrophe insurance program that would cover all Americans. Hosting...
Major N.Y. Hurricane Would Cost $100 Billion, Warns Cat Model Firm AIR
Nov 16 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 testifying...
Lawsuit Filed in N.Y. Against Operator of Lake George Cruise Ship
Nov 15 2005 // The sons of an elderly Michigan woman who drowned when the Ethan Allen cruise ship capsized last month in Lake George have filed a lawsuit against the boat’s operator. The children of 89-year-old Viola Urbaniak are...
N.Y. Readies ‘Common Sense’ Broker Commission Disclosure Rules
Nov 10 2005 // New York officials are not planning to ban contingent commissions for agents and brokers but will issue regulations requiring them to disclose their compensation to clients. Superintendent of Insurance Howard Mills...
N.Y. Agents Applaud Pataki Workers’ Comp Package as ‘Positive Step’
Nov 9 2005 // New York Governor George E. Pataki’s workers’ compensation package is being hailed as a positive first step by the Independent Insurance Agents & Brokers of New York, Inc. and its industry coalition, NY...
Industry Conduct After Spitzer Shows Old Habits Die Hard
Nov 7 2005 // PLUS learns habit of blaming the media for industry’s poor image also lives on. The multiple investigations triggered by New York Attorney General Eliot Spitzer one year ago have thus far tarnished the insurance...
This Just In: Industry Conduct after Spitzer Shows Old Habits Die Hard
Nov 7 2005 // Blaming the Media for Industry’s Poor Image Also Lives On at PLUS Meeting The multiple investigations triggered by New York Attorney General Eliot Spitzer have tarnished the insurance industry’s public image...
The Price of $candal
Nov 7 2005 // The lawyer took a crisp $50 bill in his hand and then crushed it. Yet the bill was still worth $50, he pointed out. That was attorney Stephen Marcellino’s way of suggesting that the insurance industry, which has been...
Industry Conduct After Spitzer Shows Old Habits Die Hard
Nov 6 2005 // The multiple investigations triggered by New York Attorney General Eliot Spitzer one year ago have thus far tarnished the insurance industry’s public image more than they have changed its private behavior, according...
This Just In: Industry Conduct after Spitzer Shows Old Habits Die Hard
Nov 6 2005 // The multiple investigations triggered by New York Attorney General Eliot Spitzer have tarnished the insurance industry’s public image more than they have changed its private behavior, according to experts at a recent...
N.Y. Gov. Pataki Proposes Workers’ Comp System Reforms…Again
Nov 3 2005 // New York Governor George E. Pataki has proposed a plan to reform New York’s workers’ compensation system that he says will reduce costs for businesses while increasing benefits for injured workers. Pataki said...
N.Y. Hopeful Spitzer Stresses Strong Enforcement as Good for Businsess
Oct 31 2005 // New York Attorney General Eliot Spitzer, who is running for Governor in his home state, has painted his critics as defenders of corrupt practices and not true champions of free enterprise. He also has sought to refute the...
Jury Finds N.Y. Port Authority Can Be Sued Over ’93 Trade Center Bombing
Oct 26 2005 // The Port Authority of New York was negligent in the 1993 terrorist bombing of the World Trade Center and can be sued for damages. A State Supreme Court jury in Manhattan has decided that the Port Authority, which owned the...
N.Y. State Employees Honored for Roles in Lowering Auto Rates
Oct 26 2005 // Ten New York State Insurance Department employees and five from the New York State Division of Criminal Justice Services have been presented with the Governor’s Office of Employees Relations’ Workforce...
New Shield Law Could Erase Current Lawsuits Against Gun Makers
Oct 21 2005 // President George W. Bush is expected to sign into law a bill to shield the gun industry from most lawsuits filed by victims of gun crimes. The House approved the bill by a bipartisan vote of 283 to 144, with 59 Democrats...
