Latest New York Headlines

Oct 3 2005 // Seattle-based Physicians Insurance A Mutual Company has announced that Leslie Mallonee has been named senior vice president and chief information officer. Mallonee’s history in information technology includes his...

The artisan contractors market on the rise

Oct 3 2005 // As the United States’ total population creeps up on the 300 million mark, no one can call the residential construction industry a dying breed. The continuous need for housing is apparent in the nation’s fastest...

News Briefs

Oct 3 2005 // N.Y. AG Indicts Former Marsh Execs: New York Attorney General Eliot Spitzer and Insurance Superintendent Howard Mills announced the indictment of eight former executives of insurance brokerage giant Marsh Inc. for their...

Katrina, Asbestos, Soft Market Test Mettle of Today’s Bright CEOs

Oct 3 2005 // Industry pundits have praised today’s insurance chief executive officers as better informed and more disciplined than their peers of the past. The next few months may put that notion to the test as these leaders are...

N.Y. Insurance Chief Renews Plea for TRIA, Notes State Plans No Substitute

Sep 30 2005 // New York insurance officials, fearful Congress will not renew the Terrorism Risk Insurance Act before it expires at the end of the year, are working on backup plans of their own. New York officials have been in touch with...

Mich. Joins NAIC Settlement with Marsh

Sep 28 2005 // Michigan joined with over 30 state insurance regulators, working collaboratively through the National Association of Insurance Commissioners (NAIC), and announced a multi-state regulatory settlement with the nation’s...

N.Y. Law Takes Bigger Bite Out of Owners of Dogs That Cause Injury

Sep 28 2005 // New York Gov. George E. Pataki has signed into law legislation that increases the civil liability for the owners of dogs that cause serious personal injury. The law also provides an incentive to help victims of these...

WellPoint Seeks to Buy WellChoice of N.Y., N.J.

Sep 28 2005 // WellPoint Inc., the country’s largest health insurer, is in talks to buy WellChoice Inc., an insurer with about 5 million customers in New York and New Jersey, according to a published report. The New York Times...

Greater N.Y. Brokers to Honor Utica First’s Zick as Man of the Year

Sep 27 2005 // The Council of Insurance Brokers of Greater New York will present its 2005 Man of the Year award to Richard Zick, president and chief executive officer of Utica First Insurance Co., at its 28th Annual Dinner Dance. The...

N.Y. ‘Fire-Safe’ Cigarette Law Credited with Saving Lives

Sep 26 2005 // Annual deaths from fires blamed on cigarettes have fallen by a third in New York, which was the first state that required tobacco companies to sell self-extinguishing cigarettes, a state official said recently. Last year...

Trial Over Liability for 1993 WTC Bombings Begins In N.Y. Court

Sep 25 2005 // Families of the six who were killed and the more than 1,000 injured in the first World Trade Center bombing will see their lawsuits against the Port Authority of New York and New Jersey go to trial on Monday, Sept. 26,...

Panelists to Discuss ‘The New Ethics of Insurance,’ Sept. 28 in New York City

Sep 21 2005 // The Eastern Chapter of the Professional Liability Underwriting Society announced it will be hosting an educational seminar, The New Ethics of Insurance, at The Union League Club on Sept. 28, 2005, in New York City....

Former FEMA Director Witt to Lead N.Y. Catastrophe Coalition

Sep 19 2005 // James Lee Witt, the former director of the Federal Emergency Management Agency, today announced the formation of a state coalition to better prepare and protect New Yorkers from the consequences of a catastrophic storm,...

DAMAGES ALLOWED DESPITE LATE NOTICE:

Sep 19 2005 // A New York trial judge has dealt a blow to New York State’s insurance no-fault auto insurance notice requirement, under which insurers can deny coverage if a claim is not filed within a set period. Following a trial...

People & Places

Sep 19 2005 // David W. Tralka InsurBanc, the financial services provider to independent insurance agents, has named David W. Tralka as its new president and chief executive officer. Tralka is replacing Michael Herlihy, who served as...

ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, named Carl Bach executive vice presiden

Sep 19 2005 // InsurBanc, the financial services provider to independent insurance agents, has named David W. Tralka as its new president and chief executive officer. Tralka is replacing Michael Herlihy, who served as president since the...

N.Y. AG Spitzer Indicts Former Marsh Execs for Roles in Bid Rigging, Fraud

Sep 15 2005 // New York Attorney General Eliot Spitzer and Insurance Superintendent Howard Mills on Thursday announced the indictment of eight former executives of insurance brokerage giant Marsh Inc. for their roles in a bid rigging...

N.Y. Insurance Community Mourns Passing of Agent Leader Demetriou

Sep 13 2005 // Peter T. Demetriou, president of New Windsor Insurance Agency and first vice president of the Professional Insurance Agents of New York State Inc. died Sunday of a heart attack. He was 55. Demetriou was slated to be...

Ala. Big ‘I’ Chapter Honored: McCarley Receives National Education Award

Sep 12 2005 // Victor McCarley Sr. executive director of the Alabama Independent Insurance Agents has been presented the L.P. McCord National Education Award for outstanding commitment to education by Thomas Grau, president of the...

First Niagara Financial Group Acquires Burke Group

Sep 12 2005 // First Niagara Financial Group Inc., the parent of First Niagara Bank, has acquired Burke Group Inc., an employee benefits administration and compensation consulting firm that has offices in Rochester and Syracuse and...