Latest New York Headlines

New Markets

Sep 5 2005 // Employment Practices Liability Program Nuts & Bolts: Arrowhead General Insurance Agency Inc.’s professional liability division launched an employment practices liability insurance program for small- and...

Insurers Address Brokerage Income Directly to Consumer

Sep 5 2005 // Just last week, one of the assistant directors at our firm, Brunie Lugo, was routinely reviewing a client’s renewal quotation she had received, checking it for accuracy, reviewing the pricing and proposed renewal...

Frontier Insurance, in Rehab in N.Y., Moves Closer to Reopening

Sep 5 2005 // Frontier Insurance Company, which was seized by New York officials four years ago, is closer to reopening for business thanks to a recent court decision awarding the New York Liquidation Bureau greater flexibility over its...

‘Sham Declinations’ Leave N.Y. Excess Broker Liable for Insurer’s Losses

Sep 5 2005 // A New York excess lines insurance broker’s use of “sham declinations” to skirt the law on placing coverage with a non-admitted carrier could cost the broker a lot more than just regulatory fines, if a...

Insurers Address Brokerage Income Directly to Consumer

Sep 5 2005 // Some Carriers Issue Endorsements on Producer Compensation Disclosure Just last week, one of the assistant directors at our firm, Brunie Lugo, was routinely reviewing a client’s renewal quotation she had received,...

By Andrew G. Simpson

Sep 5 2005 // A New York excess lines insurance broker’s use of “sham declinations” to skirt the law on placing coverage with a non-admitted carrier could cost the broker a lot more than just regulatory fines, if a...

Frontier Insurance, in Rehab in N.Y., Moves Closer to Reopening

Sep 5 2005 // Frontier Insurance Company, which was seized by New York officials four years ago, is closer to reopening for business thanks to a recent court decision awarding the New York Liquidation Bureau greater flexibility over its...

Realm National Placed in Liquidation

Aug 30 2005 // Realm National Insurance Company, a property and casualty insurer domiciled in New York that wrote mainly workers’ compensation, was placed in liquidation by the Supreme Court of the State of New York on June 15,...

Rehabilitation Efforts Move N.Y.’s Frontier Insurance Closer to Reopening

Aug 30 2005 // Frontier Insurance Company, which was seized by New York officials four years ago, is closer to reopening for business thanks to a recent court decision awarding the New York Liquidation Bureau greater flexibility over its...

AWAC Promotes D’Orazio to Senior VP, Global Mgr. – General Casualty Division

Aug 29 2005 // Bermuda-based Allied World Assurance Company, Ltd. (AWAC) announced that Frank N. D’Orazio has been named senior vice president and global manager of its General Casualty division. He is charged with setting and...

N.Y. Insurance Fund Investigator Accused of Falsifying Expenses

Aug 28 2005 // A claims investigator for the New York State Insurance Fund reportedly bilked the state out of $8,744 by claiming she spent the night at bed-and-breakfasts which investigators found didn’t exist, the state inspector...

ACE USA Makes Appointments in New York, Philly Offices

Aug 26 2005 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced two appointments in its ACE Casualty Risk Unit. William Hazelton joins ACE USA as senior vice president and underwriting manager...

Allied World Announces Three Management Changes

Aug 25 2005 // Allied World Assurance Company, Ltd. [AWAC] has announced the following management changes: — Daniel Brandon has been promoted to the position of senior vice president, Professional-Specialty Lines Treaty...

Business Moves

Aug 22 2005 // Chubb PLI, Hub International Chubb Corporation has agreed to sell its Personal Lines Insurance Brokerage Inc. to Chicago-based Hub International Limited. Chubb said the sale would have no material impact on its financial...

News Briefs

Aug 22 2005 // MASSACHUSETTS Health Insurance Rates Rising: The state’s largest health insurers say most Massachusetts companies and their workers will see increases of 10 percent or more in their health insurance premiums...

Aug 22 2005 // The Independent Insurance Agents & Brokers of New York Inc. recently announced the promotion of six staff members at the statewide trade association, effective Aug.1. IIABNY, which represents more than 18,000...

Mineo, Former Police Chief, Chosen to Head N.Y. Liquidation Inspections

Aug 18 2005 // New York State Insurance Superintendent Howard Mills has named Randolph Mineo, a former police chief in Wilton, Conn., to head the New York Liquidation Bureau’s Office of the Inspector General, a new position. In...

Beecher Carlson Expands Health Care Practice; Adds Seven Executives

Aug 18 2005 // Beecher Carlson, an insurance and risk management company, announced that it has expanded its National Health Care Practice with the appointment of seven industry professionals. The team expansion increases Beecher...

N.Y. Agents Back Financial Information Breach Notification Law

Aug 17 2005 // Businesses must notify New Yorkers when their financial and personal information has been compromised under a measure that has become law in New York. The Information Security Breach and Notification Act, which takes...

N.Y. Gov. Pataki’s Veto Upholds Drunk Driver Exclusion Law

Aug 17 2005 // New York insurers applauded Governor George Pataki’s veto of legislation (S.5578/A.5158) which would have required auto insurers to pay the medical bills of drivers who injured themselves while driving...