Latest New York Headlines

AutoOne Insurance Writes 100,000th Take-out Policy in N.Y.

Jul 22 2005 // AutoOne Insurance, a division of OneBeacon Insurance Group, has written its 100,000th so-called “take-out” policy, helping to reduce the number of drivers in the New York Assigned Risk Automobile Insurance...

C.H. Edwards Agency of N.Y. Joins ISU

Jul 20 2005 // ISU International announced that the latest addition to the network is C.H. Edwards Agency of Farmingdale, N.Y. The newest ISU agency was first opened in 1925. Since that time, the agency has established a clientele which...

Report: Insurance Probe Cooperation Between Feds and Spitzer Fizzles

Jul 19 2005 // Federal securities and justice department officials and lawyers from the office of New York Attorney General Eliot Spitzer, who are pursuing parallel investigations of the insurance industry, have made separate deals with...

Ohio AG Says Customers Need More Time, Info to Evaluate Marsh Settlement

Jul 19 2005 // Ohio Attorney General Jim Petro has told New York-based insurance broker Marsh & McLennan Companies Inc. that policyholders in Ohio harmed by the company’s alleged anticompetitive activities deserve more time...

People & Places

Jul 18 2005 // David Porter Majestic Insurance Companyannounced the appointment of David Porter to the new position of marketing manager for Southern California. Porter has more than 25 years of experience in the industry. Prior to...

Gregg has held a number of executive positions within Liberty Mutual’s commercial insurance operations since joining the

Jul 18 2005 // OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group Ltd., announced that Mike Miller, its current chief operating officer, has been appointed president and chief executive officer....

Jul 18 2005 // Majestic Insurance Company announced the appointment of David Porter to the new position of marketing manager for Southern California. Porter has more than 25 years of experience in the industry. Prior to joining Majestic,...

People & Places

Jul 18 2005 // Mike Miller OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group Ltd., announced that Mike Miller, its current chief operating officer, has been appointed president and chief executive...

DCAP Continues Expansion Buying Western N.Y. Agencies

Jul 15 2005 // DCAP Group Inc., an operator of insurance agency franchises, has executed a non-binding letter of intent to acquire a group of storefront agencies in western New York State. DCAP Group Inc. owns and operates a chain of...

TD Banknorth Continues Expansion with Purchase of Hudson United

Jul 12 2005 // TD Banknorth Inc. (NYSE: BNK) and Hudson United Bancorp (NYSE: HU) announced Tuesday that they have signed a definitive agreement for TD Banknorth to acquire Hudson United for approximately $1.9 billion in cash and TD...

Hub International Opens N.Y.-based Building and Design Risk Division

Jul 8 2005 // Hub International Limited announced it has opened a Building and Design Risk Division based at its New York subsidiary, Hub International Northeast Limited. The group, created to expand HUB Northeast’s...

N.Y. Congressional Delegation Urges Renewal of Terrorism Insurance

Jul 7 2005 // Twnety-one bipartisan members of Congress from New York have signed a letter urging quick action on renewal of the Terrorism Risk Insurance Act, which the Bush Administration has opposed in its current form. A day after...

N.Y. Comptroller Rebuffed in Bid to Audit Insurance Liquidation Bureau

Jul 7 2005 // A Manhattan judge has quashed 10 subpoenas served by state Comptroller Alan Hevesi on the state Insurance Department and ruled that Hevesi has no authority to compel an audit of the department’s Liquidation...

N.Y. Sees Drop in Auto Insurance Fraud, Injury Suits

Jul 6 2005 // The number of suspected automobile insurance fraud cases dropped across New York last year by 17 percent, according to a new report. New York State Insurance Department officials said fraud cases, which for years have been...

Sens. Schumer, Clinton Blast Treasury Report; Call for TRIA Renewal

Jul 5 2005 // New York Senators Charles E. Schumer, D, and Sen. Hillary Rodham Clinton, D, have blasted the Treasury Department’s report, submitted to the Senate Banking Committee, which urged Congress not to renew the Terrorism...

Standard & Poor’s Annual Insurance Conference

Jul 4 2005 // Top Corporate Executives Stress Moving Beyond Spitzer Despite recent adversity and scrutiny faced by the insurance industry, financial ratings for companies appear on the upswing. “For the first time that I can...

People & Places

Jul 4 2005 // Thomas L. Welch The Independent Insurance Agents of Virginia approved its 2005-2006 slate of officers at the group’s annual convention last month at the Landsdowne Resort in Leesburg, Va. Michele DeForest Thomas L....

Commerce Bancorp Buys Conn.’s BK International Insurance Brokers

Jul 1 2005 // Commerce Insurance Services, a wholly-owned subsidiary of Commerce Bancorp, Inc., has entered into an agreement to acquire BK International Insurance Brokers, Ltd., headquartered in Greenwich, Connecticut. The acquisition...

Risi Named Deputy in N.Y. Insurance Department

Jun 30 2005 // New York State Insurance Superintendent Howard Mills has named Joseph Risi as Deputy Superintendent of Insurance effective immediately. Mills said Risi will coordinate various department management initiatives and work...

N.Y. Auto Ring Parked; 12 Indicted in Orange County

Jun 29 2005 // New York Attorney General Eliot Spitzer and State Superintendent of Police Wayne Bennett recently announced the indictment of 12 individuals involved in reported auto theft and insurance fraud in Orange County. The arrests...