Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
People & Places
Feb 7 2005 // Steve Anderson Steven Anderson will lead the Executive Liability Practice team in the New York office of Beecher Carlson Holdings Inc., with other former Marsh employees Jack Flug, John Kerns, Jeff Lattmann and Hank...
Leave the Fraud on ‘Law and Order’
Feb 7 2005 // Okay, I admit it: I’m a “Law and Order” junkie. The long-running television show’s reruns are in heavy rotation on the TNT network and I think I’ve seen every ripped-from-the-headlines episode...
CALIF. COMMISSIONER DELIVERS ARMENIAN GENOCIDE SETTLEMENT CHECKS:
Feb 7 2005 // California Insurance Commissioner John Garamendi helped deliver the first checks from a $20 million settlement of a class action lawsuit to resolve insurance claims stemming from the Armenian Genocide nearly 90 years ago....
Amica Latest to Cut N.Y. Auto Insurance Rates
Feb 4 2005 // Acting New York Superintendent of Insurance Howard Mills announced that most New Yorkers who insure their private passenger automobiles with Amica Mutual Insurance Company will receive on average a 10 percent rate...
Personal Liability Deal with Worldcom Directors Breaks Down Following Court Ruling on Effect on Jury Award
Feb 3 2005 // A unique deal in which 10 former WorldCom directors would personally pay $18 million of a $54 million settlement to compensate investors over the company’s plunge into bankruptcy will be withdrawn, plaintiffs...
N.Y. Insurance Department Questioned Contingent Fees Years Before Spitzer Investigation Made Headlines
Feb 3 2005 // While it did not begin boiling over until last October when charges were brought against Marsh, the controversy over brokerage contingent fees has actually been simmering for more than a half dozen years in New York...
First Niagara Acquires Ithaca, N.Y. Agency
Feb 2 2005 // First Niagara Risk Management, Inc., the wholly-owned insurance subsidiary of First Niagara Bank , has reached an agreement to acquire the L.A. Lama Insurance Agency. The acquisition of the Ithaca-based agency, which has...
Alliance Responds to Lawsuit Aimed at Agent/Broker Contingency Commissions
Feb 2 2005 // The American Agents Alliance, representing over 2,000 independent agents and brokers in California and Arizona, criticized attorney Norman Goldman for filing an amendment to a compliant he filed in 2003 against Aon...
Ga. Commissioner ‘Disappointed’ With Marsh Settlement, Vows to Continue His Investigation
Feb 1 2005 // Insurance Commissioner John Oxendine is disappointed that Marsh & McLennan “got off the hook” in its settlement with the New York State Attorney General and says his office will continue to investigate...
Fla. Attorney General Comments on Marsh Agreement
Jan 31 2005 // Florida Attorney General Charlie Crist, released the following statement after the announcement of an $850 million settlement between Marsh & McLennan and the New York State Attorney General and the Superintendent of...
Marsh Reaches $850M Deal With N.Y. AG Spitzer and Insurance Department
Jan 31 2005 // Marsh & McLennan Companies, Inc. (MMC) today confirmed an agreement with the New York State Attorney General and the Superintendent of the New York State Insurance Department that resolves the actions that were...
Calif. Commissioner Helps Issue $3 Million to Charity; Funds Initiate $20 Million Claim Settlement
Jan 27 2005 // California Insurance Commissioner John Garamendi on Wednesday helped deliver the first checks from a $20 million settlement of a class action lawsuit to resolve insurance claims stemming from the Armenian Genocide nearly...
Nine Armenian Charity Groups to Get $3M of Insurance
Jan 24 2005 // Nine Armenian charitable groups will receive $3 million over the next two weeks as part of a $20 million settlement between an insurance company and descendants of Armenians killed nearly 90 years ago in the Turkish...
N.Y. RANKS AUTO INSURERS ON COMPLAINTS:
Jan 24 2005 // With only one upheld complaint, Amica Mutual Insurance Co. of Rhode Island, a perennial top 10 finisher, ranked the best among 49 auto insurers or groups ranked by the New York State Insurance Department in its most recent...
N.Y. Weighed Contingent Fee Issue Years Before Spitzer Investigation
Jan 24 2005 // While it did not begin boiling over until last October when charges were brought against Marsh, the controversy over brokerage contingent fees has actually been simmering for more than a half dozen years in New York...
N.Y. Superintendent: A Handshake and Heads-Up
Jan 24 2005 // The Independent Insurance Agents & Brokers of New York looks forward to working with New York’s next Superintendent of Insurance and is hopeful the major strides begun by his predecessor will continue to benefit...
N.Y. Issues Rule on Reserves for Universal Life Following Evidence of Under-Reserving
Jan 21 2005 // The New York State Insurance Department has issued a regulation requiring those who sell universal life insurance in the state to set aside adequate reserves in keeping with the spirit of an actuarial guideline that...
Conn. Approves ConnectiCare Takeover by HIP-NY
Jan 21 2005 // Connecticut Insurance Commissioner Susan Cogswell has approved the acquisition of ConnectiCare by Health Insurance Plan of Greater New York. The merger price is $350 million. Regulators in Massachusetts and New York must...
N.Y. Hearing on Marsh Now Set for Feb. 24
Jan 20 2005 // A New York State Insurance Department public hearing on Marsh & McLennan Companies, Inc. and its brokerage practices that has twice been postponed has now been rescheduled for Thursday, Feb. 24. The department said...
Lloyd’s Moving to MoMA Office Tower in N.Y. City
Jan 19 2005 // Lloyd’s of London is moving its New York City headquarters to The Museum of Modern Art’s new office tower. Designed by the internationally acclaimed architect, Yoshio Taniguchi, the boutique office tower has...
