Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Beecher Carlson Holdings Appoints Two New York Managing Directors
Feb 11 2005 // Jeffrey Lattmann and John Kerns have been named managing directors of Beecher Carlson Holdings Inc.’s New York office. Lattmann will also be a senior partner of the newly formed Executive Liability...
Donovan Joins HCC Sub in New York
Feb 10 2005 // HCC Insurance Holdings Inc. announced that James Donovan has joined its underwriting agency subsidiary Professional Indemnity Agency (PIA), based in Mount Kisco, New York. Donovan will be senior vice president responsible...
N.Y. Workers Comp Security Fund Almost Out of Money
Feb 8 2005 // The fund that pays New York injured workers whose workers’ compensation carriers have gone belly up is itself nearly bankrupt, according to state officials. The New York Workers Compensation Security Fund has about...
AXIS Capital Sees Net Income of $495M for Year Ended
Feb 8 2005 // Bermuda-based AXIS Capital Holdings Ltd. has reported net income for the year ended Dec. 31, 2004 of $495.0 million, or $2.98 per diluted share, compared to $532.3 million, or $3.42 per diluted share, for the year ended...
N.Y. City to Appeal Judge’s Decision Overturning State Law Against Gay Marriage
Feb 7 2005 // New York City will appeal a judge’s ruling against the state ban on same-sex marriages, Mayor Michael Bloomberg said Saturday. The mayor said that while he believes such marriages should be permitted, “if we...
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...
