Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Pawtucket Mutual Cancellations in Effect in New York
Oct 6 2004 // The New York Supreme Court recently affirmed the position of Rhode Island regulators that decisions on policy cancellations involving a rehabilitating insurer must be handled within their state rehabilitation court and not...
Hub Enhances Embassy Insurance Program
Sep 24 2004 // Chicago-based Hub International Limited announced that it has enhanced its exclusive Embassy Program, providing property and casualty insurance to embassies, consulates and missions to the United Nations in Washington DC...
Jefferson Pilot Products Now Available in N.Y.
Sep 23 2004 // Jefferson Pilot Financial and its employee benefits division, Benefit Partners, announced that its non-medical group and worksite employee benefit products, including term life insurance, short-term disability, long-term...
Sen. Schumer Seeks N.Y. Nuke Workers’ Compensation
Sep 23 2004 // Standing with former nuclear workers from western New York, U.S. Senator Charles E. Schumer (D-N.Y.) took the federal government to task for not processing claims of 525 former nuclear workers or their survivors, and...
On Behalf of State Regulators, N.Y. Superintendent Serio Speaks Out Against Federal Oversight
Sep 22 2004 // Claiming that progress is already underway toward building a stronger, national, state-based system of insurance regulation, the National Association of Insurance Commissioners (NAIC) told the Senate Committee on Banking,...
Insurers Report ‘Encouraging’ Progress in Crackdown on Auto Claim Fraud in N.Y.
Sep 16 2004 // The fight against insurance fraud in New York is producing encouraging results as the cost of the average auto injury claim under the state’s no-fault insurance system declined by 20 percent between 2002 and 2003,...
ACE USA Appoints N.Y.-Based Mayer to Senior VP Post to Lead Construction Practice
Sep 15 2004 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced the appointment of Frank Mike-Mayer, senior vice president, to lead the ACE USA Construction Group. Based in New York City,...
Tower Group Buys Pre-Atlantic Mutual N.Y. Commercial Renewals from OneBeacon
Sep 15 2004 // New York-based Tower Insurance Group has agreed to purchase the renewal rights on most of the New York commercial business OneBeacon Insurance held prior to OneBeacon’s buying Atlantic Mutual’s book of business...
PIANY Elects Ruchman, Officers for 2004-2005
Sep 13 2004 // Officers of Professional Insurance Agents of New York State Inc. have been elected for the 2004-2005 administrative year. • N. Stephen Ruchman of Hewlett was elected president. He is president of Ruchman Associates Inc....
N.Y. Psychiatrist to Get Plenty of Couch Time; Receives 23-Count Indictment in Insurer Fraud Scam
Sep 10 2004 // New York Attorney General Eliot Spitzer announced that a Nanuet psychiatrist has been charged with defrauding government insurers of more than $1 million by billing for services never rendered. Dr. Justin Psaila, who...
NAMIC Targets Corporate Governance, Market Conduct, Securities Ratings, and Credit Scoring at NAIC Meeting
Sep 8 2004 // The National Association of Mutual Insurance Companies (NAMIC) will advocate its positions on corporate governance, market conduct, securities ratings, and credit scoring during the National Association of Insurance...
Three Years Later: Industry Rebuilds from 9/11, But Doesn’t Forget
Sep 6 2004 // Robert Hartwig, senior vice president and chief economist for the Insurance Information Institute (I.I.I.), knows that while Tuesday, Sept. 11, 2001, will never be forgotten both inside and outside the insurance industry,...
People and Places
Sep 6 2004 // Margie Bishop Vista Insurance Partners, based in San Antonio, appointed Margie Bishop as senior broker/underwriter. Bishop will work with current and new Vista agents to develop new business and retain existing accounts...
People and Places
Sep 6 2004 // Barbara Doerning Pasadena, Calif.-based Bolton & Company announced the hiring of Barbara A. Doerning as vice president of Bolton’s Risk Services Department. She began her insurance career in 1986, specializing...
N.Y.-Based DCAP Seeks Nasdaq Listing
Sep 2 2004 // DCAP Group, Inc. (OTC BB: DCAP.OB), a large chain of independent storefront insurance agencies in the Northeast, announced that, based upon its previously announced reverse split of its common stock, its symbol will...
… And Now Online, the Insurance Hall of Fame
Sep 2 2004 // A new website, www.InsuranceHallofFame.org, has been created by the International Insurance Society to feature insurance leaders from around the globe who have made creative and lasting contributions in the insurance...
Toronto Bank Buying Majority of Banknorth
Sep 2 2004 // Officials at Banknorth Group, Inc. (NYSE: BNK) of Portland, Maine, and TD Bank Financial Group (TDBFG) of Toronto announced that they have signed a definitive agreement for TDBFG to acquire 51 percent of the outstanding...
Double-Digit Health Cost Increases Continue in N.Y.
Sep 1 2004 // For the fourth year in a row, a significant majority of employers in New York State were hit with double-digit increases in health-insurance premiums this year, and employers continue the struggle to minimize the damage...
CitiGroup, Wells Fargo and BB&T Lead Bank Holding Cos. in Insurance Brokerage Fee Income
Aug 30 2004 // CitiGroup (New York, N.Y.), Wells Fargo & Company (San Francisco, Calif.), and BB&T Corporation (Charlotte, N.C.) lead bank holding companies in insurance brokerage fee income year-to-date through June 30, 2004,...
N.Y. Surplus Lines Industry in Uphill Battle over Premium Financing
Aug 23 2004 // New York’s surplus lines industry is trying to convince the Pataki administration to allow a change in the premium financing of surplus lines accounts, a change that lawmakers have approved overwhelmingly, but the...
