Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. GETS CREDIT SCORING LAW:
Aug 23 2004 // New York Gov. George Pataki has allowed a bill governing insurers’ use of credit scoring to become law without his signature. The bill is based on the industry-supported model developed by the National Conference of...
People and Places
Aug 23 2004 // Thomas Tierney William Brooks Heather Philbin The Vermont Mutual Insurance Group, based in Montpelier, has elected Thomas J. Tierney, currently president and chief executive officer of the group, to be chairman of the...
N.Y. Court Blocks Pawtucket’s Mid-term Cancellations
Aug 18 2004 // New York Superintendent of Insurance Gregory V. Serio applauded a decision by the New York Supreme Court to issue a temporary restraining order preventing Pawtucket Mutual Insurance Company from canceling approximately...
N.Y. Workers’ Comp Writers Refile for 9.3% Hike
Aug 18 2004 // Their average 29.3 percent increase having been rejected by state officials last month, workers compensation insurers in New York are trying again, this time for an average 9.3 percent increase. Maintaining that it has...
Consumers Financial Buys Syracuse, N.Y. Agency
Aug 16 2004 // Consumers Financial Corporation announced that it has signed a contract to purchase Fear & Fear, Inc., an insurance agency with 10 offices located in and around Syracuse, New York. The transaction is valued at $6...
ACE USA Makes Appointments in Global Energy Unit; Opens Houston Energy Office
Aug 13 2004 // ACE USA, the U.S.-based retail operations of The ACE Group of Companies, announced two appointments in the U.S. operations of the ACE Global Energy division. Edwin Duffy was named senior vice president and Houston branch...
Allied World Assurance Expands N.Y. Operation for Underwriting
Aug 11 2004 // Allied World Assurance Holdings Ltd announced that its subsidiary, Allied World Assurance Company (U.S.) Inc., has expanded the capabilities of its New York office to underwrite excess liability and errors and omissions...
N.Y. Insurance Officials Reach Out at Summer Fairs
Aug 10 2004 // New York Superintendent of Insurance Gregory V. Serio announced that insurance department specialists from the Consumer Services Bureau will be staffing information booths at the Erie County Fair, to be held August 11-22,...
Summer in the City: Unconventional Insurance and Olympian Security in Age of Terrorism Risk
Aug 10 2004 // A little more than a year ago, Britain’s Prince William celebrated his 21st birthday with a costume party at Windsor Castle. While William was addressing the partying crowd, a stranger wearing a black beard, white...
Summer in the City: Terrorism, Political Conventions and the Olympics
Aug 9 2004 // A little more than a year ago, Britain’s Prince William celebrated his birthday with a costume party at Windsor Castle. While William was addressing the partying crowd, a stranger wearing a black beard, white turban...
N.J. Family, N.Y. Man Brake for Fraud
Aug 9 2004 // New Jersey Director of Division of Criminal Justice Vaughn McKoy announced that the Division of Criminal Justice, Office of Insurance Fraud Prosecutor, obtained an indictment charging four individuals with conspiracy,...
People and Places
Aug 9 2004 // Thomas McDaniel Thomas McDaniel was named president of Kemper Auto and Home. McDaniel previously served as Kemper Auto and Home’s senior vice president of product management, overseeing the company’s...
Safety Group Urges Others to Follow N.Y. Lead to Curb Cigarette-Caused Fires
Aug 6 2004 // The number of fires caused by lighted tobacco products – almost always cigarettes – increased by a stunning 19 percent in the most recent year studied, according to research by the National Fire Protection...
Reputed Mobster Pleads Guilty to Staged Accidents, Insurance Fraud Charges in New York
Aug 4 2004 // A reputed member of the Bonanno crime family pleaded guilty to running a major insurance scam, which used a corrupt medical clinic in Queens to file millions of dollars in bogus insurance claims. Joseph Fratta, who was...
Amid Heightened Security, Financial Firms Including Citigroup, AIG, MetLife and Pru Tend to Business
Aug 3 2004 // Police closed several streets in midtown Manhattan and banned trucks from bridges and tunnels leading to the city’s financial district Monday, Aug. 2, following a government warning that terrorists were planning to...
U.S. Places Financial Centers in N.Y., N.J. and D.C. on High Terror Alert
Aug 2 2004 // Homeland Security Secretary Tom Ridge announced that the government has “specific credible information” causing it to raise to the terrorism threat level to Code Orange for the financial services sector in New...
IIABA of N.Y. Backs Case for Reauthorization of TRIA
Jul 29 2004 // The Independent Insurance Agents & Brokers of New York Inc. has taken its case for reauthorizing the Terrorism Risk Insurance Act of 2002 before the end of the year to Capitol Hill. Three members of the Syracuse-based...
N.C. Commissioner Signs Race-Based Premium Settlements with Trio of Companies
Jul 29 2004 // North Carolina Insurance Commissioner Jim Long has signed three settlement agreements with companies that reportedly participated in discriminatory rating practices in North Carolina. The settlements with the companies,...
Sen. Schumer Targets N.Y. Car Insurance Fraud
Jul 23 2004 // Fraud and auto insurance scams are costing New York drivers millions in inflated insurance premiums, U.S. Senator Charles E. Schumer (D-N.Y.) warned. New York drivers pay the second highest car insurance rates in the...
N.Y. Surplus Lines Industry Worried Gov. Pataki Will Not Sign Minimum Premium Bill
Jul 20 2004 // The New York 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...
