Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
Sorrell Joins Lemac & Associates
Jul 20 2004 // Lemac & Associates Inc. announced that John D. Sorrell Jr., has joined its Los Angeles office as assistant vice president. Sorrell will be based in Lemac’s Los Angeles office and will be responsible for...
Insurers Warn Over N.Y. Workers’ Comp Rates
Jul 19 2004 // Following last week’s rejection of the industry’s request for a 29.3 percent hike in New York workers compensation rates, insurers have cautioned that the decision could eventually make it tougher for employers...
N.Y.’s Vicarious Liability Costly for Consumers and Auto Dealers
Jul 19 2004 // New York’s so-called vicarious liability law affecting car leasing firms costs consumers more than $130 million a year and has led to a 36 percent decline in the number of vehicles leased in New York each year,...
Brokers Urged to Avoid Surprises in Lawyers’ E&O
Jul 19 2004 // The news that the market for lawyers’ liability coverage is softening may not be surprising but the questions that today’s insurance underwriters ask about law firm accounts might be, attendees at a recent...
Chubb, National Grange, N.Y. Central Mutual and Sterling Top Performers in PIANY Annual Survey
Jul 19 2004 // Chubb Group, National Grange, New York Central Mutual and Sterling Insurance Co. ranked among the top performers out of 38 evaluated in the second annual company performance survey by the Professional Insurance Agents of...
Construction Defects Burning a Hole through the Residential Contractors Market
Jul 19 2004 // Whether real or imagined, the threat of construction defects litigation has burned through the residential contractors liability insurance market like a California wildfire. Over the past couple of years, contractors and...
