Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Insurers Back N.Y. Surplus Lines Financing Change
Jul 8 2004 // A trade group for property casualty insurers is urging New York Governor George Pataki to sign a bill that would eliminate current limitations on premium financing for surplus lines transactions. “We strongly support...
N.Y. Gov. Pataki Reports Drop in Auto Rates
Jul 7 2004 // New York Gov. George Pataki announced a two percent decrease in auto insurance premiums for drivers receiving coverage under the New York Assigned Risk Plan, which will reportedly result in lower insurance payments for...
N.Y. Disability Coverage for Mental Health Upheld
Jul 6 2004 // New York state law does not require disability insurance policies to include the same benefit levels for physical injuries and for disabling mental and emotional conditions, the state’s highest court ruled last...
CEOs Question Wisdom of Sarbanes-Oxley at S&P Conference
Jul 5 2004 // In the opinion of one major industry player, The Sarbanes-Oxley Act of 2002 set in place “a mad rush to save the world from bad management,” a misguided and costly strategy that will fall victim to its...
Brokers Urged to Avoid Surprises in Lawyers’ E&O at PLUS Symposium
Jul 5 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...
Brokers Urged to Avoid Surprises in Lawyers E&O
Jul 5 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...
Sarbanes-Oxley ‘Stifles Competition,’ Says MetLife CEO
Jul 5 2004 // In the opinion of one major industry player, The Sarbanes-Oxley Act of 2002 set in place “a mad rush to save the world from bad management,” a misguided and costly strategy that will fall victim to its...
Sarbanes-Oxley ‘Stifles Competition’, Says MetLife CEO
Jul 5 2004 // In the opinion of one major industry player, The Sarbanes-Oxley Act of 2002 set in place “a mad rush to save the world from bad management,” a misguided and costly strategy that will fall victim to its...
N.Y. LEAVES ISSUES UNRESOLVED:
Jul 5 2004 // The Legislature in Albany adjourned for the summer without passing a state budget and without addressing a slew of insurance and other key issues. Political observers, newspaper editorialists and even elected leaders...
People and Places
Jul 5 2004 // David Molchan David Molchan has been appointed as regional advertising manager for Insurance Journal East. Molchan has extensive experience in business-to-business advertising sales and ad sales management at several trade...
N.Y. Med-Mal Rates to Increase 7%
Jul 1 2004 // New York State Insurance Department Superintendent of Insurance Gregory V. Serio today announced that the majority of New York State’s 50,000 actively practicing physicians will see a seven percent rate increase in...
N.J. Family, N.Y. Man Brake for Auto Fraud
Jun 30 2004 // New Jersey Director of Division of Criminal Justice Vaughn McKoy announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has obtained an indictment charging four individuals with...
N.Y. Agents Hail Reactivation of Fair Plan Finally
Jun 30 2004 // After nearly nine weeks of being suspended, operations at the New York property insurance residual market are back. The suspension of the New York Property Insurance Underwriting Association, also known as the Fair Plan,...
HIP of N.Y. Acquires ConnectiCare
Jun 25 2004 // HIP Health Plan of New York (HIP) has acquired ConnectiCare Holding Company (ConnectiCare) in a transaction that unites the companies, The parties say thed eal allows for regional growth while retaining local...
N.Y. City Traffic Deaths Drop 23%
Jun 24 2004 // Traffic deaths in New York City declined 23 percent in the first five months of 2004 compared with the same period last year, according to police statistics. From January through June 6, 115 pedestrians, bicyclists and...
N.Y. Passes AIA-Backed Scoring Bill
Jun 24 2004 // The New York State Legislature has approved a bill (S.5618D/A.4754D) that will regulate the use of credit-based insurance scores in a fair and reasonable manner, according to the American Insurance...
N.Y. Assembly Prepares to Close Today with Budget, Fair Plan, Other Insurance Issues Unresolved
Jun 22 2004 // The Legislature in Albany is scheduled to adjourn today and barring last-minute action will do so without passing a state budget and without addressing a slew of insurance and other key issues. Political observers,...
N.Y. to Hear 29% WC Rate Bid Next Week
Jun 22 2004 // The New York State Insurance Department has scheduled public hearings to consider the application of the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation insurance increase of 29.3...
People and Places
Jun 21 2004 // Anthony Kubera Anthony A. Kubera has joined Russell Bond & Co. Inc. in Buffalo, N.Y., as director of business development. He brings with him over 30 years of experience in underwriting, management and marketing....
N.Y. State Compensation Fund Steadies the Market
Jun 16 2004 // Since its founding in 1914, the New York State Insurance Fund (NYSIF) has been focused on providing a workers’ compensation market for small to medium sized accounts. NYSIF has not been involved with big corporate...
