Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
PCI Insurance Fraud Expert Addresses NY Conference
Apr 26 2004 // Rey Becker, the Property Casualty Insurers Association of America’s (PCI) vice president, personal lines, addressed insurance company CEOs, presidents, vice presidents and other senior executives about the ongoing...
Despite N.Y. Attorney General Concern, CIAB Says Placement Service Agreements Not an Issue
Apr 26 2004 // The Council of Insurance Agents & Brokers commented that Placement Service Agreements (PSAs) between commercial insurance brokers and the insurance carriers with which they do business are not an issue of concern in...
N.Y. Attorney General Spitzer Targets Insurance Broker Compensation Agreements
Apr 23 2004 // Marsh& McLennan, Willis Group and Aon Corporation have confirmed that they have received subpoenas from New York Attorney General Eliot Spitzer. The subpoenas are seeking information as part of a preliminary inquiry...
N.Y. Bill Would Mandate Insurance for Dog Owners
Apr 22 2004 // New York State Assemblyman Peter M. Rivera has proposed requiring all dog owners in the state to carry liability insurance for their pets. He has nicknamed his bill “Elijah’s Law” for a 3-year-old boy,...
N.Y. File-and-Use Law Upheld:
Apr 19 2004 // The New York State Court of Appeals has ruled that the state insurance commissioner does not have the authority to disapprove or modify rate increases or decreases on filings that are properly submitted under the...
N.Y. Comptroller Drops Subpoena:
Apr 19 2004 // New York State Comptroller Alan Hevesi said he has withdrawn his subpoena of a state office that had refused to submit to an audit of its books. The state insurance department has agreed to participate in the first step of...
People and Places
Apr 19 2004 // Thomas Bradley Schaumburg, Ill.-based commercial lines insurer Zurich North America announced that Thomas Bradley will become chief operating officer of finance and administration and chief financial officer of its North...
N.Y. Casualty/Surety Club Elects Zurich’s Casey
Apr 14 2004 // Zurich, North America reports that the board of the Casualty and Surety Club of New York has elected William J. Casey, Jr., vice president of Zurich’s Northeast region, as its new president. Casey served as the...
Smithtown, N.Y. Bank Buys E. Setauket Agency
Apr 14 2004 // Bank of Smithtown in New York has reached an agreement to purchase the Seigerman-Mulvey Co. insurance agency of East Setauket, N.Y. Seigerman-Mulvey Co. is a 30 year-old independent agency which places policies with more...
FEMA, N.Y. City Reach 9/11 Accord
Apr 13 2004 // The Federal Emergency Management Authority has agreed to a plan that could relieve New York City of up to $350 million in costs for debris removal from the Sept. 11 terrorist attacks. The $350 million had become an issue...
N.Y. Builders to Form Own Liability Insurer
Apr 12 2004 // Having seen the pool of private insurers selling them policies dry up, home builders in New York will provide their own coverage. “We are taking matters into our own hands,” said Phil LaRocque, executive vice...
N.Y. High Court Backs File-and-Use Statute
Apr 7 2004 // The New York State Court of Appeals has ruled that the state insurance commissioner does not have the authority to disapprove or modify rate increases or decreases on filings that are properly submitted under the...
N.Y. Comptroller Drops Subpoena As Insurance Department Agrees to Begin Liquidation Bureau Audit
Apr 5 2004 // New York State Comptroller Alan Hevesi said he has withdrawn his subpoena of a state office that had refused to submit to an audit of its books. The state insurance department has agreed to participate in the first step of...
N.Y.Towns Shielded From Suit If Lead Programs Fail
Apr 2 2004 // Local governments cannot be sued if their lead paint abatement programs fail to protect some citizens from poisoning, the state’s highest court ruled this week. The Court of Appeals said it reached that conclusion...
N.Y., Conn. Reps. File Ground Zero Worker Health Bill
Mar 31 2004 // U.S. Representatives Carolyn Maloney (D-NY) and Christopher Shays (R-CT) have filed legislation they say will significantly improve the way the federal government has responded to the health care needs of September 11...
I.I.I. Reports Auto Insurance Rate Increases Dropping By More than Half
Mar 30 2004 // The cost of auto insurance is expected to rise by 3.5 percent in 2004, the smallest increase in four years, according to the Insurance Information Institute (I.I.I.). The declining number of auto accidents due to better...
Former N.Y. Arena Football Star Arrested on Workers’ Compensation Fraud in Calif.
Mar 30 2004 // Superintendent of Insurance Gregory V. Serio announced that Chris Perry, a former star on the Buffalo Destroyers arena football team, has been arrested in California on grand theft charges.Perry, who began collecting New...
ACE USA Appoints Alfieri NY Regional Executive
Mar 29 2004 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, has announced the appointment of John Alfieri as Regional Executive – New York Region. “Based in New York City, Mr. Alfieri will...
N.Y. Agents Name Harleysville Top Commercial Partner
Mar 26 2004 // Pennsylvania’s Harleysville Insurance has issued a bulletin noting that for the second time in three years, it has been named the “Top Partner in Commercial Lines” during Westchester County’s 38th...
Hub International Unveils Exclusive Program for Embassies
Mar 25 2004 // Hub International Limited (www.hubinternational.com) has developed an exclusive program to provide property and casualty insurance to embassies, consulates and missions to the United Nations. In the past this was...
