Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.J. DOBI Issues Notice on Legion to Surplus Lines Producers
Dec 4 2003 // Holly C. Bakke, the head of New Jersey’s Department of Banking and Insurance, has issued a bulletin to the state’s licensed surplus lines producers requesting that they advise policyholders about the Legion...
Aspen Prices IPO at $22.50 per Share
Dec 4 2003 // Aspen Insurance Holdings Limited announced that the initial public offering of 10,524,000 of its ordinary shares was priced at $22.50 per share. The number of shares and the initial price were higher than originally...
AutoOne Insurance to Service NJ PAIP
Dec 2 2003 // AutoOne Insurance will become the newest carrier to handle New Jersey Personal Automobile Insurance Plan (NJ PAIP) business as a Limited Assignment Distribution (LAD) servicing carrier, beginning Jan.1, 2004. The...
Report N.Y. Prosecutors Find More Evidence of Slayings to Collect Life Insurance
Dec 1 2003 // Federal prosecutors in Queens have been conducting an ongoing investigation into unsolved killings of a number of persons who had recently taken out life insurance policies. The investigation was triggered by the arrest...
S&P Affirms ‘BBBpi’ Ratings of New York Central Mutual Fire Insurance Co.
Nov 26 2003 // Standard & Poor’s Ratings Services announced that it has affirmed New York Central Mutual Fire Insurance Co.’s (NYCM) ‘BBBpi’ counterparty credit and financial strength ratings. The...
IABNY Urges Regulators to Drop NYPIUA Proposals
Nov 25 2003 // The Independent Insurance Agents & Brokers of New York has urged regulators to drop consideration of proposals that would expand coverage by the New York Property Insurance Underwriting Association into commercial...
N.Y. State Attorney General to Speak at PIANY MetroRAP
Nov 24 2003 // Independent insurance professionals who attend the Professional Insurance Agents of New York State Inc.’s Metropolitan Regional Awareness Program will hear what New York State Attorney General Eliot Spitzer’s...
N.Y. Department Notes 5% Overall Auto Rate Reduction by State Farm Mutual
Nov 13 2003 // New York Superintendent of Insurance Gregory Serio announced that the Insurance Department has approved a State Farm Mutual Insurance Company overall rate reduction of 5% on their private passenger automobile rates which...
Commercial Liability Coverage Available in N.Y., But Reportedly Costly, Particularly for Contractors
Nov 10 2003 // While more costly for many New York businesses, commercial liability insurance is widely available throughout New York State, according to the New York Insurance Association (NYIA). Addressing a hearing before the New York...
Contractors Need Assistance, But NYPIUA May Not Be Answer, PIANY Tells Department
Nov 10 2003 // Professional Insurance Agents of New York State Inc. last Friday commended Superintendent Gregory Serio for addressing New York state’s diminishing market for contractors commercial liability insurance. However, the...
WTC CLAIMS WAR OF WORDS CONTINUES AS GOV. SEEKS SETTLEMENT:
Nov 3 2003 // Despite the earnest efforts of New York’s governor George Pataki to find a quick solution to the dispute between Silverstein Properties and Swiss Re over the amount to be paid for the destruction of the World Trade...
NYSID to Hold Public Hearings on Commercial Liability Markets
Oct 29 2003 // Superintendent of Insurance Gregory V. Serio announced that the New York State Insurance Department will hold public hearings around the state to determine whether he will require the New York Property Insurance...
N.Y. Man Sentenced for Impersonating Floridians to Collect Money
Oct 27 2003 // A New York resident has been sentenced in federal court to 13 months in prison and ordered to pay restitution after he reportedly faked the identities of a least three Floridians in order to collect nearly $100,000 in...
Lord Levene Stresses Insurers’ Economic Role in Speech to NY RIMS
Oct 27 2003 // Speaking to the New York Risk Insurance Management Society on Friday, Lloyd’s Chairman, Lord Peter Levene, stressed the role insurance plays in business, calling it “the oil in the engine of the economy,...
PIANY Welcomes New Producer Licensing Law
Oct 27 2003 // After announcing plans to inform its members how to implement NY’s new Producer Licensing Act, (See IJ Website Oct. 24) the Professional Insurance Agents of New York State Inc. has issued a bulletin praising the...
PIANY Prepares Advice as Governor Signs Producer Licensing Bill
Oct 24 2003 // The Professional Insurance Agents of New York is preparing an in-depth guide for members to explain the changes made by the state’s new producer licensing bill, S.5729, which was signed into law by the Governor on...
N.Y. Assembly Credit Scoring Panel Hears Views of PIANY, Alliance, AIA
Oct 23 2003 // New York legislators yesterday heard T.J. Derella, President of the Professional Insurance Agents of New York State Inc.; Richard Stokes, Northeast Regional Manager of the Alliance of American Insurers, and David Snyder,...
N.Y. Court of Appeal Rejects Reg 68 Challenge, Praised as Victory Against Fraud
Oct 22 2003 // The New York Court of Appeals has unanimously upheld the state Insurance Department’s right to implement the reforms contained in Regulation 68, which would require notice of a “no-fault” claim to be...
New York Holds Hearings on Credit Scoring
Oct 22 2003 // The New York State Assembly Standing Committee on Insurance and the Assembly Puerto Rican/Hispanic Task Force is currently holding hearings on the use of personal credit information and credit scoring by the insurance...
NYSID Licenses Omnicom Group’s Haversine Insurance as 11th Captive
Oct 22 2003 // New York’s Superintendent of Insurance Gregory V. Serio announced that the State Insurance Department has licensed the Haversine Insurance Company as a captive insurance company, insuring the risks of Omnicom Group...
