Latest New York Headlines

All the headlines from our New York Topic Page, ordered by recency.

NYSID Publishes Annual Ranking of Automobile Insurance Complaints

Dec 31 2003 // The New York State Insurance Department has published its annual compilation of the state’s 50 largest automobile insurance companies or groups of companies based on the record of complaints in 2002 The NYSID...

Serio Names David Dahl to NYSID’s Captive Group

Dec 30 2003 // New York’s Superintendent of Insurance, Gregory V. Serio, announced that he has named David Ahl as the newest member of the Department’s Captive Group effective immediately. He will serve as Director of Captive...

GEICO to Open New Facility in Buffalo

Dec 24 2003 // GEICO and New York Governor George Pataki’s office announced that the auto insurer has selected Buffalo as the site of its second major operations center in New York. GEICO plans to develop a 250,000-square-foot...

Insurance Journal, InsuranceTimes Team Up for Northeast Publication

Dec 23 2003 // San Diego-based Wells Publishing Inc., publisher of the Insurance Journal (IJ) magazine and Online Daily Newsletter, has merged with the InsuranceTimes, a Boston-based insurance industry publication for the northeastern...

PIANY’s MetroRAP Selects Kay Giustiniani, Robert Pfeffer for Awards

Dec 22 2003 // The Professional Insurance Agents of New York State Inc. will present Kay Giustiniani, vice president of marketing for Associated Mutual Insurance in Woodridge, with its Company Executive of the Year award and Robert...

N.Y. Announces Arrest of 4 Psychotherapists on Insurance Fraud Charges

Dec 15 2003 // New York State Insurance Superintendent Gregory Serio, Attorney General Eliot Spitzer, and NYPD Commissioner Raymond Kelly jointly announced the filing of charges against four psychotherapists who fraudulently billed...

Conference Sure of Firm Market, Uncertain About Future of Regulation

Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...

Conference Sure of Firm Market, Uncertain About Future of Regulation

Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...

NAII Applauds Adoption of NYSID Proposal to Exempt Rated Securities from NAIC Filing Requirements

Dec 10 2003 // The National Association of Independent Insurers issued a bulletin congratulating regulators at the NAIC meeting for adopting a proposal by the New York Insurance Department to exempt securities rated by a nationally...

Collins Associates Hires Hudson to Establish N.Y. Office

Dec 10 2003 // John B. Collins Associates, Inc., a reinsurance intermediary, announced that senior property/casualty reinsurance broker Simon Hudson has joined the firm. Hudson was previously with Willis Re. With 20 years of insurance...

Crackdown on N.Y. No-Fault Fraud Reportedly Begins to Pay Dividends as Costs Show Slight Decline

Dec 10 2003 // The vigorous crackdown on insurance fraud and abuse spearheaded by New York’s insurance companies, law enforcement agencies and prosecutors, and supported by tough insurance department regulations and a statewide...

A New Workers’ Compensation Insurer for Businesses Situated in New York State

Dec 9 2003 // First Pavilion Insurance Company published its intention to form a stock insurance corporation under the provisions of the Insurance Law of the State of New York. The Company plans to write excess insurance policies with a...

PIANY Announces Continuing Education Courses for MetroRAP 2004

Dec 5 2003 // The Professional Insurance Agents of New York State Inc. announced that it will feature two continuing education courses during its annual Metropolitan Regional Awareness Program (MetroRAP) scheduled for Thursday, Jan. 22,...

Trio of Insurers File Largest No-Fault Lawsuit in N.Y. History

Dec 4 2003 // The Allstate Insurance Company, Encompass Insurance and Nationwide Mutual Insurance Company on Wednesday filed a RICO (Racketeer Influenced and Corrupt Organizations Act) action in the Supreme Court of New York against 74...

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...