Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
NYSID, ELANY Guidance on Terrorism Coverage Sets 25% Limit
Sep 5 2003 // The New York State Insurance Department announced that it has concluded a cooperation agreement with the Excess Lines Association of New York (ELANY), a member of an industry coalition, which will set standards by which...
NYSID Licenses Viacom Captive
Aug 29 2003 // New York’s Superintendent of Insurance Gregory V. Serio announced that the State Insurance Department has licensed Sammarnick Insurance Corporation, a new vehicle that will insure the risks of Viacom Inc., as a...
NYSID Approves 1.7% Workers’ Comp Hike
Aug 29 2003 // The New York State Insurance Department has approved a 1.7% average workers’ compensation rate increase. The move follows its initial decision to deny the New York Compensation Insurance Rating Board’s (NYCIRB)...
NYSID Specialists to Answer Consumer Questions at State Fair
Aug 21 2003 // New York’s Superintendent of Insurance Gregory V. Serio announced that Department specialists from the Consumer Services Bureau will be staffing an information booth, located in the Verizon Center of the Progress...
NYSID Issues Guidelines on Personal Auto Insurance
Aug 19 2003 // The New York State Insurance Department has issued Circular Letter #12, addressed to “All Insurers Authorized To Write Motor Vehicle Insurance In New York State; Rate Service Organizations; And Insurance Producer...
St. Paul Creates New England Territory; Appoints Michael G. Connor Regional Executive
Aug 15 2003 // The St. Paul Companies announced the creation of a new regional territory to address the business growth and distribution opportunities in the New England corridor, which includes Connecticut, Maine, Massachusetts, New...
Oneida Financial to Acquire MacDonald/Yando Agency
Aug 15 2003 // Oneida Financial Corp., the parent company of The Oneida Savings Bank, announced that it intends to acquire an additional insurance agency operating in Central New York State, and has signed a Letter of Intent with the...
N.Y. Officials Announce Indictments of Auto Body Shop Insurance Fraud Ring
Aug 14 2003 // Queens District Attorney Richard A. Brown, joined by Police Commissioner Raymond W. Kelly and New York State Insurance Department Superintendent Gregory V. Serio, announced that the owner, manager and employees of a Far...
Fraud Reportedly Spreading to N.Y. Suburbs
Aug 13 2003 // Insurance fraud rings long-established in New York City are now reportedly targeting the suburbs for their scams as the fraud indictments announced this week by the Suffolk County District Attorney’s Office vividly...
Fraud Reportedly Spreading to N.Y. Suburbs
Aug 13 2003 // Insurance fraud rings long-established in New York City are now reportedly targeting the suburbs for their scams as the fraud indictments announced this week by the Suffolk County District Attorney’s Office vividly...
NAII Commends NYSID Approval of Rate Raises for High-Risk Drivers
Aug 11 2003 // The National Association of Independent Insurers has issued a statement commending the New York State Insurance Department’s action in approving a statewide average rate increase of 19.7 percent for high-risk drivers...
NYSID Emphasizes “Fraud Awareness Week” with Three Arrests
Aug 11 2003 // New York’s Superintendent of Insurance, Gregory V. Serio announced the arrest of three western New Yorkers during National Fraud Awareness Week, August 3-9, stating that they had “come at an important time of...
PIANY to Offer CE for N.Y., N.J. Agents at Hudson Valley RAP
Aug 7 2003 // The Professional Insurance Agents of New York State Inc. will hold a course that offers continuing education credits for both New York state and New Jersey independent agents at its first Hudson Valley Regional Awareness...
CIBGNY’s Annual Golf Open a Success, Boasts High Attendance
Aug 4 2003 // Friends, great food and old-fashioned competition attracted the Council of Insurance Brokers of Greater New York members and colleagues to the association’s Annual Golf Open, recently at Engineers Country Club on...
New Study Reportedly Shows Lack of Reform is Corrupting N.Y. Auto System
Jul 31 2003 // The Alliance of American Insurers reports that a recently completed new study shows that a lack of anti-fraud safeguards in New York State’s auto insurance system has caused New Yorkers to develop more permissive...
Montpelier Re Prices $250M Senior Notes Offering
Jul 31 2003 // Montpelier Re Holdings Ltd. announced that it has priced an offering to sell $250 million of senior notes due 2013. The senior notes will bear interest at 6.125 percent per year and, unless previously redeemed, will mature...
N.Y. Officials Announce Arrest in 9/11 Auto Fraud Case
Jul 22 2003 // New York City Police Commissioner Raymond Kelly and New York State Insurance Superintendent Gregory Serio announced the arrest of Peter Perouza, 32, who is charged with insurance fraud and grand larceny stemming from a...
N.Y. Dept. Initiates Return of Unlawful Premiums Charged on Homeowners Policies
Jul 18 2003 // New York Superintendent of Insurance Gregory Serio announced that an investigation has determined that the New Hampshire Insurance Company reportedly illegally collected premiums for terrorism insurance on approximately...
N.Y. Dept. Rejects Filing to Boost Workers’ Comp Rates
Jul 16 2003 // New York State Insurance Superintendent Gregory Serio reportedly rejected this years’ filing by the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation insurance overall rate...
N.Y. Man Arrested for Fraudulent Claim in Home Fire
Jul 14 2003 // New York Superintendent Gregory Serio announced that Samuel Gardner, 41, of Kent, New York, was arrested and charged with Insurance Fraud, Arson and Attempted Grand Larceny. On July 28, 2002 Mr. Gardner’s home was...