Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
AlphaStar to Sell Subs to Georgia’s AIM
Mar 27 2003 // Bermuda-based AlphaStar Insurance Group Limited reported it has entered into a definitive agreement to sell three subsidiaries to an affiliate of American Insurance Managers Inc. (AIM) of Atlanta, Ga. The subsidiaries...
AlphaStar to Sell Its Realm National and World Trade Subsidiaries to AIM
Mar 26 2003 // Bermuda’s AlphaStar Insurance Group Limited announced that it has entered into a definitive agreement to sell three subsidiaries, Realm National Insurance Company (RNIC), a New York-domiciled property-casualty...
Swiss Re and Penn State to Host Financial Strategy Workshop on Managing Weather and Climate Risk
Mar 26 2003 // Swiss Re announced that it will host a one-day, executive education workshop entitled, “Weatherproof Your Business: New Financial Strategies For Managing Weather and Climate Risk,” in partnership with Penn...
NYSID Announces Arrest of Camillus Man for Fraudulent Auto Theft Claim
Mar 24 2003 // New York’s Superintendent of Insurance Gregory V. Serio announced that an investigation into a suspected fraudulent motor vehicle theft insurance claim has resulted in the arrest of Steven P. Oslica, of Camillus, New...
NY to Widen Scope for Captives
Mar 24 2003 // New York Governor George E. Pataki and New York City Mayor Michael R. Bloomberg jointly announced new legislation that will allow a wider range of businesses “the opportunity to utilize captive insurance companies to...
Resurrection-First Steps to WTC Resurrection as Coverage Fight Continues
Mar 24 2003 // With the selection of the design submitted by Berlin-based architect Daniel Libeskind, rebuilding of the World Trade Center site has begun. Walking around the 16 acres of open space in the heart of New York one finally...
NY Authorities Charge Four in $68,400 Workers Comp Fraud Scheme
Mar 20 2003 // Queens District Attorney Richard A. Brown, New York State Insurance Department Superintendent Gregory V. Serio, New York State Workers’ Compensation Fraud Inspector General John H. Burgher, Jr. and New York City...
N.Y. Assembly Passes “Watered-down” Fraud Bill
Mar 19 2003 // The National Association of Independent Insurers does not see many changes following passage by the New York Assembly Insurance Committee and the full Assembly of Committee Chairman Grannis’ fraud bill, which is now...
Former NY Insurance Agent Arrested for Stealing Investment Money from Elderly Clients
Mar 14 2003 // New York State Insurance Department Superintendent Gregory V. Serio announced the arrest of Ted F. Cook, 50, a former insurance agent formerly employed by Legend Equities Corporation on charges of fraud and grand larceny...
NYSID Announces Top 10 ‘Rotten Apples’ for 2002
Mar 12 2003 // Gregory V. Serio, the Superintendent of the New York State Insurance Department, has announced the “Top 10 list of worst cases of insurance fraud in New York State during 2002.” The “winners” were...
NAII Will Defend Against Court Challenge to NY’s Reg. 68
Mar 10 2003 // The decision by the New York Court of Appeals to hear the appeal of the Medical Society of New York (MSSNY) and the state’s trial lawyers, challenging the validity of Regulation 68 (See IJ Website Feb. 28), has...
PIANY Asks Sponsors to Drop Effort to “Roll Back” Key No-fault Reforms
Mar 10 2003 // While the NAII was fighting to uphold Regulation 68 against a legal challenge (See previous article), the Professional Insurance Agents of New York State Inc. issued a letter to each sponsor of a bill, S.1277/A.269, which...
N.Y. Senate Passes Two Insurance Fraud Bills
Mar 10 2003 // At least the New York Senate seems to have heard the messages from the NAII and the PIANY. It passed two bills last week dealing with insurance fraud. The next hurdle will come when the state’s Assembly considers the...
AIA Says N.Y. No-Fault Auto Reform Won’t Work
Mar 5 2003 // The New York State Assembly Majority’s no-fault auto insurance reform proposal seeks to improve the marketplace by creating a new bureaucracy, an approach that will not work, according to the American Insurance...
N.Y. State Opticians Co-Owner Arrested on Fraud Charges
Mar 5 2003 // New York Superintendent Gregory Serio and Albany County District Attorney Paul Clyne announced the arrest of Dierdre Wolberg, co-owner of State Opticians in Albany, N.Y. Wolberg was arrested for Grand Larceny in the 3rd...
N.Y. Bake Shop Owner Arrested for Fraud
Mar 4 2003 // New York Superintendent Gregory Serio along with the Broome County Bureau of Fire Investigation and the Deposit Police Department announced the arrest of George S. Cushner, Jr. Cushner, the owner of Sweets and East Bake...
Hub International Expands N.Y. Brokerage
Mar 4 2003 // Hub International Limited announced that Kaye Insurance Associates, Inc. (KIA), the major retail brokerage unit of the company’s New York hub, Kaye Group Inc. (KGI), purchased the assets of Waldron Mahoney Inc....
Serio Says NY Court of Appeals to Hear Reg. 68 Case; NYSID Continues Anti-Fraud Fight
Feb 28 2003 // New York’s Superintendent of Insurance Gregory V. Serio told a Capital District luncheon crowd on Tuesday that his Department has just learned that the New York Court of Appeals has granted leave for plaintiffs to...
NY Man Arrested in WTC Life Insurance Fraud
Feb 26 2003 // NY authorities announced the arrest of Merle D. Hover of Glen Aubry, New York, on charges of insurance fraud and attempted grand larceny stemming from a fraudulent claim he submitted stating that his daughter was killed in...
New Gallery to be Unveiled in N.Y.
Feb 25 2003 // The School of Risk Management at St. John’s University (SRM) and the International Insurance Society, Inc. (IIS) announced the planned opening of a state-of-the-art global digital Insurance Hall of Fame gallery at...
