Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Surplus Lines Industry Continues to Play its Role
Jul 22 2002 // Since it’s inception in the early 19th century, the surplus lines industry has played a significant role in the insurance world: providing the buyer with insurance not available in the standard, admitted markets. As...
AIA Praises N.Y. Department’s Approval of Catastrophe Loads for Workers’ Comp
Jul 16 2002 // New York Insurance Superintendent Gregory V. Serio’s decision to allow insurers to build “catastrophe loads” into their workers’ compensation reserves is a positive step toward dealing with...
N.Y. Department Notes No Change in Average Workers’ Comp Rate
Jul 15 2002 // New York Department of Insurance Superintendent Gregory Serio announced that there will be no change in the average workers’ compensation rate in New York State. Combined with a 1.2 percent decrease in assessments,...
NY, NJ and Conn. Select Candidates for National Customer Service Award
Jul 11 2002 // The Professional Insurance Agents Associations of New York, New Jersey and Connecticut announced that they have selected candidates for the National Customer Service Representative of the Year Award, organized by the...
Alliance Urges NY Governor to Sign Structured Settlements Bill
Jul 10 2002 // The Alliance of American Insurers urged New York’s Governor George Pataki to sign Bill S7810/A6936A which would enact legislation regulating structured settlements, as a necessary measure to protect consumers. The...
NY Expands On-line Multi-state License Processing to Agents
Jun 26 2002 // The New York State Insurance Department announced that non-resident insurance agents can now obtain a license on-line through the National Insurance Producer Registry (NIPR), the national licensing system. New York is one...
21 More Persons Arrested in NY Auto Fraud Scam
Jun 20 2002 // The New York State Insurance Department announced the arrest of an additional 21 persons (112 were indicted last December), charged with participating in an auto fraud insurance ring in Queens. The NYSID said that the...
NYSID Approves Moody’s Captive
Jun 19 2002 // Moody’s Corp., which is best known for its investors service, has won approval from the New York State Insurance Department to establish a captive insurer in the state, Moody’s Assurance Company Inc. The...
PIA Panel Gives Views on Hard Market
Jun 17 2002 // The combined meeting of the Professional Insurance Agents of New York and New Jersey, recently held in Atlantic City, heard a number of views from a panel of experts on the current state of the insurance market. The...
Ind. Farm Bureau Insurance Cos. Acquires Agway Insurance Co.
Jun 17 2002 // Indiana Farm Bureau Insurance Companies has reached a definitive agreement with Agway Inc. to acquire 100 percent of the stock of New York-based Agway Insurance Company, in a deal valued at $21 million. The transaction is...
Insurers & Contractors Trying to Nail Down Proper Coverage
Jun 10 2002 // If you’re placing coverage for a client who is a contractor, there are three factors that determine what obstacles you will encounter: location, location, location. The real question, however, is whether it will stay...
PIA of NY, NJ to Hold Hard Market Panel Discussion at Annual Conference
May 31 2002 // The Professional Insurance Agents of New York and New Jersey announced that they will host a panel discussion on the “Hard Market” at their joint annual conference which takes place June 9-11. The panel, which...
Prison, Restitution Ordered for Utica, NY Man for Auto Insurance Fraud
May 30 2002 // John Biagini, Sr., 50, of Utica NY was sentenced to serve 37 months in federal prison and to pay $80,900 in restitution to several insurance companies after pleading guilty to filing numerous fraudulent auto repair...
AIA Tells NY Senate Sound Science Needed on Mold
May 30 2002 // Eric Goldberg, American Insurance Association (AIA) assistant general counsel, appearing at a hearing held by the New York State Senate’s Health and Environmental Conservation Committees, stated that consumers,...
NAMIC Calls on NY Legislators to Reform No-Fault Auto Laws
May 24 2002 // The National Association of Mutual Insurance Companies (NAMIC) added its weight to the growing demand for reform of New York’s Personal Injury Protection or “no-fault” auto insurance laws. Roger...
NY Fraud Investigators Charge 12 in Stolen Car Insurance Scam
May 24 2002 // Twelve persons have been arrested in a sting operation in Queens, charged with falsely reporting that their vehicles had been stolen and collecting the insurance proceeds, totaling around half a million dollars. The...
NYSID Focus on Insurance During Hurricane Awareness Week
May 22 2002 // While it might be a more urgent priority in Florida or Texas rather than New York, hurricanes and tropical storms can nonetheless cause extensive damage all along the eastern seaboard. It’s not surprising therefore...
NY Judge Orders Prison for WTC Fraud
May 13 2002 // U.S. District Judge Mary Ann Vial Lemmon ordered Jihad Razzaq, a 35-year old illegal immigrant from Palestine, to serve 15 months in federal prison for making a false claim to the New York Life Insurance Co. that his wife...
Terrorism Insurance Still on Front Burner for Insurers, Lawmakers
May 13 2002 // Amid heavy lobbying on the part of financial lenders, insurers, real estate executives and even President Bush, the Democrats and Republicans in the Senate seem to have come to agreement that there is need for some kind of...
IBANY Elects Officers for 2002-03
May 3 2002 // The Insurance Brokers’ Association of the State of New York (IBANY) announced that it recently elected officers for its 2002-2003 administration during the association’s spring board meeting. Dick Impastato of...
