Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
NY Contractors Finding Coverage Hard to Obtain
Apr 17 2002 // A report by David Dickson, VP of the Professional Insurance Agents of New York, finds that the state’s contractors are finding it increasingly hard to obtain insurance coverage, even paying higher premiums. Dickson,...
Two NY Doctors Plead Guity to Insurance Fraud
Apr 12 2002 // Two New York doctors, charged as part of a fraud ring last December, have pleaded guilty to “felony insurance fraud charges admitting to fraudulently embellishing and falsifying their reports of the examinations of...
Funeral Services Held for Neil D. Levin – Former NYSID Superintendent Headed Port Authority
Apr 11 2002 // New York Governor George Pataki’s office announced that private funeral services were held Sunday for Neil D. Levin, who headed the Port Authority of New York and New Jersey prior to his death in the collapse of the...
Suspicious Lightning Strikes Lead to Arrest of NY Man for Fraud
Apr 10 2002 // William Kress, 50, of Hamlin, New York, has been arrested on charges of insurance fraud, following an investigation by the NYSID’s Frauds Bureau and State Farm’s Special Investigation Unit. According to the...
NY’s Serio Sees Federal Auto Fraud Bill as Supporting State Efforts
Apr 9 2002 // New York’s Superintendent of Insurance Gregory V. Serio applauded Senator Schumer (D-NY) for his proposals on “federal legislation to help curb auto insurance fraud,” and urged him to focus on the...
NY Court Lifts Stay on Applying Reg 68 Rules
Apr 8 2002 // The decision by New York’s Appellate court to lift a stay of execution on the application of Regulation 68, imposed last February, clears the way for the immediate implementation of the new rules. NY Insurance...
NYSID Approves 19.5% Rise in Assigned Risk Plan
Apr 1 2002 // New York State Insurance Department Superintendent Gregory V. Serio revealed a series of changes in the New York Automobile Insurance Plan, the assigned risk insurer of last resort, raising rates by 19.5 percent, and...
NY Agent/Broker Associations Join to Fight Auto Fraud
Mar 27 2002 // Four leading New York agent and broker trade groups have joined forces to combat “rampant fraud” in the state’s no-fault automobile claims procedures. The Professional Insurance Agents of New York, Inc....
NY, NJ, Conn. Med Mal Premium Costs on the Rise
Mar 27 2002 // Pennsylvania isn’t the only Eastern State to experience precipitate increases in the cost of medical malpractice insurance. A report in the New York Times reveals premium increases of between 10 and 40 percent in...
Insurance Fraud: A Perpetual Bane for Industry, Consumers
Mar 25 2002 // Since the insurance industry’s inception, fraud has proved a perpetual problem, an inherent risk that will likely never be totally eliminated. Carriers have long warned that fraud ultimately causes them to raise...
Manhattan DA Charges 22 in WTC Fraud
Mar 25 2002 // It’s almost inevitable that after every major disaster some individuals will try to profit from the situation; therefore, it came as no real surprise when Manhattan District Attorney Robert M. Morgenthau announced...
NYSID Unveils Proposed Laws for Sponsored Captives
Mar 22 2002 // Gregory V. Serio, New York’s Superintendent of Insurance and Empire State Development Chairman Charles A. Gargano issued a joint announcement concerning legislative proposals which would allow “a wider range of...
NYSID Urges Assembly to Pass Risk Based Capital Standards for P/C Insurers
Mar 19 2002 // New York State Insurance Department Superintendent Gregory V. Serio urged the State’s Assembly to pass pending legislation which would extend the use of Risk Based Capital standards to property/casualty insurers. The...
NY Charges 30 in $1.6 Million Stolen Car Insurance Fraud
Mar 13 2002 // The New York State Insurance Department and NYC law enforcement officials announced that 24 car owners and 6 “middlemen” have been charged with participating in a fraud scheme to collect insurance recoveries...
PIANY Opposes Reinstatement of Collision Damage Waivers
Mar 12 2002 // The Professional Insurance Agents of New York State has gone on record as opposing proposed legislation to reinstate collision damage waivers on private passenger vehicle rentals. Collision Damage Waivers (CDWs) –...
AAI Warns Bill Would Increase N.Y. Workers’
Mar 6 2002 // New York employers already reeling from rapidly escalating workers’ compensation medical costs would face substantial new increases if a bill to increase chiropractic fees is approved in the legislature, according to...
N.Y. Superintendent Details Need for Federal Backstop for Terrorism Losses
Mar 4 2002 // New York Superintendent Gregory V. Serio testified recently before the U.S. House of Representatives Committee on Financial Services Subcommittee on Oversight and Investigations, detailing the status of the insurance...
AAI Says Appeal of Reg 68 Ruling Costs NY Drivers $2 Million a Day
Feb 28 2002 // The Alliance of American Insurers (AAI) has strongly attacked the decision of groups led by trial lawyers to appeal trial Judge William Wetzel’s decision to give the New York State Insurance Department the go-ahead...
NYSID Issues Guidelines for Insurers on CPA Consulting Payments
Feb 22 2002 // Superintendent of Insurance Gregory V. Serio announced that the New York State Insurance Department has issued guidelines for the insurance industry concerning the disclosure of consulting work performed by independent...
Farmers in Exclusive Program with NY Detective’s Ass’n.
Feb 19 2002 // The Farmers Insurance Group of Companies announced that it has developed an exclusive insurance program to be made available to members of the Detectives’ Endowment Association (DEA) of New York City. “This...
