Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Broker Arrested on Fraud Charges
Aug 12 2002 // New York superintendent of Insurance Gregory Serio announced that an investigation into suspected sales of fake insurance ID cards has resulted in the arrest of Theresa Feliz, 49, of Bronx, New York. She is charged with...
Watson Joins Ace’s N.Y. Office as VP Enterprise Risk Management
Aug 9 2002 // ACE Asset Management, Inc., a subsidiary of ACE Ltd., added Donald Watson as Vice President Enterprise Risk Management. Watson will be based in New York and his principal focus will be on the identification and...
NAII Requests Veto of Two N.Y. Bills
Aug 2 2002 // New York Governor George Pataki should veto two bills that would cause problems for consumers by expanding auto insurance liability for personal and rental vehicles, according to the National Association of Independent...
AAI Characterizes NAIC Report on N.Y., N.J. Auto Costs ‘Misleading’
Jul 31 2002 // The National Association of Insurance Commissioners’ (NAIC) state rankings of auto insurance premiums, released last week, is “nothing more than an exercise in irrelevance and a misleading barometer of who pays...
N.Y. Dept. Charges Nine with Fraud
Jul 30 2002 // New York Superintendent of Insurance Gregory Serio, along with Nassau County District Attorney Denis Dillon announced the filing of charges against nine individuals accused of insurance fraud. Those charged are as follows:...
N.Y. Brokers Offered Licensing Renewal via the Internet
Jul 26 2002 // New York Superintendent of Insurance Gregory Serio announced that all of New York’s approximately 35,000 authorized brokers now have the ability to renew their licenses electronically via the internet 24 hours a day,...
AMCOMP Council Issues 9/11 Workers’ Comp Mental Stress Claims Report
Jul 25 2002 // In the wake of the Sept. 11 attack on the World Trade Center in New York City, the American Society of Workers Comp Professionals Inc. (AMCOMP) assembled the Workers’ Compensation Mental Stress Council to study the...
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...
