Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Alliance Urges Calif. and N.Y. to Reconsider Terrorism Exclusions
Jan 14 2002 // Rodger S. Lawson, Ph.D., president of the Alliance of American Insurers, released the following statement questioning the logic of the decision by the California and New York insurance departments to deny the ISO...
Without Terrorism Exclusions, Surplus Lines Insurers Hold Out Lifeline to Calif., N.Y. Businesses
Jan 14 2002 // AccordingSurplus lines insurers may offer hope for businesses to remain insured in those states, like California and New York, that are refusing to allow insurers to exclude terrorism risks in commercial insurance...
World Trade Center Building Lawsuits Multiply
Jan 14 2002 // Several new fronts have opened in the ongoing battle over World Trade Center coverage. On Dec. 28, 2001, Silverstein Properties (SP), the master leaseholder, filed a lawsuit against Travelers to recover the losses it...
World Trade Center Building Lawsuits Multiply
Jan 14 2002 // Several new fronts have opened in the ongoing battle over World Trade Center coverage. On Dec. 28, 2001, Silverstein Properties (SP), the master leaseholder, filed a lawsuit against Travelers to recover the losses it...
NY Rejects Broad Terrorist Exclusions
Jan 9 2002 // New York State Insurance Department Superintendent Gregory V. Serio has reportedly rejected requests from the insurance community and the NAIC to permit the endorsement of broad “terrorist exclusion” provisions...
Brown and Brown Acquires NY’s Sestito Agency
Jan 4 2002 // The New York subsidiary of national insurance intermediary Brown & Brown announced that it has acquired the business of Virgil N. Sestito, a sole proprietor doing business as Sestito Insurance Agency, of Rome, New...
Allcity Announces Liquidation
Dec 31 2001 // Allcity Insurance Company announced the decision of the Empire Insurance Group, which includes the Company, its parent, Empire Insurance Company, and its affiliate, Centurion Insurance Company (collectively, the...
NYSID’s Auto Complaint Rankings for 2000
Dec 28 2001 // The New York State Insurance Department has published its annual ranking of consumer complaints to the Department involving the insurance companies who write automobile coverage in the State. Each year, the NYSID handles...
Welcome to the 3rd Annual “Top Ten Stories of the Year”
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
London Insurance Community Collects $400,000 for New York’s Firefighters
Dec 21 2001 // The London Insurance Community presented a check for $400,000 to the New York Firefighters’ 9-11 Disaster Relief Fund to help families of firefighters killed in the attack on the World Trade Center. The money was...
New York Attack Caused Record Losses for Property Insurers
Dec 21 2001 // Initial Swiss Re estimates say that 2001 was a very costly year for property insurers. In a PRNewswire report, man-made and natural catastrophes claimed more than 33,000 lives worldwide in 2001, with the direct financial...
NY Charges Nine in Workers Comp Fraud Case
Dec 17 2001 // Following a nine-month investigation, New York authorities have charged nine individuals and one corporation on various counts of defrauding the State’s Workers’ Compensation Fund. The persons involved all...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
Angels of the Industry 2001
Dec 17 2001 // The date of Sept. 11 has been indelibly etched into the minds of virtually every American. And yet, despite the tragic events of that day and their repercussions, at least one ray of hope has shone through—that is, the...
RIMS Tells NY Assembly to Support Adoption of Federal Terrorism Law
Dec 14 2001 // The Risk and Insurance Management Society urged the members of the New York State Assembly Insurance Committee not to permit terrorist exclusions at the state level, but to work with insurance industry leaders to assure...
One Man’s Escape from the Destruction of the World Trade Center: RLI V.P. Orza gives his firs-hand a
Dec 10 2001 // Although RLI lost its branch office in the World Trade Center as a result of the Sept. 11 terrorist attacks, the company was fortunate to have all its New York branch employees escape safely. And while the Executive...
Angels of the Industry 2001
Dec 10 2001 // The date of Sept. 11 has been indelibly etched into the minds of virtually every American. And yet, despite the tragic events of that day and their repercussions, at least one ray of hope has shone through—that is, the...
Police Smash Massive NYC Auto Insurance
Dec 6 2001 // Law enforcement officials announced the break up of a multi-million dollar automobile insurance fraud ring in the New York metropolitan area, resulting in charges being filed against 112 individuals and four corporations...
NAII Says NY Disaster Planning Approach Sets Example for All States
Nov 21 2001 // “The New York State Insurance Disaster Coalition (NYSID)’s masterful response to this catastrophe [the WTC attacks] proves that public and private entities working hand in hand can help mitigate even the worst...
Silverstein Claims Pair of Losses in WTC Disaster
Nov 19 2001 // The man who held the master lease on the World Trade Center is standing by his claim that the loss of the Twin Towers on Sept. 11 was two losses, not one, despite the call by insurer Swiss Re that there was only one loss...
