Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Approves NYCIRB’s Revised Workers’ Comp Loss Cost Filing
Jul 16 2013 // The New York Department of Financial Services on Monday approved a revised loss cost filing from the New York Compensation Insurance Rating Board (NYCIRB) with an effective date of Oct. 1, 2013. As a result, policyholders...
New York Judge to Rule If WTC Developer Can Seek Damages From Airlines
Jul 16 2013 // A federal judge is days away from deciding if New York developer Larry Silverstein can recover as much as $3.5 billion from airlines for damages to the World Trade Center on Sept. 11, 2001, on top of more than $4 billion...
Huge Post-Sandy Tax Increases Fail to Materialize
Jul 15 2013 // With all the fears that Superstorm Sandy created, here’s one that never materialized: huge tax increases to make up for property destroyed along the coastlines of New Jersey, New York and Connecticut. Waves of...
AIG Ex-Chief Greenberg Sues Spitzer for Defamation
Jul 14 2013 // Former American International Group Chief Executive Maurice “Hank” Greenberg sued Eliot Spitzer on Friday, alleging the former New York governor defamed him in several statements to the press, according to the...
New York Recovers $1.1B in Unclaimed Life Insurance Benefits
Jul 11 2013 // New York officials say they have helped recover more than $1.1 billion in unclaimed life insurance benefits nationwide. The state’s Department of Financial Services says Wednesday that many insurance companies were...
USI’s N.Y. Office Appoints Exec to Assist Clients’ Workplace Wellness Programs
Jul 10 2013 // USI Insurance Services’ metropolitan New York office recently appointed Karen Smith as director of its new clinical solutions department. In her role, Smith assists clients in creating workforce wellness programs...
Will Bernanke Testify in Greenberg’s Bailout Lawsuit?
Jul 10 2013 // U.S. Federal Reserve Chairman Ben Bernanke shouldn’t be compelled to testify in Maurice “Hank” Greenberg’s lawsuit over the government’s bailout of American International Group Inc., the...
Asiana Could Save Millions Under Provision Limiting Passenger Suits in U.S.
Jul 9 2013 // Asiana Airlines Inc. could avoid hundreds of millions of dollars in verdicts and settlements by employing a tactic under international law to bar Chinese and South Korean passengers from suing in victim-friendly U.S....
New Jersey Utility Sues 11 Insurers Over Sandy Storm Coverage
Jul 8 2013 // Public Service Enterprise Group Inc., the largest provider of gas and electric service in New Jersey, sued 11 insurers, including American International Group Inc., over losses from Hurricane Sandy. PSE&G, which...
2 New York Utilities Sued for 120 Sandy-Burned Homes
Jul 7 2013 // About 120 home owners from the tight-knit enclave of Breezy Point in Queens, New York, that was devastated by fires during Superstorm Sandy are suing two utility companies for negligence. A lawsuit filed on July 2 in state...
Insurers, State Regulators Try to Block Bank-Like Rules by Federal Reserve
Jul 3 2013 // MetLife Inc. and Prudential Financial Inc. have been joined by state regulators challenging the Federal Reserve on how to oversee the biggest insurers under the Dodd-Frank law. The insurers and watchdogs are pressuring the...
Zurich’s Broker Relationship Leader Moves to Berkshire Hathaway Specialty
Jul 3 2013 // Berkshire Hathaway Specialty Insurance — the new commercial P/C insurance unit of Berkshire Hathaway — appointed Lori Spoon Rafkin as senior vice president, customer and broker engagement. Spoon Rafkin was...
Gov. Cuomo Requests Disaster Declaration for NYS After Mohawk River Flooding
Jul 2 2013 // New York Governor Andrew Cuomo on Monday formally requested that President Obama issue a major disaster declaration for the State of New York as a result of severe storms and major flooding that occurred on June 27 and...
Swiss Re, Lloyd’s Among Insurers Probed by N.Y. on Iran Sanction
Jul 1 2013 // Swiss Reinsurance Co. and Lloyd’s of London, the world’s oldest insurance market, are among insurance companies being probed by New York’s insurance regulator about their compliance with an expanded Iran...
N.Y. Senator Gillibrand to FEMA: Review Flood Insurance Rules
Jul 1 2013 // U.S. Sen. Kirsten Gillibrand (D-N.Y.) has asked the Federal Emergency Management Agency to review rules that resulted in insurance coverage denials for some Superstorm Sandy victims. Gillibrand’s letter last week...
Confie Seguros Acquires CW Baker, Lewiston Insurance Agencies in New York
Jul 1 2013 // Hispanic market-focused insurance agency network Confie Seguros announced the acquisition of CW Baker Insurance Agency and Lewiston Insurance Agency, two providers of standard and preferred personal insurance located in...
Business Moves
Jul 1 2013 // Heffernan, Consuasor Insurance Walnut Creek, Calif.-based Heffernan Insurance Brokers recently acquired Consuasor Insurance Advisors in New York. Founded in 2006, Consuasor is a multi-lines middle market broker with...
N.Y. Attorney General Announces Conviction in Multi-Million Dollar Insurance Scheme
Jun 28 2013 // New York Attorney General Eric Schneiderman announced this week the felony conviction of an insurance fraudster who scammed no-fault insurance companies out of millions of dollars. Officials said Arthur Bogoraz pleaded...
Irving Weber Associates Names Account Executive in New York
Jun 28 2013 // Irving Weber Associates Inc. (IWA Inc.) appointed Sharon Handel as account executive. In her new role, she will focus on dry cleaning insurance and commercial launderer insurance services. Handel brings six years of...
Court Grants Scientific Article Authors, Publishers Broad Protection
Jun 28 2013 // Authors and publishers of controversial scientific articles, and the companies sponsoring those articles, won broad free speech protection from a U.S. appeals court on Wednesday. The 2nd U.S. Circuit Court of Appeals in...
