Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Banks to Expedite Endorsing Claim Checks
Jan 14 2013 // New York Gov. Andrew Cuomo announced last month that major banks and mortgage servicers have been instructed to take action to expedite insurance payments to New York homeowners in the wake of Sandy. Currently, insurance...
People – East
Jan 14 2013 // The newly elected officers of the National Association of Insurance Commissioners (NAIC) for 2013 assumed their duties on Jan. 1. They are: Louisiana Insurance Commissioner Jim Donelon as NAIC president; North Dakota...
Readying for Sandy, New Jersey Transit Erred in Modeling Storm
Jan 13 2013 // New Jersey Transit incorrectly used federal government software that otherwise could have warned officials against a disastrous decision to leave hundreds of millions of dollars worth of equipment in a low-lying rail yard...
N.Y. Gov.: New Workers’ Comp Legislation Will Offer Relief to Businesses
Jan 11 2013 // New York State Gov. Andrew Cuomo said this week his administration plans to introduce new legislation to continue to improve the workers’ compensation system and provide relief to thousands of businesses.N.Y. Gov....
New York Senator Pitches Mold Relief in Sandy Aid Bill
Jan 11 2013 // New York Sen. Charles Schumer, D- N.Y., says the second part of the Sandy relief aid package includes as much as $1 billion to help homeowners deal with mold remediation.Workmen in Oceanside, N.Y., remove storm-damaged...
N.Y. Lawmakers Introduce Bill to Cap Hurricane Deductibles at $1,500
Jan 10 2013 // New York legislators have introduced a bill this week that seeks to cap the percentage-based hurricane deductibles for homeowners’ insurance or dwelling fire personal lines policy in New York State at $1,500.The New...
Zurich in North America Names Chief Risk Engineering Officer in N.Y.
Jan 9 2013 // Zurich in North America (ZNA) has appointed Thomas Fioretti as chief risk engineering officer. He will be based in New York. In this role, Fioretti will be responsible for the ongoing development and delivery of risk...
Marsh & McLennan Senior VP Moves to Integro in New York
Jan 9 2013 // Insurance brokerage and risk management firm Integro appointed Nick Trent as a principal in its property practice. He will be based in the firm’s New York office.Nick TrentTrent brings to Integro more than 23 years...
AIG Says It Has Obligation to Consider Bailout Lawsuit; Critics Pounce
Jan 9 2013 // American International Group Inc., the insurer rescued by the U.S. government in 2008, said on Tuesday it is considering joining a lawsuit that claims the bailout terms were unfair, drawing angry condemnation from...
Right Street: A Plan for New York to Prepare for Catastrophes
Jan 8 2013 // New York State’s NYS 2100 Commission, created by Gov. Andrew Cuomo in the wake of Hurricane Sandy to offer recommendations on ways to better prepare for natural disasters, is out with its initial report, including a...
AIG May Join Suit Against Federal Government Over ‘Unfair’ Bailout Terms
Jan 8 2013 // American International Group Inc., the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may join a lawsuit against the government alleging the terms of the deal were...
New York AG Can’t Stop $115M AIG Settlement with Ex-CEO Greenberg, Others
Jan 8 2013 // New York Attorney General Eric Schneiderman cannot stop a $115 million settlement between American International Group Inc. shareholders and the insurer’s former chief executive and others, a U.S. judge ruled on...
N.Y.-Based Russell Bond Names Senior Broker
Jan 8 2013 // Buffalo, N.Y.-based insurance wholesaler Russell Bond & Co. Inc. recently appointed Les Dalmata as senior broker operating from the Utica, N.Y. area.Les DalmataHis responsibilities include production of property,...
Sandy Victims in N.J., N.Y., Blast Delays in Flood Insurance Aid
Jan 6 2013 // Even as Congress passed the first part of an aid package for victims of Superstorm Sandy, many victims seethed, wondering why it took so long. The $9.7 billion measure approved on Friday, Jan. 4, allows the National Flood...
Russell Bond Buys Independent Garage and Towing Contractors Services in N.Y.
Jan 4 2013 // Buffalo, N.Y.-based insurance wholesaler Russell Bond & Co. Inc. recently acquired Independent Garage and Towing Contractors Services Inc. (IGTC), also of Buffalo. IGTC is a nationwide insurance purchasing group...
New York Troopers Issue 33,000 Tickets Through Holidays
Jan 4 2013 // New York State Police say they issued more than 33,000 traffic tickets and arrested 538 people for driving while intoxicated statewide in a campaign that began Dec. 14 and continued through the holidays until Jan. 1. Part...
Munich Re 2012 Cat Report Underscores Extreme Weather in U.S.; Sandy Losses
Jan 3 2013 // The figures for natural catastrophse that occurred in 2012 are “dominated by weather extremes in the USA,” according to a report from Munich Re. The reinsurers said the U.S. “accounted for a higher...
House to Vote on Flood Insurance Funds on Friday; Sandy Aid Later
Jan 2 2013 // Under fire from fellow Republicans from Sandy-stricken New York and New Jersey, House Speaker John Boehner, R-Ohio, today agreed to hold two separate votes on storm relief including one vote on Friday to make about $9...
House Republicans Look to Split $60B Sandy Aid Bill in Half
Jan 1 2013 // The U.S. House of Representatives is expected to split a $60.4 billion Superstorm Sandy disaster aid bill into two parts, staging votes on $27 billion to fund immediate recovery needs and $33 billion for long-term and...
Looking Back at Insurance News of 2012: The Year’s Biggest Stories
Dec 31 2012 // With less than a day left until the end of the year, here’s a look back at some of the biggest property/casualty insurance news stories in 2012 that impacted the Northeast region, in chronological order: Top Investor...
