Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
People – East
Jan 28 2013 // Marsh, the insurance broking division of N.Y.-based Marsh & McLennan Cos., appointed Brenda Shelly as the firm’s new U.S. directors and officers liability (D&O) product leader. Shelly, who has relocated from...
N.Y. Gov.: New Workers’ Comp Bill Will Offer Relief to Businesses
Jan 28 2013 // New York State Gov. Andrew Cuomo said his administration plans to introduce new legislation to continue to improve the workers’ compensation system and provide relief to thousands of businesses. The new proposals...
A Plan for New York to Prepare for Catastrophes
Jan 28 2013 // New York State’s NYS 2100 Commission, created in the wake of Sandy to offer recommendations on ways to better prepare for natural disasters, is out with its initial report, including a section on potential changes to...
Industry Groups Applaud N.Y. Gov. Cuomo’s Workers’ Comp Reform Proposal
Jan 25 2013 // New York Gov. Andrew Cuomo’s proposal to strengthen the state’s workers’ compensation system — officially introduced on Jan. 22 as part of his 2013-2014 executive budget — is getting a...
N.Y.-Based WKFC Underwriting Managers Hires Executive Vice President
Jan 25 2013 // Melville, N.Y.-based WKFC Underwriting Managers appointed Brian Specht as executive vice president, professional lines. In his new role, Specht will be responsible for driving new business and product development across...
N.Y. Insurers’ Sandy Response ‘Report Card’ Shows 0.48% Claims Complaint Rate
Jan 24 2013 // The New York regulators’ latest “report cards” on the performance of insurers in the wake of Superstorm Sandy shows that 1,830 consumer complaints have been filed from 381,827 Sandy-related claims —...
Scottish American Capital Acquires N.Y.-Based MGA Buckingham Badler
Jan 23 2013 // New York-based investment fund Scottish American Capital has acquired managing general agent Buckingham Badler Associates, also of New York. Founded in 1973, Buckingham Badler Associates is based in Staten Island, N.Y.,...
Some Decry Damaged Cars at New York Runway Site on Long Island
Jan 21 2013 // Environmentalists are decrying the placement of 18,000 damaged automobiles on a runway at a defunct defense plant on eastern Long Island, N.Y. The vehicles were destroyed by flooding from Superstorm Sandy. The town...
Marsh Names U.S. D&O Liability Product Leader in New York
Jan 18 2013 // Marsh, the insurance broking division of Marsh & McLennan Cos., announced that Brenda Shelly, a veteran management liability broker and underwriter, has been appointed the firm’s new U.S. directors and officers...
A.M. Best Withdraws Ratings of Community Mutual Insurance Co. in N.Y.
Jan 17 2013 // Insurance ratings agency A.M. Best Co. said it has downgraded the financial strength rating to C (Weak) from C+ (Marginal) and the issuer credit rating to “ccc” from “b-” of Community Mutual...
After Sandy, N.Y. Assembly Advances ‘Homeowners Bill of Rights’ Legislation
Jan 17 2013 // A leading New York lawmaker introduced two pieces of legislation this month to help homeowners better understand their insurance coverages and to tighten the timeframe requirements for insurers when responding to claims...
House Sends $50.5 Billion Sandy Disaster Aid Bill to Senate
Jan 15 2013 // The House of Representatives on Tuesday approved $50.5 billion in long-delayed federal disaster aid to victims of Superstorm Sandy, but not before Republicans flexed their budget-cutting muscle to strike some spending...
Flood Walls for Subways: N.Y. Commission Urges Safeguards Against Future Storms
Jan 14 2013 // A commission formed to examine ways to guard against storms like Sandy released a report Jan. 11 that calls for flood walls in subways, water pumps at airports and sea barriers along the coast. The final report was first...
AIG Sues to Preserve Right to Sue Bank of America, Others Over Mortgage Debt
Jan 14 2013 // American International Group Inc. has filed a lawsuit against a vehicle created by the Federal Reserve Bank of New York to help bail out the insurer, in a bid to preserve its right to sue Bank of America Corp .and other...
2013 Insurance Industry Meetings & Conventions Directory
Jan 14 2013 // JANUARY P/C Insurance Joint Industry Forum Jan 15 Waldorf Astoria Hotel, New York, NY Insurance Information Institute www.iii.org 2013 Big ‘I’ Winter Meeting Jan 16-20 The Westin Mission Hills Resort & Spa,...
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...
