Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Man Harnesses Social Media to Protest Against Progressive
Aug 15 2012 // Progressive Corp. is getting a lot of attention in the social media world this week. But it’s clearly not the kind of attention the insurer wants to get. On Monday, a New York-based comedian named Matt Fisher posted...
Standard Chartered Reaches $340 Million Settlement in New York over Iran
Aug 15 2012 // Standard Chartered Plc agreed to pay $340 million to New York’s bank regulator over transactions linked to Iran, in a speedily arranged deal that helped push up the emerging market-focused lender’s shares. The...
N.Y. Businessman Charged With $10M Insurance Fraud Scheme
Aug 14 2012 // A businessman who owned fleets of commercial vehicles in New York is accused of defrauding insurers of at least $10 million. The defendant, Scott Sanders, is charged with submitting fraudulent insurance applications to get...
Aon Hewitt Hires Lead Health and Benefits Strategist in New York
Aug 13 2012 // Aon Hewitt, the global human resource consulting business of Aon plc, recently hired John Asencio as senior vice president in the New York office. In his new role, Asencio will serve as the lead health and benefits...
Disabled Drivers in N.Y. Pay 28% More for Auto Insurance, Study Says
Aug 13 2012 // A new study found that drivers with disabilities in New York City pay 28 percent more for their auto insurance on average compared to non-disabled individuals. The study says that vehicles modified to accommodate disabled...
N.Y.-Based Preferred Concepts Hires Senior Property Underwriter
Aug 13 2012 // Preferred Concepts LLC, a program underwriter and specialty insurance broker based in New York City, has appointed Robert Lynch as senior vice president and senior property underwriter for its Preferred underwriting...
N.Y.-Based Broker Sterling & Sterling, Hyde Agency Form Joint Venture
Aug 10 2012 // Sterling & Sterling Inc. an insurance broker based in Woodbury, N.Y., and The Hyde Agency, a specialty surety bond broker in New York City, are forming a joint venture under the name SterlingHyde Group. This new...
N.Y. Cardinal Suing Obama Over Birth Control Coverage Invites Him to Dinner
Aug 9 2012 // New York’s Roman Catholic cardinal is suing the Obama administration, but he’s inviting President Barack Obama to dinner anyway. The Archdiocese of New York said Tuesday that Cardinal Timothy Dolan has asked...
New York Enacts Law Allowing Gifts Worth Up to $25 From Producers
Aug 9 2012 // New York State Gov. Andrew Cuomo signed a bill this month that allows property/casualty insurers, brokers and agents to give gifts worth up to $25 to insureds or prospective clients during the insurance sales process. The...
N.Y. Man Pleads Not Guilty in Father’s Fake Death Plot
Aug 9 2012 // A New York man accused of helping his father try to fake his own death by falsely reporting that the elder man had disappeared while going for a swim was arraigned Tuesday on conspiracy to commit insurance fraud and other...
XL Names Chief Underwriting Officer for Primary Casualty Unit in N.Y.
Aug 8 2012 // XL Group plc has appointed Barbara Luck as chief underwriting officer in its North America primary casualty business. Based in New York, Luck will assume her new position on August 13. She will report to Ken Riegler,...
U.S. Regulators Angered By N.Y. Action Against StanChart
Aug 8 2012 // The U.S. Treasury Department and Federal Reserve were blindsided and angered by New York’s banking regulator’s decision to launch an explosive attack on Standard Chartered Plc over $250 billion in alleged money...
Son of N.Y. Man Who Vanished at Beach Is Charged With Insurance Fraud
Aug 8 2012 // A man who reported his father missing at a New York beach was charged Monday with insurance fraud and filing a false report several days after his father turned up alive in South Carolina, following a massive air and water...
Gilbert Steps Down as Chairman of N.Y.-Based Holborn Corp.
Aug 7 2012 // Holborn Corporation, a reinsurance intermediary based in New York, said John Gilbert has stepped down as chairman of the board of directors, a position he has held since 2005. John GilbertGilbert — who first joined...
Howden Specialty Underwriters Appoints Head of New York Office
Aug 7 2012 // Howden Specialty Underwriters (HSU), part of Hyperion Insurance Group, has appointed Scott Misson to lead its recently opened New York office. He will become a member of the executive team and will report to Bobby Vernon,...
UK Bank May Have Hidden $250 Billion in Iran Deals; May Lose U.S. License
Aug 7 2012 // New York’s top bank regulator threatened to strip Standard Chartered Plc of its state banking license, saying the British bank was a “rogue institution” that hid $250 billion in transactions tied to Iran,...
N.Y. Pilot Program Allows Colleges to Self-Fund Student Health Plans
Aug 6 2012 // A pilot program now underway in New York State will allow large universities to self-fund student health plans, with the goal of providing health coverage to students at a lower cost. The program is the result of...
WKFC Underwriting Managers Appoints Chief Casualty Officer in New York
Aug 6 2012 // Melville, N.Y.-based WKFC Underwriting Managers has appointed Adam Schnell as chief casualty officer. In his new role, Schnell will focus on developing new casualty product offerings with an emphasis on products liability...
N.Y. Approves Mutual Bond Insurer for Muni Market
Aug 6 2012 // New York State’s Department of Financial Services announced on July 23 that it has licensed Build America Mutual Assurance Company (BAM) to operate as the first mutual bond insurer serving the U.S. municipal market...
New York to Lower Workers’ Comp Rates by 1.2%
Aug 6 2012 // New York Gov. Andrew Cuomo announced on July 17 that New York State employers will see a reduction in workers’ comp premium rates. The governor said rates to policyholders will see a decrease of 1.2 percent in the...
