Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Marsh & McLenna Announces Promotion in Oliver Wyman Division in N.Y.
Jul 2 2012 // New York-headquartered Marsh & McLennan Companies Inc., has promoted Paula McGlarry to general counsel of Oliver Wyman Group, the company’s management consulting subsidiary. McGlarry also joins the Oliver Wyman...
Business Moves – East
Jul 2 2012 // USI, Lynch, Beretta and Bucci USI Insurance Services completed the acquisition of Lynch, Beretta and Bucci Insurance, a Pawtucket, R.I.-based P/C insurance agency that specializes in a wide range of personal lines,...
People – East
Jul 2 2012 // New Jersey Manufacturers Insurance Company has promoted Treasurer Charles Prall to chief financial officer. He will also serve on the insurer’s board of directors. Being named to the CFO position is an enhancement of...
Force-Placed Insurers to Submit Lower Rates in N.Y.
Jul 2 2012 // New York regulators have ordered three major insurers offering “force-placed” homeowners insurance in New York to submit proposals for new premium rates. The state’s Department of Financial Services (DFS)...
Chief Risk Officer Named for The Navigators Group in Rye Brook, N.Y.
Jun 29 2012 // Rye Brook, N.Y.-based specialty insurer The Navigators Group appointed Jennifer Yang as chief risk officer. Yang will be responsible for oversight of enterprise risk management on a global basis, reporting to Ciro DeFalco,...
N.Y. Health Plans Continue as U.S. Supreme Court Upholds Obama Law
Jun 29 2012 // State health officials are moving forward with plans to establish an insurance exchange intended to extend coverage to some 2.7 million New Yorkers without it. In April, Gov. Andrew Cuomo issued an executive order to...
Zurich Appoints COO in N.Y. for Global Corporate in North America
Jun 29 2012 // Zurich’s Global Corporate in North America (GCiNA) appointed Brad Kass as chief operations officer, based in New York. Brad Kass In his new role, Kass will be responsible for overseeing the execution of GCiNA’s...
New York Top Court Rejects Claim From Bad Investment
Jun 28 2012 // New York’s top court has rejected a request by French investors to reinstate their lawsuit over losing $43 million out of $50 million they put into two structured investment vehicles. The investors claim Barclays...
ACE USA Names Senior VP of Distribution Management in New York
Jun 27 2012 // ACE USA, the U.S.-based retail operating division of the ACE Group, has appointed Teresa Black as senior vice president of distribution management. Black returns to ACE in this new role, and will work collaboratively with...
Boat Crash in N.Y. Highlights Dangers of Boating Under the Influence
Jun 27 2012 // A fatal boat crash off Long Island, New York, is prompting a safety initiative. The Coast Guard and local law enforcers are part of the renewed effort to target unsafe conditions for boaters and residents off the coast of...
XL Expands Technology Underwriting Staff in New York, Atlanta, Chicago
Jun 26 2012 // XL Group plc has expanded its technology underwriting capabilities in New York, Atlanta and Chicago, adding six underwriters to its U.S. cyberliability underwriting group and appointing a new vice president to its Select...
Ex-N.Y. Postal Worker Pleads Guilty to $18K Workers’ Comp Scam
Jun 22 2012 // Authorities said a former U.S. Postal Service employee has pleaded guilty to receiving over $18,000 in fraudulent workers’ comp benefits. The U.S. Attorney’s Office for Northern District of New York said Thomas...
N.Y. Marriage Equality Act Lawsuit Seeks Spousal Healthcare Benefits
Jun 21 2012 // A New York hospital worker and her spouse have filed a lawsuit, saying spousal health benefits were denied to the same-sex couple. The lawsuit filed Tuesday in federal court in Manhattan sought past and future health care...
Tropical Storm Irene’s Scars Healing in Adirondacks, Catskills in N.Y.
Jun 19 2012 // A replacement for one of the most well-traveled and iconic bridges in the Adirondack High Peaks was completed and opened to hikers Sunday as crews continue to repair backcountry trail damage from Tropical Storm Irene in...
Group Warns Bills Pending in N.Y. Could Make Workers’ Comp More Costly
Jun 18 2012 // A New York-based business association warns that two bills currently before the State Legislature could rollback cost savings created in the 2007 workers’ compensation reforms. According to The Business Council of...
Business Moves – East
Jun 18 2012 // American International Group AIG’s property/casualty division Chartis announced the launch of its hospitality and leisure industry practice group, which will provide specialized insurance and risk management products...
Insurance Industry Charitable Foundation Plans to Expand Its Charitable Services to Boston
Jun 18 2012 // The Insurance Industry Charitable Foundation (IICF) is planning to expand its volunteer and charitable services to the Boston and New England region. The foundation is holding an informational meeting in Boston on June 20...
NYC Faces Greatest Financial Risk From Storms: CoreLogic
Jun 18 2012 // When people think of hurricane damage they usually think of Miami or New Orleans, but a new report suggests the greatest financial risk of all may be much farther north: the greater New York City area. Data analysis firm...
Outlook Is Cautious As Some States See Major Construction Projects
Jun 18 2012 // Apartment Communities May Be Key to Revival The overall construction industry appears to be making a recovery, albeit, a very slow one. Industry watchers say the outlook is better for big utility and public works...
Facebook, Banks Want Shareholder Lawsuits in New York Court
Jun 15 2012 // Facebook Inc. and its lead underwriters Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. have requested that shareholder lawsuits over its $16 billion initial public offering be grouped together in...
