Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Advisen in New York Hires 2 Execs to Lead New Analytics Unit
Apr 16 2012 // Advisen Ltd., an insurance analytics and market information provider headquartered in New York, appointed Seth Rachlin and John Pagliaccio to lead the newly formed information and analytics business unit. As president of...
East Insurance Employment: Hiring Is ‘Slightly Elevated’ in 2012
Apr 16 2012 // The insurance employment market in the East and Northeast regions — as in most other parts of the country — can be summed up the following way: hiring is “slightly elevated” compared to last year, but there...
Business Moves – East
Apr 16 2012 // BB&T Corp., Crump Group BB&T Corp., a major regional bank and insurance broker based in Winston-Salem, N.C., completed its previously announced acquisition of insurance businesses from Crump Group, a Roseland,...
N.Y. Regulators Expand Probe Into Force-Placed Insurers
Apr 16 2012 // New York regulators are expanding their investigation into the so-called force-placed insurance that target homeowners in financial distress. Benjamin Lawsky, the state’s superintendent for the financial services...
People – East
Apr 16 2012 // Marsh & McLennan Companies’ CEO Brian Duperreault has been named chairman of the Federal Advisory Committee on Insurance (FACI). His appointment was confirmed in late March by Federal Insurance Office (FIO)...
New York State Senate Passes Auto Insurance Fraud Measures
Apr 16 2012 // New York lawmakers want to slam the brakes on the auto insurance fraud. Late last month, the state’s Senate passed three bills to fight auto insurance fraud. These measures are now in the state Assembly for...
160-Year Old Hanover Retaking Its Place as P/C Industry Leader
Apr 16 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 billion heavily...
N.Y. Gov. Cuomo Orders Statewide Health Insurance Exchange
Apr 13 2012 // Gov. Andrew Cuomo issued an executive order Thursday to establish a statewide health insurance exchange intended to reduce coverage costs for individuals, small businesses and local governments. The New York Health Benefit...
N.Y. Launches Online App for Downloading P/C Rate and Form Filings
Apr 13 2012 // New York regulators launched a new online application to make it easier for the public to look at the data used by property/casualty insurers to support rate increases, introduce new products or change existing insurance...
N.Y. Gov. Cuomo Says State to Cover More Flood Costs
Apr 13 2012 // New York Gov. Andrew Cuomo says the state will cover more local costs for recovery from the storms that flooded parts of New York last summer. His office says the state will make $61 million available to 25 counties to...
New York Auditors Cite Medical Insurance Overpayments
Apr 13 2012 // State auditors say the New York State Health Insurance Program erroneously paid up to $11 million for special items like implants, drugs and evaluation procedures for public employees that were not provided. Comptroller...
GEICO Appoints 2 Vice Presidents in New York Regional Offices
Apr 12 2012 // GEICO, a Chevy Chase, Md.-headquartered auto insurance unit of Berkshire Hathaway, appointed two vice presidents in New York regional offices. John Pham has been named vice president of GEICO’s Woodbury, N.Y.,...
N.Y. Court Ruling May Open Door for More Asbestos Suits Against Pfizer
Apr 11 2012 // A New York federal appellate court ruling yesterday could allow more asbestos liability suits to proceed against pharmaceutical giant Pfizer. The appellate court’s decision affirms the previous ruling last year from...
Firefighters Battle a Series of Brushfires in Northeast
Apr 11 2012 // Dry conditions and high winds have triggered a number of brushfires in Northeastern states in past few days. Here is a roundup of stories from the Associated Press. New York New York State park rangers are battling a brush...
Reebok, Nike Settle Suit Over Tebow Apparel Sales
Apr 10 2012 // Reebok International Ltd. agreed to settle a lawsuit by rival Nike Inc. and will stop selling New York Jets football apparel with the name of the team’s popular new quarterback, Tim Tebow. According to settlement...
Worldwide Facilities Acquires N.Y.-based Wholesaler Privett
Apr 10 2012 // Worldwide Facilities, a Los Angeles-based independent surplus-lines broker and managing general agency, acquired assets of Privett Special Risk Services, a New York City-based wholesaler. Privett Special Risk Services was...
N.Y. Judge Approves Deal Over Tunnel Minority Hiring
Apr 9 2012 // A New York judge has approved the $7.5 million settlement of civil fraud claims over minority hiring against two construction companies building a tunnel connecting the Long Island Rail Road to Grand Central...
New Jobs Act Does Not Reduce Management Liability
Apr 9 2012 // Any U.S. corporate executives who think they can use the Jobs Act’s relaxed rules for public listing to cut corners on accounting and disclosure may want to think again. The Act, signed into law by President Barack...
Force-Placed Insurers on Hot Seat as N.Y. Regulators Expand Probe
Apr 6 2012 // New York regulators are expanding their investigation into the so-called force-placed insurance that target homeowners in financial distress. Benjamin Lawsky, the state’s superintendent for the financial services...
A Chartis Underwriter Joins Great American Insurance’s N.Y. Office
Apr 6 2012 // Cincinnati, Ohio-headquartered Great American Insurance Group said its environmental division appointed Eric McCabe as divisional assistant vice president for its newly opened New York City office. McCabe joins Great...
