Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Maurice ‘Hank’ Greenberg Wins Leadership Award From Yale University
Dec 20 2011 // Maurice R. Greenberg, Chairman and CEO of Starr Companies, was awarded the Lifetime of Leadership Award from the Yale Chief Executive Leadership Institute, Yale School of Management. The Starr Companies chief received the...
XL Hires Another ACE Executive for Its New York Team
Dec 20 2011 // XL Group’s North America primary casualty group appointed industry veteran Jay Lefkowitz to a newly created position of head of U.S. risk management. Lefkowitz is based in New York and reports to Ken Riegler, who is...
Insurance Charitable Foundation Awards a Record Number of Grants
Dec 15 2011 // The Insurance Industry Charitable Foundation (IICF) New York/Northeast division awarded a record number of grants at its 2011 benefit dinner on Wednesday in New York City. In total, grants were awarded to 14 charitable...
N.Y. Consumer Report Accuses Insurers of Needlessly Raising Rates
Dec 15 2011 // A new consumer advocacy report is accusing P/C insurers of ‘colluding’ and needlessly raising commercial insurance rates at a time when U.S. businesses are still reeling from the slow economy. The report,...
XL Hires ACE Exec as N.Y.-based President of America Casualty Business
Dec 15 2011 // XL Group’s North America property/casualty unit hired Ken Riegler as president of its North America casualty group. He will be based in New York and report to Seraina Maag, XL chief executive for North America...
N.Y.-based USI Insurance Services Acquires Bluff Head Enterprises
Dec 13 2011 // USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., has completed its acquisition of Bluff Head Enterprises in Rhode Island. Bluff Head Enterprises is a Wakefield, Rhode...
N.Y. Authorities Say 18 People Arrested on Workers’ Comp Fraud Charges
Dec 12 2011 // New York State Department of Financial Services announced last week that 18 people in 13 New York counties have been arrested on workers’ comp fraud charges. These arrests were the result of joint investigations led...
FEMA, N.Y. Officials Settle Dispute Over Flood Insurance Regulation
Dec 12 2011 // Federal Emergency Management Agency (FEMA) issued a new bulletin telling insurers that they should cooperate with state regulators on questions regarding federal flood insurance. There has been an ongoing turf battle...
Post-Irene Rebuilding Could Take Several More Months, N.Y. Group Says
Dec 9 2011 // This year’s hurricane season was an unusually costly and damaging one for New York State residents. And as the winter sets in, it will take several more months for people in areas ranging from Adirondack Mountains to...
TD Insurance Appoints Vice President in New York
Dec 9 2011 // TD Insurance, a subsidiary of TD Bank, is expanding in Long Island, New York, and appointed Peter Kane as vice president and regional market producer of commercial lines for the region. Kane brings 16 years of insurance...
Deadline Nears for Fed Aid for New York Flood Victims
Dec 8 2011 // The Federal Emergency Management Agency says there are only eight days left for New Yorkers affected by Hurricane Irene and Tropical Storm Lee to register for possible federal disaster assistance. Dec. 15 is the...
Ernst & Young Sued for $900M Over Madoff Audits
Dec 6 2011 // Ernst & Young LLP has been sued for $900 million by the liquidators of a fund that once funneled money to the now-imprisoned swindler Bernard Madoff. The lawsuit, filed on behalf of M-Invest Ltd, accused Ernst &...
People
Dec 5 2011 // New York-based Alleghany Corp., which announced its deal to acquire reinsurer Transatlantic in November, appointed Joseph Brandon as executive vice president of Alleghany and president of Alleghany Insurance Holdings. He...
NYC PIP Costs Rising
Dec 5 2011 // Personal injury protection (PIP) claims closed in 2010 show that claimed losses for medical expenses, lost wages, and other expenses from auto accident injuries in New York City rose 70 percent over the past decade,...
Starr International Files $25B Lawsuit Against U.S., Calling AIG Takeover ‘Unconstitutional’
Dec 5 2011 // A company run by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg sued the U.S. government for $25 billion, calling the 2008 federal takeover of the insurer...
Business Moves
Dec 5 2011 // Alleghany Corp., Transatlantic Holdings New York-based Transatlantic Holdings Inc., which called off a merger deal with Allied World Assurance Co. in September, agreed to be acquired by Alleghany Corp. in New York. The...
Leading By Creating
Dec 5 2011 // Top 100 Agency Profile Agency Name: Confie Seguros, trading under Freeway Insurance Headquarters: New York, N.Y. Year Founded: 2008 Additional Locations: California, Arizona, Washington, Oregon, Texas, New York, New...
N.Y. Loosens Regulations for Large Commercial Insureds
Dec 5 2011 // New York State Department of Financial Services issued new rules to implement a new state law that deregulates most insurance business for large, sophisticated companies and public entities. The law exempts insurers from...
Investment Firm AssuredPartners Acquires N.Y.-based Agency SKCG Group
Dec 2 2011 // AssuredPartners, a portfolio company of Chicago-based private equity firm GTCR, has purchased SKCG Group, a White Plains, N.Y.-based agency. The company said the SKCG acquisition provides a strategic asset and an...
IIABNY Advises Motorists: Don’t Skimp On Auto Liability Insurance
Dec 1 2011 // The Independent Insurance Agents & Brokers of New York is advising motor vehicle owners not to skimp when they buy auto liability insurance. Auto liability insurance pays for amounts the insured person owes as damages...
