Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Court: Worker Injured on Break Entitled to Workers’ Comp Benefits
Jan 11 2012 // A New York court has ruled that a worker taking a short break does not constitute an interruption of employment, thus a worker injured during such a break is still entitled to workers’ comp benefits. The Appellate...
N.Y.-based U.S. RE Hires Guy Carpenter Exec as Senior Vice President
Jan 11 2012 // Global reinsurance broker U.S. RE Corp. appointed reinsurance veteran James Nelson as senior vice president. Nelson is a reinsurance executive with more than 30 years of experience. He served more than 30 years at Guy...
Report: N.Y. Regulators Examine Banks Over Force-Placed Home Insurance
Jan 11 2012 // New York financial regulators are reportedly investigating several major banks to find out whether they fraudulently steered homeowners into more expensive home insurance. According to The New York Times, the office of...
Heffernan Hires Fonseca as VP of Construction Practice in New York
Jan 11 2012 // Heffernan Insurance Brokers, an independent insurance brokerage headquartered in Walnut Creek, Calif., hired Victor Fonseca to join its New York office as vice president of construction practice. Fonseca brings over 17...
Endurance Promotes Boland to Senior VP in New York Office
Jan 10 2012 // Endurance Specialty Holdings promoted Mark Boland to the position of senior vice president, primary casualty insurance. In his new role, Boland will lead Endurance’s U.S. wholesale primary casualty insurance...
New York Officials to Implement Pharmacy Safety Program
Jan 10 2012 // Officials on Long Island, N.Y., are implementing a program to safeguard pharmacies in the wake of several deadly robberies. The Suffolk County initiative consists of training police and pharmacy personnel, increasing Crime...
Lockton Hires Willis Exec as Real Estate Practice Leader in New York
Jan 9 2012 // Lockton Companies appointed industry veteran Michael Power as senior vice president and Northeast real estate practice leader. Based in the insurance broker’s Manhattan, New York, office, Power will be responsible...
People
Jan 9 2012 // Starr Companies appointed Ed Navarro as head of international insurance operations. Navarro will drive Starr’s expansion for areas outside of the U.S. He’s been serving as global head of accident and health...
Charity Foundation Raises $1.2M
Jan 9 2012 // The Insurance Industry Charitable Foundation (IICF) New York/Northeast division had a packed charity dinner event last month. It was held on Dec. 14 at the Waldorf-Astoria Hotel in New York and drew more than 900...
Heffernan Hires McMurray as Account Executive in New York Office
Jan 6 2012 // Heffernan Insurance Brokers, an independent insurance brokerage headquartered in Walnut Creek, Calif., has hired Elizabeth McMurray to join its Manhattan office in New York as account executive. McMurray has over 20 years...
Two N.Y. Port Authority Retirees Sue Over Revoked Lifetime Toll Passes
Jan 5 2012 // Two retired Port Authority of New York and New Jersey police officers who became lawyers have filed lawsuits because the agency revoked lifetime toll and parking passes. Thomas Westfield filed suit on behalf of himself and...
Allstate Files $1.1M Fraud Case Against N.Y. Chiropractor Businesses
Jan 5 2012 // Allstate Insurance is seeking to recover more than $1.1 million from 16 New York-area defendants. According to its federal complaint filed last week, the insurer alleges that a chiropractor, together with one layperson and...
Jay-Z Cleared of N.Y. Workers’ Comp Board Charge
Jan 4 2012 // Jay-Z may have 99 problems, but missing workers’ comp insurance payments isn’t one of them. The judgement against the rapper and the court-ordered $18,000 fine will be vacated in a few days, according to a...
N.Y.-based Sterling & Sterling Appoints Insurance Brokerage President
Jan 4 2012 // Woodbury, N.Y.-based Sterling & Sterling appointed industry veteran Leslie Nylund as president of the insurance brokerage. Nylund will be responsible for the firm’s operations, including sales, employee...
Arthur J. Gallagher Acquires Capital Bauer Insurance in Albany, N.Y.
Jan 4 2012 // Itasca, Ill.-headquartered insurance brokerage giant Arthur J. Gallagher & Co. acquired Capital Bauer Insurance Agency in Albany, N.Y. The companies did not disclose terms of the transaction. Founded in 1957, Capital...
Ruling Boosts Bond Insurer MBIA’s Fraud Suit Against BofA’s Countrywide
Jan 4 2012 // A New York state judge made it easier for the bond insurer MBIA Inc. to pursue its $1.4 billion lawsuit accusing Bank of America Corp.’s Countrywide Financial unit of fraudulently inducing it to insure risky...
New York City Helps Upstate Towns Prepare for Future Floods
Jan 2 2012 // The catastrophic flooding from hurricanes Irene and Lee exposed planning gaps in small towns that can’t afford effective flood readiness plans. But in New York’s Catskill Mountains, partnership with New York...
Jay-Z Sued by Workers Compensation Board of New York
Dec 30 2011 // Workers Compensation Board of New York filed a lawsuit against rapper Jay-Z for allegedly failing to make workers’ comp payments worth $18,000 for his domestic employees, according to a report. Entertainment news...
New York Unions Sue State Over Retiree Health Insurance Costs
Dec 29 2011 // Unions representing state workers in New York have filed a federal lawsuit Wednesday against the Cuomo administration challenging an increase in health insurance contributions for thousands of retirees. According to the...
Auto Insurance Claim Costs Rising Again
Dec 28 2011 // Auto insurance claim costs countrywide have recently increased, reversing previous trends of declining or relatively stable costs. A new report from the Insurance Research Council (IRC), “Trends in Auto Injury...
