Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Hayes Named Chief Exec Deputy Director at NYSIF
Jun 16 2011 // Dennis J. Hayes has been appointed chief executive deputy director of the New York State Insurance Fund (NYSIF). Hayes has 29 years experience as an attorney specializing in insurance, reinsurance and receivership matters....
New York City Police Pay More in Liability Claims Than Hospitals
Jun 16 2011 // New York City paid nearly $521 million in personal injury and property damage claims in 2010 — marking the first time in 30 years the police department’s liabilities topped those of public hospitals, according...
New York Governor Wants Tougher Penalty for Texting Drivers
Jun 13 2011 // Drivers who text behind the wheel in New York now run little risk of being pulled over by the police, but that would change under a proposal by Gov. Andrew Cuomo. The governor said Friday that he plans to introduce a bill...
Fire Pit Fuel Pulled After New York Explosions
Jun 13 2011 // A jellylike fuel made for ceramic firepots has been yanked from store shelves after a pair of explosions severely injured three people in New York. A 14-year-old Long Island boy nearly burned to death after a bottle of...
New York Health Insurance Exchange Bill Preserves Agents’ Role
Jun 10 2011 // New York agents are cheering a new Senate bill that guarantees a role for producers in the state’s health insurance exchange. A bill introduced yesterday by Sens. James L. Seward (R-Milford) and Kemp Hannon (R-Garden...
Court Approves Majestic Insurance Rehabilitation Plan
Jun 6 2011 // A San Francisco Superior Court has approved California Insurance Commissioner’s rehabilitation plan for Majestic Insurance Co., a failed workers’ compensation insurance carrier. Under the plan, Majestic’s...
Agents Warn of Insurance Complications for NYC Contractors
Jun 6 2011 // Insurance agents are warning contractors in New York City that they may not be able to obtain increased coverage requirements called for by city regulations set to go into effect next week. Many of those new coverages are...
Consolidation Concerns
Jun 6 2011 // The big state agency that oversees insurance producers in New York will soon become a whole lot bigger – and that’s left a lot of agents in the Empire State wondering just how it will affect them. Later this...
Business Moves
Jun 6 2011 // Crump, Self Funded Alternatives Wholesaler broker Crump Insurance Services Inc. has acquired Self Funded Alternatives, an insurance intermediary specializing in self-insured workers’ compensation programs. SFA is...
N.Y. Financial Oversight Agency Gets First Chief
Jun 6 2011 // The New York Senate has confirmed one of Gov. Andrew Cuomo’s top aides to head the new state agency responsible for oversight of financial services – including insurance – in the Empire State. Benjamin...
People
Jun 6 2011 // New Jersey-based New Day Underwriting Managers promoted John Heft to senior vice president and director of its real estate practice. The 20-year industry veteran joined New Day in 2006, and has developed and managed the...
New York Agents Appealing Compensation Disclosure Ruling
Jun 6 2011 // The Independent Insurance Agents & Brokers of New York (IIABNY) says it is moving forward with a legal appeal of a court ruling that allowed the state to require agents to reveal their commissions to clients. The...
Hiscox Launches Small Business Coverage in Ariz., Calif., N.Y.
Jun 2 2011 // Hiscox has introduced their business owners policy (BOP) offering in Arizona, California and New York, with coverage in additional states planned for later this year. The business owner’s insurance package (BOP)...
Halvorsen Joins Lockton in New York
Jun 2 2011 // Marianne Halvorsen Lockton has hired Marianne Halvorsen as vice president and producer. Halvorsen, who will be based in New York, previously served as a vice president and client advocate with Willis. She is also an...
New York City Settles Inmate Death Lawsuit
May 31 2011 // New York City has agreed to pay $2 million to settle a lawsuit that claimed a man died in jail when his alcohol withdrawal went untreated. The New York Times says the settlement was announced in Manhattan federal court...
Lawsky Confirmed as Head of New York Regulatory Agency
May 25 2011 // The New York Senate has confirmed Benjamin M. Lawsky as superintendent of the Department of Financial Services (DFS), the combined agency overseeing insurance, financial services and related industries in the Empire...
Hotels Weigh Staff Safety Issues After IMF Chief’s Case
May 25 2011 // Hotels could arm employees with panic buttons but are unlikely to put security cameras in hotel rooms following the alleged sexual assault of a maid by former IMF Managing Director Dominique Strauss-Kahn, industry...
N.Y. Agents Appealing Compensation Disclosure Ruling
May 20 2011 // The Independent Insurance Agents & Brokers of New York (IIABNY) says it is moving forward with a legal appeal of a court ruling that forced agents in the state to reveal their commissions to clients. The group plans to...
New York Bill Takes Aim at Boating While Intoxicated
May 19 2011 // New York’s Senate wants everyone convicted of boating while intoxicated to earn a safety certificate before they could operate a boat again. The bill approved Monday by the Senate would require completion of a...
Lawsky, Wrynn to Lead New York’s Reshuffled Regulatory Arm
May 18 2011 // Benjamin M. Lawsky has been nominated as superintendent of New York’s Department of Financial Services, the combined regulator of insurance, banking and related businesses in the Empire State. The new department —...
