Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York City Fixes Contractor Insurance Rule After Agents Sound Alarm
Jun 23 2011 // New York insurance agents are welcoming a decision by a New York City government agency that they say will make it easier for contractors to meet the city’s insurance requirements. The New York City Department of...
Law Firm Spent $7 Million to Sue Wal-Mart
Jun 22 2011 // Joseph Sellers is in the hole by about $7 million and does not expect to dig his way out any time soon. As lead counsel to the plaintiffs in the Wal-Mart Stores Inc. employment discrimination lawsuit tossed out by the...
Court Says Suit Can Proceed over WTC Tower Collapse
Jun 22 2011 // The Port Authority of New York and New Jersey can be sued for negligence over the collapse of a World Trade Center building in the Sept. 11 attacks in 2001, a U.S. appeals court ruled Tuesday. The agency is one of the most...
New York Mets: We Didn’t Shop for Madoff Ponzi Insurance
Jun 21 2011 // Owners of the New York Mets pro baseball team rejected allegations in a $1 billion lawsuit that they once shopped for fraud insurance to insulate themselves from Ponzi schemer Bernard Madoff. Fred Wilpon and Saul Katz,...
Konstantinidis Picked to Lead Swett & Crawford’s New Houston Office
Jun 21 2011 // Swett & Crawford has opened an office in Houston, Texas, headed by Senior Vice President and Property Specialist John Konstantinidis. Konstantinidis has relocated from Swett’s New York office to Houston. Swett...
Agents Warn of Insurance Complications for New York City Contractors
Jun 20 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 this month. Many of those new coverages are...
New York Health Insurance Exchange Bill Preserves Agents’ Role
Jun 20 2011 // New York agents are cheering a new State Senate bill that that would guarantee a role for agents and brokers in the state’s health insurance exchange. A bill introduced this month by Sens. James L. Seward (R-Milford)...
Court Approves Majestic Insurance Rehabilitation Plan
Jun 20 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...
Ohio Workers’ Comp Bureau Caught in Pensions’ Currency Dispute
Jun 16 2011 // Ohio Treasurer Josh Mandel has asked for a state investigation into whether banks may have manipulated foreign exchange rates charged to Ohio pension funds and the state’s injured worker insurance, potentially...
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...
