Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Workers’ Comp Fraud Leads to Jail Time for Hatchery Owner
Oct 18 2010 // The owner of an upstate New York fish hatchery has been sentenced to 60 days in jail for worker’s comp fraud, the New York State Insurance Department said. Edward Panus, was also ordered to repay $4,500 in benefits...
Workplace Deaths Decline in New York City
Oct 18 2010 // The recession and slowdown in construction activity in New York City had a silver lining last year: A reduction in workplace deaths. The federal Bureau of Labor Statistics reported that there were 63 workplace fatalities...
People
Oct 18 2010 // The Hartford appointed Lisa Morgan senior vice president of its middle market commercial insurance business. She will lead The Hartford’s $2 billion middle market commercial insurance unit that provides the...
New York Lawsuit Claims Citigroup Used Recession to Fire Women
Oct 15 2010 // Citigroup was accused in a new lawsuit filed of using companywide layoffs during the recent financial turmoil to purge its work force of scores of female employees to save the jobs of less-qualified men. The lawsuit filed...
New York Panel Hears Homeowners Reform Proposals
Oct 15 2010 // New York insurance regulators proposed a series of tweaks to the state’s coastal homeowners insurance market this week, but it will probably be months before the state panel tasked with evaluating the proposals makes...
Workplace Deaths Decline in New York City
Oct 8 2010 // The recession and slowdown in construction activity in New York City had a silver lining last year: fewer workplace deaths. The federal Bureau of Labor Statistics reported that there were 63 workplace fatalities in the...
Settlements Reached in Deadly New York Plane Crash
Oct 8 2010 // Families of at least five passengers killed when a plane crashed into a home last year have reached settlements with the airlines involved, and more agreements are expected before a wrongful-death trial begins, lawyers...
Florida Medical Malpractice Insurance Market Found in Good Health
Oct 6 2010 // Medical malpractice insurers writing in Florida earned an average return on surplus of 6.6 percent in 2009, their sixth straight profitable year, although their profits were lower than in 2008. That’s one of the news...
Brown & Brown Acquires Martin Benefits
Oct 6 2010 // Insurance broker Brown & Brown Inc. has acquired New York-based Martin Benefits Consulting and Martin Human Resources. Terms of the deal were not disclosed. The businesses — which have combined annual revenues of...
New York Insurance Exchange Plan Hinges on Industry Support
Oct 4 2010 // Shifting Political Winds, $25 Million Price Tag Create Hurdles New York regulators say the plan to re-launch a Lloyd’s-style exchange in the city is forging ahead, but they’re looking to hand the reins to the...
People
Oct 4 2010 // Salt Lake City-based The Buckner Co. named Mark A. Oligschlaeger executive vice president/chief operations officer. He joins the insurance firm after having spent the past 12 years working for Leucadia National Corp.,...
Clock is Ticking on Surplus Lines Tax Reform
Oct 4 2010 // With Less Than a Year to Go, Can States Agree on Tax Sharing Plan? The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to...
Safeco Names Alexander Regional General Manager in California
Oct 1 2010 // Safeco Insurance has appointed Chris Alexander to regional general manager for its California region personal lines operation. Alexander will be based in Aliso Viejo, Calif., and comes to this position from New York, where...
New York Agents Group Praises Coastal Reform Plan
Oct 1 2010 // A key trade group for insurance agents in New York is lauding a proposal by regulators to reform the coastal homeowners insurance market in the state. The Independent Insurance Agents & Brokers of New York (IIABNY)...
C.V. Starr Opens Political Risk Department in New York
Sep 30 2010 // Starr Underwriting Agents Limited and Starr Specialty Lines Insurance Agency, LLC (“Starr Specialty”), both subsidiaries of C. V. Starr & Co., Inc., have recently expanded their geographic reach with the...
U.S. Expects Plan to End Government Ties to AIG By Next Week: Report
Sep 29 2010 // The Obama administration hopes to announce by next week a plan to end its support of insurance giant American International Group Inc., the New York Times reported Tuesday, quoting unnamed sources. That announcement would...
Starr Opens Political Risks Unit in New York
Sep 28 2010 // C.V. Starr & Co. said it has opened a Political Risks underwriting unit in New York City. Keith Dunford has been named underwriting manager for the unit, which will market Political Risks products as well as structured...
Judge Refuses to Dismiss Securities Fraud Lawsuit Against AIG
Sep 27 2010 // A judge refused to dismiss a securities fraud lawsuit accusing American International Group Inc. of misleading investors about its exposure to subprime mortgages, which led to a liquidity crisis and $182.3 billion of...
Insurers Blast New York Coastal Homeowners Insurance Reform Plan
Sep 27 2010 // Insurers are blasting a proposal by New York regulators to reform the state’s coastal homeowners insurance market, a plan one exec called “a solution in search of a problem.” “The insurance industry...
Geico Lawsuits Target New York No-Fault Fraud Schemes
Sep 27 2010 // Geico is seeking $9 million in damages in three fraud lawsuits alleging that a medical equipment supply supplier and its attorneys, a radiology practice in Brooklyn and a Queens medical facility submitted thousands of...
