Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Virginia Start-Up Hilb Group Acquires North Carolina, New York Agencies
Jul 14 2010 // The Hilb Group, a Virginia insurance brokerage launched in 2009 by the founder of what became one of the world’s largest brokerages along with his son, has added its first two partners as it begins building a...
Citigroup Loses Bid to Have Suit Over ‘Toxic’ Mortgages Dismissed
Jul 13 2010 // A Manhattan federal judge Monday rejected Citigroup Inc.’s bid to dismiss a class-action lawsuit by bondholders who said the bank misled them about its exposure to “toxic” mortgages. U.S. District Judge...
New York to Weigh Expanding Excess Lines Insurance List
Jul 8 2010 // New York Superintendent of Insurance James J. Wrynn said his agency will hold a public hearing on August 20 to explore the possibility of increasing insurance capacity in New York by easing access to unauthorized...
ACE Group Appoints Six New Global Client Executives
Jul 8 2010 // The ACE Group of insurance and reinsurance companies has announced the appointment of six additional global client executives in four countries: Jeff Carr and Shaun Edwards in London, Olivier Roussel in Paris, Wolfgang...
Latin Insurance Agent Groups Growing, Going Mainstream
Jul 7 2010 // A group of New York insurance agents has launched a new trade group for Latin insurance producers as well as brokers who serve the Hispanic community in the Northeast. LABA is not the first group geared toward insurance...
10 New York Students Among 58 InVEST Scholarship Winners
Jul 7 2010 // InVEST, the insurance industry’s career education program, has awarded $56,500 in scholarships to 58 college-bound students pursuing insurance-related degrees, including 10 students from New York. Patrick Moore,...
New York Workers’ Compensation Fund Premium, Accounts Down
Jul 7 2010 // For 2009, the New York State Insurance Fund reported workers’ compensation premium of $1.31 billion and disability benefits premium of $16.6 million. The competitive fund wrote 41 percent of the state’s...
Ex-Marsh Executives’ Bid-Rigging Convictions Tossed on New Evidence
Jul 7 2010 // A New York judge has thrown out the convictions of two former Marsh & McLennan Cos. executives for their roles in an insurance bid-rigging scheme that led to an $850 million settlement with the state. The defendants...
New York Approves Medical Malpractice Insurance Rate Hike
Jul 7 2010 // The average medical malpractice insurance rate increase for New York doctors this year will be five percent. The increase, which took effect July 1, follows two years of rates freezes. New York State Insurance...
Brown & Brown Acquires Meridian Group of New York
Jul 6 2010 // Florida-based insurance agency Brown & Brown has acquired Meridian Group of New York, Inc. Meridian Group, with annual revenues of approximately $1.3 million, provides life, health, and other employee benefits products...
It Figures
Jul 5 2010 // $3 Million Settlement reached between City of Boston the parents of a Boston Celtics fan who stopped breathing and later died after police took him into custody during the 2008 NBA championship celebrations. David Woodman,...
People
Jul 5 2010 // The Excess Line Association of New York has appointed Jasmin Chen Johnson as financial director. She will be responsible for conducting financial analysis, review and monitoring of all New York-eligible excess line...
Brinkman to Chair New York IICF
Jul 1 2010 // The Insurance Industry Charitable Foundation (IICF) has elected David Brinkman chair of its New York Division board of directors. Brinkman, a 26-year industry veteran, is executive managing director of Aon Benfield where...
New York Looking to Clamp Down on Self-Insured Trusts
Jun 30 2010 // New York Gov. David Paterson wants to rein in the use of self-insured trusts in the Empire State, following the recommendation of task force formed in the wake of several high-profile trust collapses over the last several...
Hurricane Alex to Hamper BP’s Gulf Oil Disaster Containment Effort
Jun 29 2010 // Tropical Storm Alex is expected to reach hurricane strength on Tuesday, with high winds and vast waves set to hamper BP Plc’s latest efforts to contain the largest oil spill in U.S. history. Shares in London-based...
Google, YouTube Beat Copyright Challenge from Viacom
Jun 24 2010 // Google Inc. won a landmark victory over media companies as a Manhattan federal judge threw out Viacom Inc.’s $1 billion lawsuit accusing the Internet company of allowing copyrighted videos on its YouTube service...
Trial Opens for Rigger in New York City Crane Collapse
Jun 24 2010 // A reckless rigger’s safety shortcuts caused a crane collapse that killed seven people, a prosecutor said as the man’s manslaughter trial began Tuesday. His lawyer said the rigger was being unfairly blamed for...
Court Tosses New York Subway Fall Suit After $2.3M Award
Jun 24 2010 // A jury said he deserved $2.3 million, but appeals judges have thrown out a lawsuit filed by a man hit by a New York City subway train after drunkenly falling on the tracks. A decision released Tuesday says jurors...
Judge’s Approach to Curbing Malpractice Suits Gets $3 Million
Jun 22 2010 // To settle medical malpractice lawsuits, Judge Douglas McKeon sometimes quietly listens to heartbroken family members vent their anger. He calls it “humanness.” Curiosity about medical matters led the longtime...
Business Moves
Jun 21 2010 // Marsh & McLennan, Kroll, Altegrity Marsh & McLennan Cos. Inc. agreed to sell investigations unit Kroll to a firm led by former Marsh CEO Michael Cherkasky for less than the insurance broker paid for Kroll six...
