Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
People
Jun 7 2010 // Wholesaler Crump Insurance promoted Kevin Hahn to executive vice president. As head of New York brokerage operations, Hahn will oversee Crump’s offices in Long Island and New York, and its environmental practice. XL...
New York Insurance Regulator Hands Out Large Fines
Jun 7 2010 // New York insurance regulators have handed out some sizable fines in the last several months, according to a new report, including a $360,000 fine for a large national insurer that overcharged auto insurance customers over...
People
Jun 7 2010 // Craig A. Payan has been elected to serve as chairman of the board of directors for Itasca, Ill.-based Associated Risk Managers International Inc. Payan is president of PA&T Insurance and Financial Services, an...
People
Jun 7 2010 // Louisiana Workers’ Compensation Corp. (LWCC) President and CEO Kristin W. Wall has been elected to the board of directors of NCCI Holdings Inc., a provider of workers’ compensation and employee injury data and...
AIG on ‘Clear Path to Repaying Taxpayers,’ Says CEO Benmosche
Jun 7 2010 // But Treasury Chief Says a Full Recovery for Taxpayers Remains Uncertain The head of bailed-out insurance giant American International Group said in late May that the company was on its way to repaying the government, but a...
New York Approves Disclosure-Compensation Statement
Jun 4 2010 // New York agents can use a 226-word, boilerplate statement written by a trade group to comply with compensation-disclosure regulations that go into effect next year, state regulators said. The Professional Insurance Agents...
New York Plans Hearing over Increase in Workers’ Comp Loss Costs
Jun 2 2010 // The New York Insurance Department will hold a hearing later this month to consider a 7.7 percent in workers’ comp loss costs that has been recommended by the state’ rate service organization, the New York...
Two Falls in Two Days for New York City Construction Workers
Jun 1 2010 // One worker is dead and another injured after two separate incidents at New York City construction sites last week. In Brooklyn, a construction worker at a building going up died after he lost his balance and fell about 50...
New York City Hospital Wins Kidney Transplant-Cancer Lawsuit
Jun 1 2010 // A prominent organ-transplant hospital in New York wasn’t to blame for the death of a Singapore-born man who became riddled with cancer after getting a kidney from a donor who unknowingly had uterine cancer, jurors...
Ohio Revokes Licenses of Oklahoma, New York Domiciled Insurers
May 28 2010 // The Ohio Department of Insurance has revoked the licenses of two troubled insurance companies: Imperial Casualty and Indemnity Co. of Oklahoma City, Okla., and Atlantic Mutual Insurance Co. (AMIC) of New York, N.Y. In...
New York Man’s Kidney Transplant Gave Him Woman’s Cancer
May 28 2010 // Vincent Liew waited five years for the kidney that was supposed to change his life. Instead, the organ ended it. The kidney came from a woman who had uterine cancer, but she and doctors didn’t know it. Once her...
AIG on ‘Clear Path to Repaying Taxpayers,’ Says CEO Benmosche
May 27 2010 // The head of bailed-out insurance giant American International Group on Wednesday said the company was on its way to repaying the government, but a U.S. Treasury official said taxpayers could still face losses. AIG is...
Road Hazard: 20% of U.S. Drivers Would Flunk If Given Driving Test
May 27 2010 // The nation’s most knowledgeable drivers are in Idaho, Wisconsin, Montana and Kansas, while the least knowledgeable are in New York, New Jersey, Hawaii and California. That’s according to results from the 2009...
Trade Groups Sue New York over Pay Rules
May 26 2010 // Two trade groups for New York insurance agents are suing the state’s insurance regulator over new rules that will force them to reveal to clients how much they are paid for a particular transaction. The Independent...
Ratings: United Educators, North Country, Stonebridge, Farmers Union, Park, So. United Fire
May 26 2010 // A.M. Best Co. has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating of ‘A’ (Excellent) of United Educators Insurance, a Vermont-based...
Treasury: AIG Risk Reduced But Full Recovery for Taxpayers Uncertain
May 26 2010 // Bailed-out insurance giant American International Group has slashed its exposure to credit derivatives by nearly two-thirds under government ownership, but a full recovery for taxpayers remains uncertain, a senior U.S....
New York Insurance Regulator Hands Out Large Fines
May 25 2010 // New York insurance regulators have handed out some sizable fines in the last several months, including one for $360,000 to a large national insurer that mischarged auto insurance customers. Clarendon National Insurance...
CNA Select Risk Extends Reach with New York, Los Angeles Offices
May 25 2010 // CNA Select Risk – which includes Excess & Surplus (E&S) business, as well as Wholesale Property accounts – announces new growth in its Casualty unit with the opening of new locations in New York City...
Crane Company Admits Bribing New York City Inspector
May 21 2010 // A construction-crane company admitted Tuesday that it paid off a top city inspector to shortcut safety inspections and licensing exams in a case that helped heighten scrutiny of the towering machines that help build a city...
Ohio Regulators Revoke License of New York’s Centennial Insurance
May 19 2010 // Ohio Department of Insurance Director Mary Jo Hudson announced that the department has revoked the license of Centennial Insurance Company of New York, N.Y., for alleged violations of Ohio insurance law. Centennial...
