Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Temp-Worker Exec Charged with Insurance Fraud in New York
May 19 2010 // A temporary-worker magnate has been charged with scamming the New York State Insurance Fund out of $25 million in payments he owed for workers’ compensation insurance. Eric Goldstein pleaded not guilty Monday to...
New York Regulator Recovered $32M for Consumers in 2009
May 18 2010 // Last year, insurers in New York paid consumers $32 million and offered to reinstate 116,000 policies that had been improperly cancelled or non-renewed, according to the New York State Insurance Department’s new...
Hahn to Head Crump’s New York Offices
May 18 2010 // Wholesaler Crump Insurance has promoted Kevin Hahn to executive vice president. In his new role as head of New York brokerage operations, Hahn will oversee Crump’s offices in Long Island and New York, as well as its...
People
May 17 2010 // New York-based insurance brokerage and risk management firm Integro has hired Robert H. Easton as deputy general counsel and chief compliance officer. Easton most recently served as deputy superintendent and general...
Florida, New York Tops in Insurance Claims from Staged Accidents
May 17 2010 // Suspicious insurance claims from staged accidents are on the rise – and nowhere more than in New York and Florida, two states with no-fault statutes. Overall, the number of questionable claims from staged accidents...
People
May 17 2010 // Martha A. Lees has been named deputy superintendent and general counsel for the New York State Insurance Department. She advises the superintendent on legal matters and oversees the preparation of legal opinions, the...
Florida #1 in Staged Accident Claims
May 17 2010 // Suspicious insurance claims from staged accidents are on the rise- and nowhere more than in New York and Florida, two states with no-fault statutes. Georgia and North Carolina are also among the top states. Overall, the...
Gelia to Chair New York Agents’ Group
May 11 2010 // Insurance agent David M. Gelia has been elected chairman of the Independent Insurance Agents and Brokers of New York (IIABNY). Gelia, executive vice-president of United Insurance Agency in Amherst, has served as...
New York Lawmakers Hold Discussion on Coastal Insurance Issues
May 10 2010 // New York lawmakers hold a roundtable discussion today with insurance agents and industry leaders over the difficulties facing the coastal homeowners insurance market. The meeting at the state legislature was called for by...
Florida, New York Tops in Insurance Claims from Staged Accidents
May 10 2010 // Suspicious insurance claims from staged accidents are on the rise— and nowhere more than in New York and Florida, two states with no-fault statutes. Overall, the number of questionable claims from staged accidents...
SASSI Offers New General Liability Rates for New York Spas & Salons
May 7 2010 // Salon & Spa Specialty Insurance (SASSI), a division of the Brownyard Group that serves the beauty industry, announced that it is offering new rates for its general liability coverage in New York. SASSI specializes in...
Business Moves
May 3 2010 // Foremost Foremost Insurance Group has launched its DistinctChoice Auto program in Connecticut. The auto program features increased limits, deductible options and coverages. The program also offers broad eligibility and...
New York Agents’ Groups Join Forces to Fight Pay Disclosure Rules
May 3 2010 // The Independent Insurance Agents and Brokers of New York (IIABNY) and the Council of Insurance Brokers of Greater New York (CIBGNY) say they will team up to sue the state over new rules that will require agents to disclose...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
May 3 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
Mattucci-Mychajliw Appointed Underwriting Officer for CNA in New York
Apr 30 2010 // CNA has appointed Belinda Mattucci-Mychajliw to commercial underwriting officer for its New York Metro branch office. In this position, Mattucci-Mychajliw joins nine recently announced commercial underwriting officers who...
Spitzer: Wall Street Should Avoid ‘Frankenstein’ Financial Products
Apr 29 2010 // U.S. regulators should clamp down on Wall Street innovation to prevent firms from creating “Frankenstein” financial products with no substantial value to the public at large, former New York attorney general...
Shareholders File Suit Against Goldman CEO Over Abacus
Apr 26 2010 // Goldman Sachs Group Inc. Chief Executive Lloyd Blankfein and other bank officials have been sued by shareholders in two lawsuits related to fraud allegations brought by the federal government. In complaints filed in New...
Judge: Fraud Case Against Ex-AIG CEO Greenberg ‘Devastating’
Apr 21 2010 // New York state prosecutors have “a devastating case” against Maurice “Hank” Greenberg, the former American International Group Inc. chief executive accused of fraud over a reinsurance transaction 10...
Feds Sue Metal Companies for New York Mercury Cleanup
Apr 21 2010 // The federal government has sued to recover $7 million in mercury cleanup costs from eight companies that used a New York refinery between 1970 and 1991. The companies were part of an earlier $2.4 million settlement. But...
Lees Named General Counsel for New York Insurance Department
Apr 21 2010 // Martha A. Lees has been named deputy superintendent and general counsel of the New York State Insurance Department. She advises the superintendent on legal matters and oversees the preparation of legal opinions, the...
