Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Professional Insurance Marketing Association Names 2010 Officers
Feb 17 2010 // The Professional Insurance Marketing Association, a networking and business development forum for the insurance direct marketing arena, has elected its 2010 leaders, naming James P. Gallagher president. Gallagher is senior...
Willis CEO Plumeri Reiterates Broker’s Contingent Commissions Rejection
Feb 16 2010 // Willis Group Holdings Chairman and CEO Joe Plumeri, speaking to a meeting of insurance executives at Willis’ London headquarters, reiterated the broker’s long standing position that it would not accept...
RIMS Says New York Pay-Disclosure Rules Don’t Go Far Enough
Feb 12 2010 // The Risk and Insurance Management Society Inc. (RIMS) says pay-disclosure regulations created by the New York Insurance Department do not go far enough to protect consumers. The group urged the department to reopen a...
New York Requires Agents to Reveal How Much They’re Paid
Feb 10 2010 // The New York Insurance Department has officially released a new set of rules that will require insurance agents and brokers to provide some detailed information to clients about how agents are paid. The new regulation,...
New York Agents Group Suing State over Pay-Disclosure Rules
Feb 10 2010 // A trade group for New York insurance agents says it will sue the state over newly issued rules that would force agents to reveal to clients how much they are paid. The Independent Insurance Agents and Brokers of New York...
New York to Issue Watered-Down Disclosure Rules for Agents
Feb 9 2010 // New York regulators are expected to release new rules tomorrow that require agents to disclose to clients some aspects of their compensation, although the rules are more palatable to agents than previous proposed...
Execs in New York Meet over Insurance Exchange Plan
Feb 7 2010 // Key executives from over 50 companies, state agencies and industry groups met with New York Insurance Department officials last month to begin hashing out details for reviving the New York Insurance Exchange. The group,...
People
Feb 7 2010 // Willis Group Holdings extended the contract of its chairman and CEO Joseph J. Plumeri until July 7, 2013. His previous agreement was set to expire on the date of the company’s annual meeting in April 2011. Global...
Iordanou Named New York Regional Branch Manager for Allied World
Feb 3 2010 // Allied World Assurance Co. has named Theana Iordanou as vice president and New York regional branch manager. Iordanou will be responsible for managing profit and loss for the New York region and will work with the business...
More Upstate New York Properties at Risk in Floods
Feb 1 2010 // Federal officials say that about 6,500 more properties in Broome Count, New York than originally believed are vulnerable to floods like one that devastated parts of the region in 2006. Updated flood maps released Thursday...
AIG Filing Casts Doubt on ‘Limited Exposure’ Claim
Feb 1 2010 // A controversial regulatory filing detailing the federal bailout of American International Group Inc. could put the spotlight back on the former executive who headed the division most responsible for the insurer’s...
New York-based Equity Firm Invests $20M in Michigan Brokerage
Jan 29 2010 // Greenhill Capital Partners LLC announced it has invested $20 million in Acrisure LLC, a Midwest insurance brokerage company headquartered in Grand Rapids, Mich. Formed in 2005, Acrisure has acquired 17 insurance agencies...
New York City Traffic Fatalities at Lowest Level Since 1910
Jan 28 2010 // Traffic fatalities in New York City fell to the lowest level last year in nearly a century. Mayor Michael Bloomberg said Wednesday there were 256 traffic deaths in 2009, the fewest since records started being kept in...
Lorin Joins Drinker Biddle & Reath in New York
Jan 28 2010 // Andrew J. Lorin has joined the law firm Drinker Biddle & Reath as a partner in its insurance practice. Lorin, who will be based in the firm’s downtown New York office, most recently served as general counsel of...
Lawmakers Turn Up Heat on Treasury Chief Geithner Over AIG
Jan 28 2010 // U.S. lawmakers challenged Treasury Secretary Timothy Geithner’s credibility on Wednesday after he said he was not involved in a decision by bailed-out insurer AIG to withhold details about $62 billion paid to...
U.S. Treasury Investigator Says French Regulator Was Open to AIG Talks
Jan 27 2010 // An overseer for the U.S. bailout program said Tuesday that France’s banking regulator was open to further negotiations over possible concessions on payments from bailed out insurer AIG, according to prepared...
Treasury Secretary Geithner Denies Role in AIG Disclosure
Jan 27 2010 // U.S. Treasury Secretary Timothy Geithner flatly denied any role in counseling American International Group Inc. to keep quiet about payments it made to leading banks during a 2008 rescue of the stricken insurer. Geithner...
Bailout Watchdog Launches Probes of N.Y. Fed’s Disclosure on AIG
Jan 26 2010 // A U.S. bailout watchdog has launched two new investigations into the New York Federal Reserve Bank’s actions on insurer AIG’s disclosure of payments to banks after its 2008 rescue, excerpts of prepared...
SEC Considered National Security Status for AIG Bailout Details
Jan 25 2010 // U.S. securities regulators originally treated the New York Federal Reserve’s bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security,...
Drinker Biddle Adds Noted New York Insurance Litigator Andrew J. Lorin
Jan 25 2010 // NEW YORK – Andrew J. Lorin, a noted figure in regulating and investigating New York’s insurance industry since 2004, is joining Drinker Biddle & Reath LLP as a partner in the firm’s insurance...
