Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Marsh Joins Aon, Willis in Rejecting Contingent Commission Income
Mar 25 2010 // Giant insurance broker Marsh says its main brokerage unit will not accept contingent commissions on business for U.S. or Canadian clients but its Marsh & McLennan Agency and its affinity and personal lines business...
New York Police Agree Driver Error Caused Toyota Crash
Mar 24 2010 // A New York housekeeper who reported that her boss’ Toyota Prius accelerated on its own and wouldn’t brake as she hurtled toward a stone wall apparently had her foot on the gas pedal the entire time, according...
Insurer Refunds Nearly $1M to New York Policyholders
Mar 24 2010 // Auto insurer Clarendon National Insurance Co. has refunded $992,000 to 1,227 automobile insurance policyholders the company overcharged when it improperly imposed a 30 percent rate hike, the New York State Insurance...
Hiscox Appoints Bach as Branch Manager in New York
Mar 23 2010 // Specialty insurer Hiscox has appointed Carl Bach as branch manager of the firm’s New York insurance operation. Bach, executive vice president, will oversee the development and management of broker relationships and...
Insurance Frauds Spike in New York
Mar 23 2010 // What do a pizza maker, insurance underwriter and a podiatrist have in common? In New York, at least, they were among the 499 people convicted of insurance fraud last year, according to the state’s insurance...
People
Mar 22 2010 // Iroquois of California based in Sacramento, Calif., added a former insurance consultant, marketing manager and agency owner to its staff. Mike Mullens will serve as regional manager in Northern California, bringing more...
Driver Error Possible in New York Prius Crash, Says Safety Agency
Mar 19 2010 // U.S. safety officials believe driver error may be behind the crash in New York of a Toyota Motor Corp. Prius that has been investigated as a possible case of unintended acceleration, federal investigators said...
Partying Teens Cause $200K Damage to New York House
Mar 19 2010 // New York police say dozens of partying teenagers caused more than $200,000 in damage at an unoccupied house in suburban Albany. Police in North Greenbush say the damage was done during a party on the night of Feb. 17, when...
New York’s Bryan Insurance Gets Personal With Social Media
Mar 18 2010 // There’s no better time for insurance agents and brokers to delve into social networking technologies than now, according to those who study marketing and technology trends. More than four in five U.S. online adults...
New York Man Charged with Insurance Fraud for Mobile Home Fire
Mar 16 2010 // An upstate New York man who claimed he was thrown 35 feet out of his mobile home by the force of a propane explosion has been charged with insurance fraud, New York insurance officials said. State police arrested James E....
Arkansas Suspends License of 2 New York-based Insurers
Mar 12 2010 // Arkansas Insurance Commissioner Jay Bradford on March 11 suspended the certificates of authority to conduct insurance business of two New York domiciled property and casualty insurance companies: Centennial Insurance...
How New York Insurance Broker Has Used Social Media
Mar 12 2010 // To the 77 percent of independent insurance agencies that don’t have a social media presence, creating a profile and trying to form “friendships” via a computer can be daunting. Once an agency gets online,...
New York’s ‘Ground Zero’ Workers Reach Settlement with Insurer
Mar 12 2010 // Thousands of workers who suffered health problems after the Sept. 11 attacks in 2001 have reached a settlement worth up to $657.5 million with an insurer representing the city of New York, city officials and lawyers said...
Hiscox Underwriting Chief on 2010 Outlook
Mar 11 2010 // London-based specialty insurer Hiscox, which launched a significantly expanded U.S. presence in 2006, saw gross profits reach record levels ($481 million) in 2009. In this exclusive interview with Insurance Journal, Hiscox...
Feds: New York City Inspector Sold Safety Cards
Mar 9 2010 // A former New York City building inspector has been charged with selling safety certification cards to workers who hadn’t received any training. Federal prosecutors in Manhattan accused Michael DiNardo on Friday of...
AIG’s Ex-CEO Greenberg to Testify on General Re Transaction This Week
Mar 8 2010 // Maurice “Hank” Greenberg, the former chief executive of American International Group Inc., will testify Wednesday over a sham transaction involving the insurer and a unit of Warren Buffett’s Berkshire...
AIG to Get $231 Million If Sale of Asian Unit to Pru Fails
Mar 8 2010 // American International Group Inc. will receive a termination fee of $230.6 million if the sale of its Asian life insurance business to Britain’s Prudential PLC falls through. In a filing with the Securities and...
Trusted Choice
Mar 7 2010 // Just when producers thought it was safe, mandatory compensation disclosure has reared its ugly head again. In a move that has its origins in the Spitzer days, New York regulators are mandating that insurance agents and...
People
Mar 7 2010 // Thomas J. Schaffler has been named president of Lockton Cos. employee benefits practice in Chicago. He joined Lockton more than 10 years ago as executive vice president and producer and serves on the Chicago executive...
Bring Back the New York … or Florida … Insurance Exchange?
Mar 7 2010 // New York regulators are pursuing a reincarnation of the New York Insurance Exchange, a Lloyd’s of London-style insurance market, which lasted for several years the last time it was tried. Insurance Superintendent...
