Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York State Insurance Fund Anti-Fraud Program Netted 154 Arrests
Feb 23 2010 // The New York State Insurance Fund (NYSIF) says its program targeting workers’ compensation insurance fraud resulted in 154 arrests and $16.6 million in recoveries and estimated savings last year. NYSIF is the Empire...
ACE Makes Appointments to New Global Client Executive Practice
Feb 22 2010 // The ACE Group has announced its initial executive appointments to its newly-created Global Client Executive team. Those assigned to the team will “work collaboratively with clients and distribution partners in major...
Business Moves
Feb 21 2010 // OneBeacon, Tower Group Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges...
Trusted Choice
Feb 21 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...
New York City Blaze Declared Accidental
Feb 18 2010 // Fire marshals say a malfunctioning boiler caused a weekend fire that ravaged a row of businesses in Queens. The Fire Department said that the weekend blaze, which started in a furniture store, has been declared...
Woman Sues CNN’s Cooper after Fall at New York City Home
Feb 17 2010 // An interior designer is suing CNN anchor Anderson Cooper after she took an unusual fall while working at an old New York City firehouse that he is converting into a new home. Killian O’Brien, of Brooklyn, says in her...
Hawaii Approves Lincoln Financial Group as Temporary Disability Insurer
Feb 17 2010 // The Group Protection segment of Lincoln National Corp. announced its expansion of state-mandated disability insurance into Hawaii (called temporary disability insurance or TDI in Hawaii). The state of Hawaii requires...
Large Brokers Freed to Go After Contingent Commissions But Will They?
Feb 17 2010 // The nation’s largest insurance brokers have received the go-ahead to begin accepting contingent commissions again — but two of them say they won’t do it. Officials in New York, Illinois and Connecticut...
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...
