Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Insurance Association Elects New Officers and Directors
Nov 11 2009 // The New York Insurance Association has elected Richard J. Zick, president and chief executive officer of Utica First Insurance Co. as the association’s chairman. His year-long term begins in January. Zick has served...
New York Insurers Say No-Fault Claims are Driving Up Costs
Nov 6 2009 // No-fault payments for medical claims by auto accident victims in New York have seen a dramatic increase over the last several years, one industry group says, and the state and insurance companies need to redouble efforts...
Ratings Recap: Arbella, Wayne Mutual, Arrowhead, Unique, Oswego County
Nov 4 2009 // A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from’ B++’ (Good) and issuer credit ratings to “a-” from “bbb+” of Arbella Insurance Group and...
New York Ban on Texting-while-Driving Takes Effect
Nov 3 2009 // New Yorkers: Put the BlackBerry away if you’re behind the wheel. New York’s law against texting while driving went into effect Sunday. The new law forbids the use of mobile devices for reading, typing and...
Small Business Owners See Their Firms Leading Recovery Next 2 Years
Nov 2 2009 // Looking out 12 to 24 months, small business owners say their companies will emerge from the recession strong and well positioned for growth over the next two years, leading the U.S. to economic recovery. According to new...
Business Moves
Nov 1 2009 // AmTrust, American Capital, GMAC AmTrust Financial Services, Inc. is making an investment in American Capital Acquisition Corp. in connection with the acquisition by ACAC of GMAC’s U.S. consumer property/ casualty...
Agents’ E&O Marked By Stability, Satisfaction
Nov 1 2009 // As Agency Revenues Fell, At Least E&O Previums Didn’t Rise Independent insurance agents have had plenty to fret about the past year, including falling revenues. Thus stability in the market and pricing for their...
Feds Say New York City Logged 90 Workplace Deaths in 2008
Oct 30 2009 // Construction continues to be a hazardous job for some workers in New York City. The federal Bureau of Labor Statistics reported this week that of the 90 fatal workplace injuries in the city in 2008, about a third involved...
New York Signs Regulatory Agreement with El Salvador
Oct 30 2009 // The New York Insurance Department has signed a cooperation agreement with its counterpart in El Salvador, the latest in a string of similar agreements with insurance regulators in foreign countries. The agreement calls for...
Tom Brokaw to Address Insurance Industry Charitable Foundation Gala
Oct 29 2009 // The Insurance Industry Charitable Foundation (IICF) said NBC News Correspondent Tom Brokaw will be its special guest speaker for the 2009 New York Division Gala. The event is being held on December 9 at the Waldorf Astoria...
Two People Injured in New York City House Explosion
Oct 28 2009 // New York fire officials say two people have been injured in an explosion that badly damaged a two-story home in the Flushing section of Queens. A Fire Department spokesman says one person was hospitalized with non-life...
GUARD Introduces BOP in New York
Oct 28 2009 // GUARD Insurance Group has begun offering Businessowner’s Policy coverage in New York. This new line complements the company’s traditional specialtym, workers’ compensation insurance for small- to...
Three Ex-Marsh Executives Acquitted in Bid-rigging Case
Oct 27 2009 // Three former Marsh Inc. executives were acquitted Monday of criminal charges in a bid-rigging and price-fixing scheme in which they were accused of colluding to steer clients to favored insurers. Joseph Peiser, who led...
Real Estate Agent Arrested for Workers’ Comp Fraud in New York
Oct 27 2009 // A Florida real estate agent has been arrested in New York for committing insurance fraud against the state’s largest workers’ comp insurer, the New York State Insurance Fund. Ben Keskin, 52, of Florida, was...
Minor Quake Recorded in Upstate New York
Oct 26 2009 // The U.S. Geological Survey has confirmed that a minor earthquake rattled sections of the Albany, New York area last week. The USGS says the 2.9 magnitude quake occurred at 9:32 p.m. last Tuesday, with its epicenter 18...
Madoff Investors Add KPMG, MassMutual, Major Banks to Lawsuit
Oct 21 2009 // Some investors defrauded by epic swindler Bernard Madoff on Tuesday added accounting firm KPMG, JPMorgan Chase and Bank of New York Mellon to a civil lawsuit in a New York court, lawyer Joseph Cotchett said. The lawyer,...
3 States Accuse FedEx of Misclassifying Drivers as Independent Contractors
Oct 21 2009 // Three states said Tuesday they plan to sue FedEx Corp., accusing the second-largest U.S. package delivery company of violating labor laws by illegally classifying drivers as independent contractors rather than employees to...
Business Moves
Oct 19 2009 // Norfolk & Dedham, Rockingham Two East Coast-based mutual insurance companies have formed a mutual alliance that they say allows them to achieve efficiencies, diversification and spread of risk without actually merging...
New York Insurance Agents Fined For Accepting Kickbacks
Oct 16 2009 // New York regulators have fined 43 insurance agents and brokers a total of $42,650 for accepting kickbacks, or failing to supervise staff who accepted kickbacks, to steer customers to certain auto glass repair shops, the...
Do Cell Phone Bans Change Driver Behavior?
Oct 14 2009 // Phoning while driving and texting behind the wheel are in the news. This is the highway safety issue of the moment, the subject of cartoons and, on a more serious side, the focus of legislation. A key question is whether...
