Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Insurance Industry Foundation Grants for 2010 Support Children’s Charities
Dec 15 2009 // The Insurance Industry Charitable Foundation (IICF) announced four new grants at the organization’s annual dinner last week in New York. This year’s grants are primarily directed to children’s charities...
New York Officials Sue Workers’ Compensation Trust Manager CRM
Dec 11 2009 // Insurance administrator CRM Holdings is being sued for $405 million by New York’s workers compensation board and faces a separate $150 million lawsuit by the state attorney general over its alleged fraud in the...
New Year to Bring New Pay Disclosure Rules for New York Producers
Dec 10 2009 // The new year is likely to bring new compensation disclosure rules for New York insurance producers. A pending regulation allows agents and brokers to accept incentive pay from insurers that is tied to volume and...
Ironshore Names Mammolite New York Region Executive
Dec 9 2009 // Commercial property insurer Ironshore Inc. announced that Anthony Mammolite, currently executive vice president of its U.S. Property unit, has been named to the additional post of regional executive for the entire New York...
New York Requires Fingerprints for Some But Not Insurance Agents
Dec 7 2009 // New York State will begin requiring electronic fingerprints of people seeking certain professional insurance licenses– but not agents and brokers. The electronic fingerprinting will be part of background checks...
New York Regulator Proposes Changes to No-Fault Insurance Coverage
Dec 6 2009 // The New York State Insurance Department is proposing new regulations for no-fault auto insurance coverage in the Empire State, in a move aimed at reducing fraud. “We have to be vigilant in protecting the pocketbooks...
People
Dec 6 2009 // Swett & Crawford has hired Carmela Noto as a broker in the insurance wholesaler’s Morristown, New Jersey office. Noto has long-term experience in marketing and managing commercial insurance portfolios and spent...
Top Personal Lines Agencies
Dec 6 2009 // Correction: Top Personal Lies Agencies The Top 2009 Personal Lines Agencies list that was published in the Nov. 16 issue of Insurance Journal was incorrect. Unfortunately, columns of spreadsheet data shifted in the process...
Report Hits N.Y. Fed, Geithner on AIG Bailout Strategy
Dec 6 2009 // Officials handling the multi-billion dollar bailout of insurance giant America International Group Inc. mismanaged an initial rescue attempt and may have overpaid other banks to wind down AIG’s business...
Documents Show How Ex-Cardinal Handled Conn. Sex Abuse Claims
Dec 3 2009 // Recently retired New York Cardinal Edward Egan expressed skepticism over sexual abuse allegations against priests when he was a Connecticut bishop a decade ago, saying he found it “marvelous” that so few...
Debris on New York Highway Damages 2 Dozen Vehicles
Dec 1 2009 // About two dozen vehicles were battered after hitting a large metal object that somehow ended up on a suburban New York highway. State police say no one was injured during the incident Sunday night on Interstate 287 in...
New York Regulator Proposes Changes to No-Fault Insurance Coverage
Nov 25 2009 // The New York State Insurance Department is proposing new regulations for no-fault auto insurance coverage in Empire State, in a move the state’s top regulator says will help reduce fraud. “We have to be...
ACE Names Schrader Executive VP, General Counsel – Overseas Operations
Nov 24 2009 // The ACE Group announced the promotion of Howard S. Schrader to Executive Vice President and General Counsel of ACE’s Overseas General operations, responsible for the delivery of all legal services to ACE’s P/C...
Willis’ Plumeri to Be Honored at New York Charity Event
Nov 24 2009 // The Insurance Industry Charitable Foundation (IICF) announced that Willis Group Holdings CEO and Chairman Joseph J. Plumeri will be the honoree for its 2009 New York Division Gala. Plumeri will be honored specifically for...
Best Affirms Balboa and Group Members ‘A’ Ratings
Nov 20 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Balboa Insurance Group and its P/C members: Balboa Insurance Company...
Did Government Overpay to Bail Out AIG?
Nov 18 2009 // Officials handling the multibillion dollar bailout of insurance giant America International Group Inc. mismanaged an initial rescue attempt and may have overpaid other banks to wind down AIG’s business relationships,...
Willis North America Names Joost as National Partner in New York
Nov 16 2009 // Global insurance broker Willis Group Holdings has appointed Eric Joost as national partner, North American Specialties. He will be based in New York. In his new role, Joost will lead Willis’ client service and...
New York Signs Regulatory Agreement with El Salvador
Nov 15 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...
Rhode Island, New York Latest States to See Texting-While-Driving Bans
Nov 15 2009 // New Yorkers: Put the BlackBerry away if you’re behind the wheel. New York’s law against texting-while-driving went into effect this month. The new law forbids the use of mobile devices for reading, typing and...
New York Insurers Say No-Fault Claims Are Driving Up Costs
Nov 15 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 insurers must redouble efforts to root out...
