Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York May Check Insurance Firms’ Compliance with Global Money Rules
Jul 6 2009 // New York State Insurance Department licensees should protect their businesses by ensuring that they comply with federal requirements designed to prevent such practices as money laundering and other illegal international...
Brooks Steps In As Acting New York Insurance Chief As Dinallo Departs
Jul 6 2009 // First Deputy Superintendent Kermitt Brooks is overseeing the New York State Insurance Department following the departure of Eric Dinallo. Dinallo announced in May that he would be resigning as insurance superintendent to...
New York Warns Agents on Identity Theft Scam
Jul 6 2009 // New York State licensed insurance agents and brokers should be aware of an identity theft scam involving telephone calls used to target insurance professionals in at least a half dozen states. Acting New York Insurance...
Click and Save: Online Class Cuts Insurance Rates
Jul 6 2009 // New Yorkers Can Now Tap Internet for Personal Auto Discounts New Yorkers who shell out about $50 to take a leisurely trip down a cartoon road with just a few clicks of the mouse can end up shaving hundreds of dollars off...
Head of New York Workers’ Compensation Board Stepping Down
Jul 6 2009 // No Replacement Named Zachary Weiss, chairman of the New York State Workers’ Compensation Board, will resign from his post later this month to become a federal administrative law judge. Weiss became chairman of the...
States Seek to Join Federal Probe Into AIG Bonuses, Alleged ‘Half Truths’
Jun 22 2009 // U.S. states probing employee bonuses paid by American International Group Inc. using taxpayer money plan to join federal investigators in the matter, while leaving open the possibility of pursuing the case...
Worker Injured When Floor in New York Building Collapse
Jun 22 2009 // A construction worker is recovering after a concrete ramp in a Buffalo, New York parking garage collapsed as he operated a compact construction vehicle. Authorities say 47-year-old Timothy Skalski was driving a payloader...
AIG vs. Greenberg Trial: Stock Flown to Bermuda to Avoid Seizure
Jun 18 2009 // The former head of ailing U.S. insurance giant AIG told a court Wednesday that he had a private jet fly a large block of the company’s stock to Bermuda from New York to prevent AIG from seizing it. “It was a...
Western New York Highway Workers Hurt in Collision
Jun 18 2009 // Several county highway workers are being treated for injuries after their vehicle was struck by a car while they painted a center line on a road in suburban Rochester, New York. Police in the town of Irondequoit say the...
Special Examiner To Oversee AIG’s California Insurance Operations
Jun 17 2009 // As American International Group (AIG) continues its restructuring, California Insurance Commissioner Steve Poizner has appointed a special examiner to assist in the monitoring of AIG’s insurance...
New York Investment Firm, South Korean Bank to Buy AIG Buildings
Jun 10 2009 // A consortium including a New York investment firm and a Korean bank agreed to buy American International Group Inc.’s New York headquarters, the broker, CB Richard Ellis, said Tuesday. Youngwoo & Associates and...
Data Show New York Malpractice Payouts Steady
Jun 8 2009 // Consumer advocates say medical malpractice payouts in New York have dropped the past two years, and they are urging state officials to investigate physician complaints about rising insurance rates and automatically review...
AIG to Sell New York Buildings Including Pine St. Headquarters
Jun 3 2009 // American International Group Inc. has reached a deal to sell two New York buildings, including its downtown Manhattan headquarters, a source familiar with the matter said Tuesday. The buildings being sold are located at 70...
People
Jun 1 2009 // TD Insurance Inc. has hired Linda Bogardus as an account manager in the Core Division of Commercial Lines. Bogardus, who is based in Burlington, Vermont, will oversee marketing and servicing large commercial insurance...
New York Med Mal Insurer is $43M Short
Jun 1 2009 // Law Bars State from Regulating Insolvent PRI New York’s second-largest medical malpractice insurer is more than $43 million in the hole, according to new regulatory filings, but state regulators are legally forbidden...
DCAP Morphs from Agency Franchiser into Insurer
Jun 1 2009 // Newly Reconstituted as Kingstone Insurance Co. DCAP Group Inc., an upstate New York franchiser of independent agencies, is ditching its franchise insurance business as part of a strategic move to exit the retail insurance...
Coastal Insureds, Insurers Brace for Start of New Hurricane Season
Jun 1 2009 // As the 2009 hurricane season arrives, many homeowners are finding insurance is either more expensive, or harder to get. Homeowners from New York to Florida and in the Gulf Coast region are again seeing premiums rise and...
Ratings Roundup: Hermitage/Kodiak, Catholic Order, Stonebridge
May 29 2009 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb+” of New York-based...
New York Insurance Regulator Dinallo to Resign; Run for AG Ahead?
May 29 2009 // New York state Insurance Superintendent Eric Dinallo will resign effective July 3, Governor David Paterson said on Thursday, amid speculation the former prosecutor may run for state attorney general. Dinallo, who was a top...
$2 Million for Kin of Woman who Died on New York Hospital Floor
May 29 2009 // The family of a woman who died on a hospital floor, struggling to get up while staffers ignored her, has settled a wrongful-death lawsuit against New York City for $2 million. But the family of Esmin Green, whose death was...
