Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
Supreme Court Nominee Sotomayor Has Record in Business Cases
May 27 2009 // Sonia Sotomayor, nominated by President Barack Obama for the U.S. Supreme Court, has a lengthy record of rulings in business cases as a federal judge in New York. But legal experts said Sotomayor does not appear to be...
New York Barn Burns Decades after Blaze Hit Same Spot
May 26 2009 // A fire has decimated an upstate New York barn more than 30 years after a blaze destroyed another barn on the same spot and killed two children. Edward Tyler remembers the first time his family’s barn in northern Rome...
New York Med Mal Insurer is $43M Short
May 21 2009 // 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 from initiating the process to liquidate or...
New York Suit Seeks $10M for Unnecessary Brain Surgery
May 21 2009 // A lawsuit says neurosurgeons operated twice on a New York woman for brain and spinal cord problems she didn’t have. Kristy Pirozzolo is suing Long Island doctors Paolo Bolognese and Thomas Milhorat for $10...
New York Man Charged with Torching Defunct Nightclub
May 20 2009 // A suburban Albany, New York businessman remains jailed on charges he burned down a defunct rock club he’d recently acquired. Town of Colonie police say 43-year-old Akiva Abraham of Rexford is being held without bail...
It Figures
May 18 2009 // $2 Million Settlement paid by Wal-Mart in connection with the trampling death last year of a temporary worker at its Valley Stream, New York store. The man was crushed by stampeding shoppers on ‘Black Friday.’...
People
May 18 2009 // W. R. Berkley Corp. appointed Richard M. Baio to the newly created office of vice president – treasurer. He will manage the investment accounting and tax departments, global currency, banking relationships and all...
Business Moves
May 18 2009 // The Hartford Hartford Financial Services Group Inc. is reportedly trying to sell its property/casualty insurance business, as it reels from massive losses, according to Reuters. The Hartford has retained Goldman Sachs to...
Brannan Joins Narragansett Bay Insurance Co.
May 15 2009 // Narragansett Bay Insurance Co. (NBIC) has named Robert Brannan assistant vice president-territory manager for New York. Brannan has 26 years of management experience in marketing, underwriting, and policy services for...
DCAP Morphs from Agency Franchiser into Insurer
May 14 2009 // 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 business as it morphs into a reconstituted...
Safety National Opens New York Underwriting Office
May 13 2009 // Safety National has opened regional underwriting office in New York, and has tapped industry veterans Sharon Herschlag and Dennis Zervos as regional underwriting managers. The company says the new office builds on its...
Feds Probe Pilot Training, Behavior in Upstate New York Crash
May 13 2009 // The training and behavior of the pilot and first officer in the worst U.S. air crash in more than seven years are prominent on the agenda of an unusual three-day safety hearing that began yesterday. All 49 people aboard...
Judge Dismisses Lawsuit in New York Boating Tragedy
May 12 2009 // A federal judge has dismissed liability claims against the company that modified a tour boat that capsized on Lake George in 2005, killing 20 passengers. U.S. District Judge Thomas McAvoy says there’s no evidence...
New York Releases Disciplinary Action Report
May 12 2009 // The New York Insurance Department issued its newest list of disciplinary actions against agents, companies and brokers in the state. Among the fines and disciplinary actions contained in the report: Merastar Insurance...
