Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Brown & Brown to Buy New York’s Irving Weber Associates
May 12 2009 // Brown & Brown, Inc. has agreed to acquire a Long Island-based insurance agency, Irving Weber and Associates. The deal is expected to close in late May. With annualized revenues of approximately $4 million, Irving...
Wal-Mart Pays $2M to Avoid Charges in New York Death Probe
May 11 2009 // Wal-Mart agreed Wednesday to pay nearly $2 million and improve safety at its 92 New York stores as part of a deal with prosecutors that avoids criminal charges in the trampling death of a temporary worker last year. Nassau...
Bollinger Acquires Gail Steinberg & Co. Inc.
May 7 2009 // New Jersey-based insurance brokerage Bollinger Inc. has acquired Gail Steinberg & Co. Inc. of New York, New York, the company announced. In connection with the merger, Gail Steinberg, president and chief executive...
New York Reminds Insurers about $10 Fees
May 6 2009 // The New York State Insurance Department has sent a reminder to all car insurers in the state that an admittedly confusing new law requires carriers to collect a $10 annual fee for each policyholder — at least for...
People
May 4 2009 // Joseph Tracy was named president of Travelers Inland Marine business unit. Tracy, who joined Travelers in 2006, most recently served as chief underwriting officer for the Inland Marine business unit. He previously was the...
New York-Based Insurance Broker BWD Group Expands to Florida
May 4 2009 // With the addition of Saul Landesberg as regional vice president, BWD Group LLC opened a Florida office of its insurance and risk management brokerage operation. Landesberg, a long time resident of the Tampa area, will...
Building Collapses at New York City Construction Site
May 1 2009 // A five-story building collapsed at a lower Manhattan construction site on Thursday, but fire officials said it appeared no one was inside. Emergency crews with a dog were sifting through the building’s rubble and...
New York State Insurance Fund Gets New Executive Director
Apr 30 2009 // The New York State Insurance Fund has named James J. Wrynn as its new executive director. Wrynn, whose appointment became effective April 22, is a partner in the law firm of MacKay, Wrynn & Brady, which specializes in...
Regulator Sees Mergers Coming in Weakened Life Insurance Sector
Apr 29 2009 // U.S. life insurers, weakened by the global financial crisis, are in for mergers and regulators will not shy away from playing matchmaker to deal with weak companies, Eric Dinallo, New York’s insurance superintendent,...
New York Agency Honored by National Flood Insurance Program
Apr 29 2009 // Maran Corporate Risk Associates of Southampton, New York has been named Agency of the Year by the National Flood Insurance Program. The designation is given each year and recognizes agencies that demonstrate a dedication...
World’s Financial Sector Facing ‘Hornet’s Nest’ of Political Risk
Apr 24 2009 // Oh, for the days when a little irrational exuberance was the biggest problem facing the world’s bankers and financiers. It is way beyond that now. With the financial world mired in a stubborn credit crisis and the...
Plafker Appointed to Board for New York’s Livery Fund
Apr 23 2009 // Alan Plafker has been appointed to the board of directors of New York’s Independent Livery Driver Benefit Fund. Plafker is a long-time insurance agents who is also secretary of the Professional Insurance Agents of...
New York Made 160 Frauds Arrest in First 3 Months of the Year
Apr 22 2009 // The Insurance Frauds Bureau of New York State made 160 arrests for frauds-related crimes through the first three months of the year, according to new statistics released by the New York Insurance Department. The total...
New York Wants Allstate Info on Credit Default-Swaps
Apr 20 2009 // The New York state Insurance Department said it wants information from Allstate Corp. on its participation in unregulated insurance markets. The agency also said Allstate officials must report anything they know about...
People
Apr 20 2009 // New York-based Delos Insurance Group has named Alex A. Hammett senior vice president and chief actuary. In his new role, Hammett will oversee all actuarial functions within Delos, which specializes in program business...
Business Moves
Apr 20 2009 // Progressive Progressive said it will begin offering motorcycle and RV insurance in Massachusetts. The Mayfield Village, Ohio-based insurer said it will offer the coverage through its Web site as well as through independent...
A New York State of Mind
Apr 20 2009 // Superintendent Eric Dinallo Redefines the Role of Regulator in the Insurance Industry New York Insurance Superintendent Eric Dinallo was thrust into the national spotlight last year as the insurance industry’s...
New York Governor to Reintroduce Gay Marriage Bill
Apr 16 2009 // New York Gov. David Paterson is making another push to legalize gay marriage in New York, tapping into the momentum of other states that have recently allowed same-sex couples to wed, but the measure will face stiff...
Hammer Hits New York Cab after Falling from Sachs Tower
Apr 3 2009 // Construction has been halted at Goldman Sachs’ new headquarters in lower Manhattan after a worker’s hammer fell 18 stories and crashed through the rear window of a passing cab. No one was injured on Wednesday...
New York Signs Regulatory Agreement with Macau
Apr 2 2009 // New York Insurance Superintendent Eric Dinallo signed a cooperation agreement earlier this week with his counterpart in Macau, a move signaling the increasingly international approach to regulation for the country’s...
