Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Halts Plan to Regulate Part of Credit Default Swap Market
Nov 20 2008 // New York Insurance Superintendent Eric Dinallo will put his plans to regulate part of the credit default swap market on ice, instead favoring a broader regulatory plan, he said in Congressional testimony in Washington on...
New York Warns Insurers about Some Homeowners’ Cancellations
Nov 20 2008 // New York Department of Insurance has this advice for insurers in the Empire State: Stop canceling homeowners’ policies simply because a house in unoccupied. That announcement came in the form a circular letter...
Insurance Industry Charitable Foundation to Honor Swiss Re
Nov 18 2008 // The Insurance Industry Charitable Foundation (IICF) announced that it will honor Pierre Ozendo, CEO and chairman of the Americas division of Swiss Re, for the company’s ongoing commitment to developing sustainability...
New York Police Departments Launch Statewide Seat Belt Checks
Nov 18 2008 // Law enforcement agencies across New York state are launching a seat belt eforcement campaign timed to the start of the Thanksgiving-Christmas holiday season. State police, sheriff’s departments and local police...
New York Regulators OK Con Ed Steam Blast Cost Plan
Nov 14 2008 // New York regulators have endorsed Consolidated Edison’s plan to swallow all the costs of a deadly explosion in midtown Manhattan and closed their investigation into whether the utility mismanaged its steam...
Wright Risk Management, Aquiline Capital Form WRM America Holdings
Nov 14 2008 // Wright Risk Management LLC, a risk financing and insurance management company, and Aquiline Capital Partners LLC (“Aquiline”), a New York based private equity firm investing in financial services, announced the...
Mass Mutual, New York Life Reject Government Aid
Nov 12 2008 // Two insurance companies have said they will not participate in the government’s rescue program to directly invest billions in financial companies. Some insurers likely would be eligible under the Treasury...
Construction Industry: New York City Crane Regulations Go Too Far
Nov 7 2008 // It takes a lot of paper to raise a crane in New York City these days. Maintenance records, tests certifying operators, and proof that a safety meeting has been held are among the documents required in the city since two...
Ex-New York Gov. Spitzer Will Not Face Sex Ring Charges
Nov 6 2008 // U.S. prosecutors in New York said Thursday they would not seek criminal charges against former New York Gov. Eliot Spitzer for his involvement in a prostitution ring that led to his resignation. Spitzer, who stepped down...
Travelers Fined $50K for Payments to Unlicensed New York Agency
Nov 5 2008 // New York regulators have fined five units of The Travelers Cos. Inc. a combined $50,000 for paying commissions to an unlicensed insurance agency in New York. The fines were paid as part of a legal stipulation signed last...
Voters Shuffle Deck of State Legislatures; Both Parties Claim Gains
Nov 5 2008 // Voters on Tuesday left their mark on the state political landscape, shifting the partisan control of state government in a dozen states. According to the National Conference of State Legislatures, Democrats gained control...
New York Appeals Court Upholds Workers’ Compensation Claim
Nov 3 2008 // A New York State appeals court has upheld workers’ compensation benefits for an illegal alien injured while working as a parking lot attendant despite falsely using another man’s identification. Benjamin Amoah,...
New York Liquidation Bureau Prepares to Sell Midland Insurance
Nov 3 2008 // As a first step toward a possible sale of Midland Insurance Co. to private investors, the New York Liquidation Bureau (NYLB) has hired the actuarial and consulting firm Milliman, Inc. to conduct a liquidation analysis of...
New York Man Faces Insurance Fraud Charges for Suspicious Fire
Nov 3 2008 // An Albany, New York property owner who reportedly fell behind on the mortgage payments for a four-unit apartment building he owns in was arrested for setting fire to the structure just hours after his tenants left the...
Two New York Agencies Named Top Performers
Nov 2 2008 // Reagan Consulting and the Independent Insurance Agents & Brokers of America (Big “I”) announced the Best Practices Agencies for 2008-2009. A total of 189 agencies from around the country maintained their...
New York AG Confirms AIG Pay Freeze
Nov 2 2008 // Troubled insurer American International Group Inc. will freeze payments to a former CEO and officers of the unit that was the main source of its financial problems, New York Attorney General Andrew Cuomo said. “This...
New York Insurance Chief Seeks Contract Certainty for Large Policies
Nov 2 2008 // New York officials are putting pressure on insurers and brokers to sew up the details of most large commercial insurance policies and deliver finished contracts to customers within 30 days of inception to avoid uncertainty...
Higher Gas Prices Drive Down Auto Rates, Drive Up Politics Over Regulation in New York
Nov 2 2008 // In New York, there exists a curious relationship between gas prices and insurance premiums, at least in government officials’ minds. Gov. David Paterson said his state’s efforts to rein in insurance rates by...
People
Nov 2 2008 // Tonya I. Sylvester has been named a sales executive at Rogers & Gray Insurance Agency Inc. of Massachusetts. Sylvester will specialize in personal lines sales, and work out of the agency’s Canton and Plymouth...
Business Moves
Nov 2 2008 // Arthur J. Gallagher, Fuller & O’Brien Insurance brokerage firm Arthur J. Gallagher & Co. has acquired Albany, New York-based insurance broker Fuller & O’Brien Inc. for an undisclosed sum. Fuller...
