Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Editor’s Note: The Spitzer Error
Aug 21 2008 // To conclude the Liberty Mutual ruling marks the end of the Spitzer era may be wishful thinking. Liberty Mutual downplayed its recent victory when the New York Supreme Court declared that contingent commission agreements...
Contingent Commissions Legal, N.Y. Court Rules
Aug 21 2008 // Agent groups praised Liberty Mutual for fighting the battle in court and winning. In a twist to a scandal that has rocked the insurance industry in the past several years, a New York appeals court has ruled that contingent...
Agents’ Group Promotes Wright to Assistant Vice President
Aug 19 2008 // The Independent Insurance Agents & Brokers of New York has promoted Regina Wright to assistant vice president of finance. Wright most recently served as director of finance for the DeWitt-based trade group for...
Liberty Mutual Sues New York over Workers’ Comp Law Changes
Aug 19 2008 // Boston-based insurer Liberty Mutual Holding Co. has filed a federal lawsuit challenging several recent amendments to New York State’s workers’ compensation law as unconstitutional. The suit alleges that changes...
Weather Service: No Tornado after Rare New York City Warning
Aug 18 2008 // Government meteorologists say there were plenty of damaging winds, but no twisters in a storm that spawned a rare tornado warning in New York City. The National Weather Service says crews assessed damage Saturday around...
Huge Glass Panel Falls 50 Stories in New York, Injures 2
Aug 15 2008 // A 1,500-pound glass panel being installed near the top of a skyscraper fell more than 50 stories onto a pedestrian walkway Tuesday morning and shattered, injuring two people. The 5- by 13-foot panel was being attached to...
New York Flood Insurance Notification Rules Change at Month’s End
Aug 14 2008 // New York home insurers must begin sending annual flood notices to their clients at the end of this month, part of a rules changes that goes into effect Aug 31. The New York Insurace Department has begun sending a circular...
There’s No Crying in Insurance
Aug 13 2008 // Hearing Aon, Marsh and Willis complain about a supposed lack of a level playing field is a bit like the Yankees or Red Sox carping about the Royals or Twins. There may be some truth to the big brokers’ complaints at...
Upstate New York Swamped by Flooding from Rain Runoff
Aug 13 2008 // Authorities in an Albany-area city are assessing the damage from flooding caused by heavy rains. Fire officials say Monday’s flooding in Rensselaer, across the Hudson River from Albany, submerged numerous cars and...
Insurers Say Higher Gas Prices May Not Lead to Lower Claim Costs
Aug 13 2008 // Insurers caution public policymakers to not conclude that auto insurance premiums should be reduced because the high price of gas may be lowering the number of miles driven. Based on a new paper by the Property Casualty...
New York Construction Company Fined for Worker’s Accidental Electrocution
Aug 8 2008 // A Brooklyn construction company has been fined in the electrocution of a worker earlier this year. The Occupational Safety and Health Administration issued $15,000 in fines to CKR Construction in the death of 44-year-old...
New York Law Increases Penalties for Bribing Crane Inspectors
Aug 8 2008 // New York Governor David Paterson has signed into law new criminal and civil penalties for crane inspectors who falsify their inspection reports, and those who try to interfere with the crane inspection...
Two New York City Window Washers Die in Accident
Aug 7 2008 // New York City police say two men washing windows at a building in downtown Manhattan were killed when the vehicle carrying their lift tipped over. Detective John Sweeney says the accident occurred early Tuesday at the...
Feds Charge 11 in Biggest-Ever Identity Theft Case
Aug 7 2008 // Authorities in Boston have cracked what is believed to be the largest federal hacking and identity theft case ever, involving the theft and sale of more than 41 million credit and debit card numbers. Eleven people,...
High Gas Prices Lead GEICO to Drop New York Auto Rate Hike
Aug 7 2008 // One of New York state’s largest auto insurers, GEICO, agreed to drop two requests for rate hikes after a plea by the state’s top regulator to consider the effect of high gas prices on customers’ driving...
Two New York Contractors Face Workers’ Comp Fraud Charges
Aug 5 2008 // A New York contractor and the sub-contractor he hired are both facing charges of workers’ compensation fraud following their arrests by New York State Police. Police arrested Phillip Gish, 70, of East Aurora, N.Y. on...
People
Aug 4 2008 // Narragansett Bay Insurance Co. of Pawtucket, Rhode Island has named Mark Talerico chief risk officer. Talerico will oversee Narragansett’s distribution of risk in homeowners insurance, and guide the insurers exposure...
There’s No Crying in Insurance
Aug 4 2008 // Hearing Aon, Marsh and Willis complain about a supposed lack of a level playing field is a bit like the Yankees or Red Sox carping about the Royals or Twins. There may be some truth to the complaints aired at recent New...
Contingent Commissions Legal, N.Y. Court Rules
Aug 4 2008 // In a twist to a scandal that has rocked the insurance industry in the past several years, a New York appeals court recently ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not...
The Spitzer Error
Aug 4 2008 // Liberty Mutual downplayed its recent victory when the New York Supreme Court declared that contingent commission agreements are not illegal. “Contingent commission agreements between brokers and insurers are not...
