Latest New York Headlines

Court Rules Contingent Commissions Legal

Jul 7 2008 // In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not...

People

Jul 7 2008 // Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Co. promoted F. Michael Crowley to president and chief operating officer. As president, Crowley has been responsible for HRH’s retail operations. In the...

Willis Buys HRH for $2.1 Billion

Jul 7 2008 // Combined Firm Doubles Employee Benefits Business Willis Group Holdings Chairman and CEO Joe Plumeri holds a reputation for taking on challenges. On June 8 his company gave him one. Willis announced it has agreed to buy...

New York Governor Signs Flex-Rating and NYPIUA Bill

Jul 2 2008 // New York Governor David Paterson has signed into law industry-sought legislation that brings back flex rating for auto insurance and makes permanent New York’s homeowners insurer of last resort. The flex-rating...

N.Y. Court Denies Undocumented Alien Added Workers’ Comp

Jul 1 2008 // New York’s top court has ruled that an undocumented alien injured while working as a printer properly received basic workers’ compensation, but he wasn’t eligible for additional payments because of his...

New York Wants Public Hearing on Insurance Agents’ Commissions

Jul 1 2008 // Just days after a top state court ruled it was legal for insurers to pay so-called contingent commissions, the New York Insurance Department and Attorney General said they will hold joint public hearings on the...

New York Court Orders Release of Anti-Redlining Report

Jun 30 2008 // New York’s top court has ordered the release of insurance company reports showing automobile policies broken down by zip code so Brooklyn officials can determine whether neighborhoods were deemed high-risk and...

N.Y. Governor Supports Easing Rules for Foreign Reinsurers

Jun 27 2008 // New York will hire more minority- and women-owned debt underwriters, lawyers and risk managers and ease regulatory barriers that are “openly discriminating” against foreign reinsurers, Democratic Gov. David...

New York Says Many 9/11-Injury Plaintiffs Not Seriously Ill

Jun 27 2008 // Many of the thousands of people who have gone to court for illnesses stemming from the 2001 terror attacks don’t have serious health problems, lawyers for New York City claim in court papers. About 10,800 plaintiffs...

N.Y. Appeals Court: Contingent Commissions Not Illegal

Jun 27 2008 // In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not...

N.Y. City Officials Tell Congress They’re Tightening Crane Safety

Jun 26 2008 // New York City officials told Congress this week that they are tightening requirements on tower construction cranes after a spate of recent accidents there, as well as others in Las Vegas and Miami. Robert LiMandri, the...

Insurers and Agents Applaud New York Auto Rating Change

Jun 26 2008 // Trade groups for New York insurers and agents alike are praising a recently passed bill by state lawmakers that will allow auto insurers to raise or lower their rates by 5 percent over the course of a year without first...

McFadden Joins Lockton in New York

Jun 20 2008 // Lockton Cos. has named Michael McFadden executive vice president for the company’s New York operations. McFadden, 42, will specialize in providing transaction-related insurance products and employee benefit due...

New York Police Arrest 13 Suspects in Car Insurance Fraud Scheme

Jun 19 2008 // Police in New York say 13 people staged minor car accidents to get thousands of dollars’ worth of unnecessary medical treatment from four Bronx clinics. The 13 people were arrested Tuesday on insurance fraud and...

McCarthy to Lead Willis’ Construction, Real Estate Claims

Jun 19 2008 // Willis Group Holdings Limited appointed Gerry McCarthy as senior vice president, and regional director of construction and real estate claim teams of Willis of New York Inc. McCarthy’s responsibilities include...

Upstate New York Company Charged with Workers’ Comp Fraud

Jun 18 2008 // An upstate New York trucking company is accused of underreporting its payroll by $2.2 million, costing the state Insurance Fund more than $300,000 in lost workers’ compensation premiums. The state Insurance...

New York Workers’ Comp Board Targets Workplace Safety for Teens

Jun 17 2008 // The New York Workers’ Compensation Board said it will expand a program to promote job safety for teenage workers. The program is a partnership with the Department of Labor where the board refers to the department...

Jun 16 2008 // Declarations “I’m bitterly disappointed in the lack of a result.” — Connecticut Prosecutor John Malone commenting on the mistrial against David Wilcox. Wilcox, a 72-year-old trucking company owner,...

‘Self-Certified’ New York City Building Plans Rife With Violations

Jun 16 2008 // More than eight in 10 building plans vetted by architects and engineers — instead of city inspectors — violate zoning rules, New York City reviews of the plans found. The Buildings Department recently checked 869 of...

New York and German Regulators Sign Insurance Pact

Jun 13 2008 // Insurance officials in New York and Germany have inked a deal to work together and more closely share regulatory information. The agreement is the basis for a memorandum of understanding signed yesterday by New York...