Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Engineers Rescue of Workers’ Comp Trusts
Jul 7 2008 // But Those Involved with 14 Failed Trusts Remain on the Financial Hook New York State lawmakers have authorized $52 million from an emergency state fund to assure uninterrupted payment of benefits of injured workers whose...
Harnessing N.Y. City Contractors
Jul 7 2008 // New York contractors will now have to submit detailed plans for worker safety harness systems at high-rise construction sites. The city’s Department of Buildings told contractors that the new requirements are in...
Declarations
Jul 7 2008 // Stepping Up and Out “The boards of directors of these companies are basically having to step up and be more anticipatory, and take steps to show their shareholders and show regulators that they mean business, and...
Contingent Commissions Legal, N.Y. Court Rules
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...
N.Y. Gov. Paterson Supports Easing Rules for Foreign Reinsurers
Jul 7 2008 // New York will ease regulatory barriers that are “openly discriminating” against foreign reinsurers, Democratic Gov. David Paterson told reporters. Paterson, the state’s first black governor, who is also...
People
Jul 7 2008 // The National Association of Professional Insurance Agents (PIA) has announced the promotion of Mike Becker to director of federal affairs. Since joining PIA, Becker has managed the day-to-day responsibilities associated...
The Spitzer Error
Jul 7 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...
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...
