Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Legislature Rejects Hikes in Insurance Law Fines
Mar 17 2008 // A series of significant fine increases for violating New York insurance law – proposed by outgoing Gov. Eliot Spitzer – have been rejected by the state legislature, a move that one New York agents’ group...
2008 State Rankings: Sinners and Saints Among Tort Systems
Mar 14 2008 // Florida ranks the worst in terms of tort costs and litigation risks, while North Dakota ranks the best. In a separate ranking, Colorado has the best tort laws on its books, while Rhode Island has the worst. The free-market...
New York’s Incoming Governor Says Transition Is Going Well
Mar 14 2008 // Lt. Gov. David Paterson, who will take over as New York’s governor following Gov. Eliot Spitzer’s dramatic fall from power in a prostitution scandal, said that the state’s government is stable. Paterson...
New York Prosecutors Charge 11 in $6M Fake-Accident Insurance Scam
Mar 13 2008 // Eleven people, including three doctors, have been indicted on charges of running a medical mill that stole more than $6 million from insurance companies by staging fake car crashes and giving phony victims unneeded...
Time, Markets to Seal U.S. Municipal Insurance Fate, Says N.Y. Regulator
Mar 12 2008 // Some local governments might find they do not need insurance for their municipal bonds as bond insurers emerge from their current crisis, New York’s insurance industry regulator said on Wednesday. “Time and the...
N.Y. Gov. Spitzer Resigns; Paterson to Assume Post
Mar 12 2008 // New York Governor Eliot Spitzer said he would resign his position amid reports linking him to a prostitution ring as a client. The resignation is to be effective Monday, March 17. Spitzer will be succeeded as governor by...
AIG Expands Hurricane Service for High Net Worth Clients
Mar 11 2008 // AIG Private Client Group said it will begin offering its Hurricane Protection Unit service to some of it high net worth policyholders in New York, New Jersey and Florida. The service provides a hurricane mitigation...
New York Gov. Spitzer Linked to Prostitution Ring
Mar 10 2008 // New York Gov. Eliot Spitzer has informed his most senior administration officials that he had been involved in a prostitution ring, the New York Times reported on its Web site Monday, citing an administration...
Gov. Spitzer Apologizes; Calls Reports a ‘Private Matter’
Mar 10 2008 // In a brief statement to the press and public, New York Gov. Eliot Spitzer today appeared to address a report by The New York Times that he has been linked to a prostitution ring, apologizing to his family and the public...
Spitzer’s Targets Included Greenbergs, Analysts and Stock Exchange CEO
Mar 10 2008 // New York Gov. Eliot Spitzer, embroiled in a sex scandal that could force his resignation, made his reputation by prosecuting some of the most powerful players on Wall Street in the wake of the dot-com bubble collapse. The...
Wall Street Relishes ‘Sheriff’ Spitzer’s Fall from Grace
Mar 10 2008 // For years, he was the scourge of the Masters of the Universe and the Sheriff of Wall Street. Now he’s a joke. Legions of Wall Street’s bankers, traders and investors relished the dark clouds enveloping New York...
N.Y. Offers Towns Flood Prevention Money
Mar 10 2008 // Nine floods in four years is too much for New York officials, who have pledged $650,000 to help local governments battle future floods. The program, announced during a Flood Summit in Binghamton last month, includes...
N.Y. Court Widens Opening for Contract Damages Against Insurers
Mar 10 2008 // The New York Court of Appeals has opened the door for breach of contract suits against commercial property insurers — a move two dissenting judges warned could raise the price of insurance for everyone in the state. In...
Judge Narrows N.Y.-N.J. Port Authority’s World Trade Center Claim
Mar 10 2008 // The Port Authority of New York and New Jersey can collect insurance only for damage inflicted on two buildings of the World Trade Center site destroyed on Sept. 11, 2001, rather than for the entire complex, a U.S. District...
New Markets
Mar 10 2008 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Blanket Accident Insurance Nuts &...
N.Y. Agents’ Group: Spitzer’s Fine Proposals Are Out Of Whack
Mar 6 2008 // Empire State lawmakers should reject increased fines for breaking insurance laws sought by Gov. Eliot Spitzer in his proposed state budget, an agents’ group said. The Independent Insurance Agents and Brokers of New...
Not So Funny: N.Y. Slaps Comic Franken with $25K Workers’ Comp Fine
Mar 6 2008 // The Senate campaign of comedian-turned-candidate Al Franken is dealing with a bump served up by an unpaid fine. The state of New York fined Franken’s personal corporation $25,000 for not carrying workers’...
Dinallo: N.Y. Needs Better Workers Comp Data Collection
Mar 4 2008 // New York State should centralize its workers’ compensation data in an information bank that could be used to analyze, benchmark and improve the system, Insurance Superintendent Eric Dinallo says. The information bank...
N.Y. State to Fund Local Flood Mitigation Projects
Feb 29 2008 // New York state is providing local governments with $650,000 for flood mitigation projects. Michael Balboni, the Spitzer administration’s deputy secretary for public safety, made the announcement Tuesday morning at...
Fire Officials Gather in Manhattan for High-Rise Fire Tests
Feb 26 2008 // Firefighters, fire experts and engineers are converging on New York’s Governors Island for a week of pyrotechnics aimed at finding ways to prevent and contain blazes in high-rise buildings. Members of fire...
