Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
Judge Narrows N.Y.-N.J. Port Authority’s 9/11 Insurance Claim
Feb 25 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...
People
Feb 24 2008 // San Diego-based Barney & Barney LLC named Jim O’Connell principal. He also will serve as director of development for programs, specialty insurance solutions. In that role, he is responsible for both regional and...
N.Y. Court: Insureds Can Sue For Consequential Damages
Feb 20 2008 // A new ruling by the New York Court of Appeals could open the door for breach of contract suits against commercial property insurers – a move two dissenting judges warned could raise the price of insurance for...
N.Y. Regulator to Weigh Split of FGIC’s Bond Insurance Business
Feb 19 2008 // New York regulators are eager to consider splitting Financial Guaranty Insurance Co.’s core bond insurance businesses to protect municipal credit ratings against costly downgrades and stem troubles in the debt...
New York State to Launch Bid Bond Program
Feb 19 2008 // New York’s minority- and women-owned businesses could have an easier time getting surety bonds needed for state and private contracting work under an ambitious program that will launch in New York City later this...
Spitzer Proposes $20 Surcharge for N.Y. Auto Insurance Policies
Feb 14 2008 // N.Y. Governor Eliot Spitzer has proposed upping the current surcharge on Empire State auto insurance policies by $15 as part of his statewide budget plan. That increase would raise to $20 the surcharge on any New York auto...
N.Y. Junkyard Owner Charged in Scheme to Insure Illegal Aliens
Feb 14 2008 // A N.Y. junkyard owner has been charged with masterminding a scheme to sell high-mileage vehicles to illegal aliens and then insure the vehicles through his own garage policy. Officials said 61-year-old William Hrazanek of...
With Law Changed, Chubb Now Offers Home Invasion Coverage in N.Y.
Feb 12 2008 // It took a new state law but the Chubb Group of Insurance Companies has begun to offer coverage for home invasions, child abductions, car jackings and stalking threats as part of its homeowners policies sold in New York...
New York Fire Dept Unveils Largest-Ever Fire Safety Campaign
Feb 12 2008 // The Fire Department of New York is unveiling the largest fire safety campaign in its history. The Sound the Alarm campaign was prompted by a fire in the Bronx that took the lives of nine children and an adult last March....
Up in Smoke No More
Feb 10 2008 // States aim to prevent residential fires by requiring ‘fire safe’ cigarettes Movies — think Lauren Bacall and Humphrey Bogart in “The Big Sleep” — often make cigarette smoking look glamorous. Of...
States Look to Curb Text-Messaging Drivers; Could GPS Users Be Next?
Feb 10 2008 // Text messaging is all the rage. Hopefully, not a road rage. An increasing number of state lawmakers are concerned by the rash of accidents caused by text-happy drivers. Although many states already have laws that require...
N.Y. Hosts ‘Free Shredding Day’ to Promote Identity Protection
Feb 7 2008 // Zainab Chaudhry held onto her father’s tax documents for years after his death, for fear the sensitive information they contained about her family might get into the wrong hands. On Tuesday, she finally got a chance...
