Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Agents’ Group Honors N.Y.’s Franzese
Apr 2 2007 // Robert Franzese has been named the 2007 PIA National Professional Agent of the Year by the National Association of Professional Insurance Agents. Franzese is chief executive officer of Capital Bauer Insurance Agency, Inc....
N.Y. Approves 21st Century to Sell Auto Policies
Apr 2 2007 // The New York State Insurance Department has approved the application of 21st Century Insurance Group to sell auto insurance in New York. “Competition helps lower insurance rates for drivers,” New York Acting...
N.Y. City Fire Department Seeks State-of-Art Fireboats
Mar 30 2007 // Two aging fireboats that helped fight the inferno caused by the Sept. 11, 2001 terrorist attacks on the World Trade Center will be replaced by gleaming vessels that are larger and far more powerful, New York City fire...
Veterinarians Blame Poisoned Food for More Than 100 Pet Deaths
Mar 30 2007 // At least 471 cases of pet kidney failure have been reported in the 10 days since a nationwide recall of dog and cat food and about a fifth of those pets have died, a veterinarians’ information service said. The maker...
N.Y. Woman Found Guilty of Killing Spouse with Antifreeze for Insurance
Mar 30 2007 // A New York woman was convicted this week of murdering her husband of 20 years by slipping him a fatal dose of antifreeze in a drink. Jurors deliberated less than three hours before convicting Marguerite Bork of...
Judge Rules Spitzer Suit May Continue; Liberty Mutual Not Giving Up Fight
Mar 30 2007 // Liberty Mutual has vowed to continue its court fight against charges begun by former New York Attorney General Eliot Spitzer that it engaged in anti-competitive bid-rigging and broker compensation practices after a judge...
N.Y. Insurer to Pay Customers for Unlawful Access to Credit Reports
Mar 30 2007 // New York Attorney General Andrew M. Cuomo has negotiated a settlement affecting nearly 400 New York consumers whose credit reports were unlawfully accessed by an insurance company. Under the settlement, Administrators for...
Probe Uncovers 3,500 Safety Violations on CSX Railroad Properties
Mar 29 2007 // Federal railroad officials said this week that an investigation found more than 3,500 problems with CSX Corp. railroad properties in 23 states, a probe started in response to a series of accidents involving the...
Best Affirms CastlePoint’s Ratings
Mar 29 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda’s CastlePoint Reinsurance Company Limited (CPRe). Best...
Insurers Reject Critics Who Say Big Profits Are at Claimants’ Expense
Mar 28 2007 // The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent for the year. St. Paul Travelers’ earnings rose sixfold in the...
Editor’s Note: Working in New York
Mar 26 2007 // New York Governor Eliot Spitzer is off to a tremendous start on insurance issues, having helped engineer a major reform of the state’s workers’ compensation laws. Framing it as critical to restoring the...
People
Mar 26 2007 // Willis Group Holdings Limited has amended the employment agreement with Chairman and Chief Executive Officer Joseph J. Plumeri to extend its term for an additional year. The employment agreement, which was scheduled to...
People and Places
Mar 26 2007 // Willis Group Holdings Limited has amended the employment agreement with Chairman and Chief Executive Officer Joseph J. Plumeri to extend its term for an additional year. The employment agreement, which was scheduled to...
Working in New York
Mar 26 2007 // New York Governor Eliot Spitzer is off to a tremendous start on insurance issues, having helped engineer a major reform of the state’s workers’ compensation laws. Framing it as critical to restoring the...
WTC Builders Tell 2 Insurers to Stop Stalling and Pay Up
Mar 14 2007 // World Trade Center builders rallied with hundreds of construction workers Monday to protest stalled payments by two insurers, saying their failure to pay is jeopardizing ground zero rebuilding. Trade center developer Larry...
NY Teacher, Animals Shaken up in Car Crash
Mar 13 2007 // Police sent to investigate a traffic accident found more than they expected – a small zoo. A kindergarten teacher known as the “Critter Lady” and her menagerie – including a boa constrictor,...
Key New York workers compensation reform proposals
Mar 12 2007 // Key elements of the proposed reform package as released by Gov. Spitzer’s office are as follows: • The maximum weekly benefit for injured workers will be increased from $400 to $500 in the first year, $550 in...
News Currents
Mar 12 2007 // N.Y. Gov. Spitzer, labor, business reach workers’ comp reform accord But workers’ comp insurers are nervous that cost savings promised by the reforms’ supporters may not materialize New York Governor...
People and Places
Mar 12 2007 // Markel Insurance Co. named Thomas K. “Smitty” Smith as vice president of marketing. Smith joins Markel after three years as senior vice president and managing director of the Richmond branch of Riggs,...
N.Y. City, other U.S. centers need federal terrorism insurance to compete globally, says Supt. Dinallo
Mar 12 2007 // A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by similar...
