Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Former N.Y. Insurance Chief Mills Joins Deloitte & Touche
Jan 10 2007 // Deloitte & Touche USA LLP’s insurance industry group reported that Howard Mills, who served as superintendent of the New York State Insurance Department from 2004 to 2006, has joined the organization as chief...
N.Y. Reports Successful Rehabilitation of Interboro Mutual
Jan 9 2007 // New York officials announced that the Interboro Mutual Indemnity Insurance Co. is on track to emerge in early 2007 from three years of insolvency and subsequent rehabilitation and return to the marketplace as a private...
Florida medical malpractice market marked by low profitability
Jan 8 2007 // Stacked up against the country’s other five most populous states, Florida’s medical malpractice market ranks fourth lowest in overall profitability. On the flip side of the coin, Florida ranks fourth highest...
Business Moves
Jan 7 2007 // Commerce Group, SWICO Enterprises, State-Wide Insurance The Commerce Group Inc., the largest auto insurer in Massachusetts, expects to enter the New York personal lines insurance market in 2007 as part of its plan to...
Florida medical malpractice market marked by low profitability
Jan 7 2007 // Stacked up against the country’s other five most populous states, Florida’s medical malpractice market ranks fourth lowest in overall profitability. On the flip side of the coin, Florida ranks fourth highest...
St. Paul Travelers Agrees to Halt All Contingent Commissions
Jan 4 2007 // The St. Paul Travelers insurance company has agreed to stop paying “contingent commissions” to brokers and agents, according to Connecticut Attorney General Richard Blumenthal. In August, St. Paul Travelers,...
N.Y. Gov. Spitzer Cites Workers’ Comp Reform as Legislative Priority
Jan 4 2007 // In his first report to the state, New York Gov. Eliot Spitzer included reforms of the state’s workers compensation and health care systems among the priorities in an ambitious legislative agenda. He said the two...
Report: N.Y. City Commuter Tunnels Vulnerable to Terrorist Activity
Dec 29 2006 // It has long been one of New York City’s nightmares: Terrorists target tunnels, flooding commuter lifelines and possibly some of the city itself. The grim scenario is getting renewed scrutiny after a new report...
Lawmaker Seeks to Ban Pit Bulls from N.Y. City
Dec 29 2006 // Regarded as dangerous pets by their detractors but loved for their assertive nature by their owners, pit bulls may find themselves banned from New York City. City Councilman Peter Vallone Junior said that he wants to ban...
Majestic Receives License to Write Workers’ Comp in N.Y.
Dec 27 2006 // Majestic Insurance Co., recently acquired by CRM Holdings, Ltd., a provider of workers’ compensation services, has received licensing approval to operate in the state of New York. Majestic currently writes...
Commerce Group Entering N.Y., N.J. Personal Lines Markets Via State-Wide
Dec 27 2006 // The Commerce Group, Inc., the largest auto insurer in Massachusets, expects to enter the New York personal lines insurance market in 2007. Under the terms of the agreement, ACIC Holding Company, Inc., a subsidiary of...
N.Y. Law Requires Greater Mental Health Coverage
Dec 26 2006 // Tom O’Clair, holding a Christmas ornament with his son’s picture, once again fought back tears as he explained why a new mental health law is needed to avoid tragedies like his 12-year-old son’s...
AIG Sues Former Accounting V.P., Alleging Extortion Attempt
Dec 26 2006 // American International Group Inc. sued a former accounting vice president last Friday, alleging she has refused to return company computers and confidential information and has attempted to “harass, extort and...
2006: a big year for P&C buyers and sellers of all shapes and sizes
Dec 25 2006 // JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark...
2006: Soft market offers up many new insurance products
Dec 25 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...
Spitzer taps investigator Dinallo to be N.Y. insurance chief
Dec 25 2006 // Incoming New York Gov. Eliot Spitzer will nominate Eric Dinallo, a former lead investigator in his office of attorney general and currently general counsel of Willis Group Holdings, to be superintendent of...
2006: Mother Nature and political deals made 2006 an unsettling year
Dec 25 2006 // From Maine to Virginia, agents and adjusters helped property owners dig out from damaging floods. High waters seemed to hit a new state every week. Meanwhile, these same agents had to worry about whether their income was...
People and places
Dec 25 2006 // Members of the National Association of Insurance Commissioners elected 2007 officers during the group’s winter meeting in San Antonio. Alabama Insurance Commissioner Walter Bell was named president, Kansas Insurance...
Spitzer taps investigator Dinallo to be N.Y. insurance chief
Dec 24 2006 // Incoming New York Gov. Eliot Spitzer will nominate Eric Dinallo, a former lead investigator in his office of attorney general and currently general counsel of Willis Group Holdings, to be superintendent of...
People
Dec 24 2006 // Members of the National Association of Insurance Commissioners elected 2007 officers during the group’s winter meeting in San Antonio. Alabama Insurance Commissioner Walter Bell was named president, Kansas Insurance...
