Latest New York Headlines

Delaware River States Agree to Joint Flood Control Study

Oct 5 2006 // Pennsylvania, New York, Delaware and New Jersey have agreed to share the costs of a $500,000 study to examine the effects of operational changes at major reservoirs throughout the entire Delaware River basin. The state...

N.Y. Man Pleads Guilty in N.J. Auto Theft Ring

Oct 5 2006 // A New York man has pleaded guilty for his leadership role in an auto theft and insurance fraud ring in New Jersey, according to New Jersey officials. New Jersey Attorney General Stuart Rabner and Criminal Justice Director...

Darwin Offers Mental Health Liability Program Through N.Y. Agency

Oct 5 2006 // Darwin Professional Underwriters, Inc., in Farmington, Conn., has expanded its partnership with New York-based American Professional Agency to provide a professional liability insurance program for mental health...

P/C Insurers’ Profitability Drops in First-Half of 2006

Oct 2 2006 // The U.S. property/casualty insurance industry’s net income after taxes fell 9.3 percent to $28.3 billion in first-half 2006 from $31.2 billion in first-half 2005 as investment results deteriorated. Reflecting the...

N.Y. Business Owner Caught Forging Insurance Certificate

Sep 29 2006 // A 54-year-old business owner pleaded guilty to issuing a false certificate of insurance claiming to have workers’ compensation insurance with the New York State Insurance Fund, according to the NYSIF. NYSIF said that...

N.Y. Sees Rise in Number of Health Insureds

Sep 29 2006 // New York was the only state to see a significant drop in its number of uninsured people even as their ranks grew nationally, a new report finds. The report by the union-backed Fiscal Policy Institute found the percent of...

Safeco Plans to List on the New York Stock Exchange

Sep 28 2006 // Seattle-based Safeco announced it intends to list its common stock on the New York Stock Exchange (NYSE). Safeco anticipates the trading of its common stock to commence on the NYSE on Nov. 30, 2006 under the new symbol...

N.Y. City to Adjust Reservoirs to Lessen Delaware River Flooding

Sep 27 2006 // New York City has agreed to periodically lower the water level in three of its upstate reservoirs in an attempt to ease flooding along the Delaware River, according to environmental officials. By leaving the reservoirs...

Industry to Congress: Permanent Solution to Terrorism Insurance Vital

Sep 27 2006 // Insurers, agents and business groups called on Congress to create a permanent solution safeguarding the economy against future terrorist attacks at congressional hearing today, “Protecting Americans from Catastrophic...

News Currents

Sep 25 2006 // Marsh & McLennan cutting 750 jobs Marsh & McLennan Cos. Inc., the world’s biggest insurance brokerage, said it will cut 750 jobs, consolidate some locations and revamp its information technology structure...

People and Places

Sep 25 2006 // Miami insurance agent Alex Soto has been inaugurated as the new president of the Independent Insurance Agents & Brokers of America (the Big “I”), with Robert E. Fulwider and C. Brett Nilsson assuming the...

People and Places

Sep 25 2006 // Miami insurance agent Alex Soto has been inaugurated as the new president of the Independent Insurance Agents & Brokers of America (the Big “I”), with Robert E. Fulwider assuming the office of...

Sep 25 2006 // People Miami insurance agent Alex Soto has been inaugurated as the new president of the Independent Insurance Agents & Brokers of America (the Big “I”), with Robert E. Fulwider assuming the office of...

Marsh & McLennan cutting 750 jobs

Sep 25 2006 // Marsh & McLennan Cos. Inc., the world’s biggest insurance brokerage, said it will cut 750 jobs, consolidate some locations and revamp its information technology structure to cut costs. Marsh & McLennan,...

N.Y. mobile command

Sep 25 2006 // The New York State Forum, a part of the Rockefeller Institute of Government, is giving a Best Practices Award to the New York State Insurance Department for its acquisition and launch of a Mobile Command Center. “The...

Aon freed to accept contingent pay when serving as managing general agents

Sep 25 2006 // Aon Corporation said it has obtained agreement from five agencies in three states to amend its settlement agreements so that it can accept contingent compensation from an insurer for which Aon is acting as a general agent...

Business Moves

Sep 25 2006 // Progressive, Mass. Commercial Auto Massachusetts is about to get a new auto carrier — for commercial, not personal, lines. Progressive Insurance is awaiting approval of rate and form filings from the Massachusetts...

People

Sep 25 2006 // Miami insurance agent Alex Soto has been inaugurated as the new president of the Independent Insurance Agents & Brokers of America (the Big “I”), with Robert E. Fulwider and C. Brett Nilsson assuming the...

AIG Political Contributions by Subsidiaries Questioned in N.Y.

Sep 21 2006 // Major corporations based in New York such as American International Group Inc. have legally contributed many times more than the corporate limit to political candidates who regulate their businesses, state and...

Marsh & McLennan Cutting 750 Jobs

Sep 18 2006 // Marsh & McLennan Cos. Inc., the world’s biggest insurance brokerage, said last Friday it will cut 750 jobs, consolidate some locations and revamp its information technology structure to cut costs. Marsh &...