Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Agents Report on Home Insurers’ Restrictions Downstate
Jun 14 2006 // The Professional Insurance Agents of New York State Inc. says a recent survey of its member agents finds homeowners insurance companies have taken steps to reduce their exposure in downstate areas of New York since Jan. 1,...
N.Y. City Continues to Pay More Each Year to Settle Claims
Jun 14 2006 // The cost to New York City of settling legal claims against the city has more than doubled since 1995 and to reach more than $575 million in 2005. Ten years ago, the city paid out $265 million on claims, according to the...
N.Y. Agents Honor O’Shea
Jun 8 2006 // The Professional Insurance Agents of New York Inc. announced that John O’Shea, chairman of Marshall & Sterling Inc. in Poughkeepsie, N.Y., will receive the Distinguished Insurance Service award at the...
N.Y. Cell Phone Ban Sets a Dangerous Course, Attorney Argues
Jun 8 2006 // The state’s cell phone ban could clear the way for laws in New York against anything that causes accidents, from having a pet in the car to drinking coffee, warned a lawyer fighting to have the ban declared...
N.Y. Seeks to Drop Milberg Weiss Law Firm as Fund Counsel
Jun 7 2006 // New York State Comptroller Alan G. Hevesi, trustee of the $140 billion New York State Common Retirement Fund (CRF), said that he will petition the court to replace the law firm of Milberg Weiss as lead counsel in the Bayer...
HealthNow N.Y. Acquires Northeast Benefits Firm, Brokerage Concepts
Jun 7 2006 // HealthNow New York Inc., parent company of BlueCross BlueShield of Western New York and BlueShield of Northeastern New York, is acquiring the business and operations of and Brokerage Concepts, Inc. (BCI), a major benefits...
OIL to Buy Back $300 Million in Debt
Jun 6 2006 // Oil Insurance Limited, founded in Bermuda in 1971 by 16 energy companies, as a mutual insurance company, announced that it is offering to purchase for cash any and all of its outstanding $300 million aggregate principal...
N.Y. to Hear Proposal for 7.5% Workers Comp Hike
Jun 6 2006 // The New York State Insurance Department has scheduled a public hearing to consider the application of the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation insurance increase of 7.5...
Allstate Dropping Most Earthquake Insurance Nationwide
Jun 5 2006 // Allstate Insurance Co. says it is dropping earthquake insurance to most of its 407,000 quake customers nationwide as a part of a larger move to reduce exposure to catastrophic losses. Allstate Spokesman Mike Siemienas in...
N.Y. Agents Back Overhaul Of Workers’ Comp System
Jun 5 2006 // New York should increase its workers’ compensation benefits and try to deliver benefits in a less adversarial process, according to the Professional Insurance Agents of New York State Inc. The association made its...
Fries to be Honored by N.Y. Agents
Jun 2 2006 // The Professional Insurance Agents of New York Inc. announced that Stuart Fries, vice president of Garber Atlas Fries & Associates Inc. in Oceanside, N.Y., will receive the Professional Agent of the Year award at the...
Study Ties N.Y. Med Mal Premiums to Liability Awards, Not Cycles
Jun 2 2006 // The cost of medical malpractice insurance in New York can be linked directly to the state’s malpractice litigation awards, rather than to the cyclical nature of the insurance pricing, according to a new study by the...
Virginia Trucker Honored for Logging 6 Million Accident-Free Miles
Jun 1 2006 // It was a bitter cold night in New York city some 40 years ago. Trucker Robert C. Wrenn pulled his rig to a halt at a red light and suddenly, there was a sharp rap on the metal door next to his elbow. Wrenn looked out,...
Cities Viewed as Targets to Receive Counterterrorism Grants
Jun 1 2006 // Cities fiercely competing for multimillion-dollar grants for counterterrorism programs must accept an unsettling premise along with the money: They are likely targets for terrorists. The government wants cities to keep...
Integro Appoints Kilduff a Managing Principal for Healthcare in N.Y.
May 31 2006 // Integro Appoints Ruth Kilduff as Managing Principal in the Firm’s New York Office Insurance broker Integro thas named Ruth Kilduff as a managing principal, specializing in healthcare coverage, for the firm’s...
Insurers Urge Veto of N.Y. Credit Freeze Legislation
May 30 2006 // New York lawmakers have passed legislation designed to protect consumers against identity theft but insurers are urging Gov. George Pataki to veto the measure because its credit freeze provision does not exclude...
Two Major Title Insurance Cos. in N.Y. Ordered to End Rebate Practice
May 24 2006 // Two major title insurance companies have agreed to end a practice of providing rebates to major commercial property customers at the expense of homeowners and small businesses, New York State Attorney General Eliot Spitzer...
Upstate N.Y. Auto Parts Couple Charged in Workers’ Comp Fraud
May 23 2006 // The New York State Insurance Fund has reported the arrest of a husband and wife in connection with an alleged workers’ compensation premium fraud scheme in upstate Jefferson County, New York. Gordon Dobbins, 73, and...
People and Places
May 22 2006 // Don Bailey has been appointed chief operating officer of Willis Group Holdings North American business unit. Bailey will work with Mario Vitale, chief executive officer of Willis North America, in managing the...
Principal Financial Receives 2nd Subpoena from Spitzer
May 18 2006 // Principal Financial Group Inc. said earlier this week that it has received a second subpoena from New York Attorney General Eliot Spitzer, who is conducting an industrywide probe of insurance companies. The second request...
