Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Arrests Oneonta Tire Store Owner on Arson Charges
Apr 11 2006 // A 38-year-old Oneonta, New York businessman has been arrested on charges of insurance fraud and arson related to a fire that occurred at Monser Brothers Tire Sales, Inc. in Oneonta, in August 2002. Jeffrey Gelbsman, 38, of...
N.Y. Report: More Medical Patients Winning Coverage Appeals
Apr 6 2006 // A new report shows that more New Yorkers are challenging and winning reversals of decisions that deny them insurance coverage for certain medical conditions. A new report chronicles the increased utilization of New York...
Integro Appoints DeValCourt as a Principal in its Atlanta Office
Apr 6 2006 // Integro announced that Diana G. DeValCourt has been named to serve as a principal in the company’s Atlanta office. DeValCourt has more than 30 years of commercial property and casualty experience, with the last 17...
N.Y. Agents Relieved as Lawmakers Delete ‘Draconian’ Fines
Apr 5 2006 // Insurance agents have succeeded in removing from the New York State budget a provision to hike fines against insurance professionals. The Independent Insurance Agents & Brokers of New York, Inc., praised the Assembly...
People
Apr 3 2006 // Lockton Companies, Inc., the Kansas City, Mo.-based privately owned insurance broker, has opened a New York retail office, vowing to target complex middle-market clients and take a focused approach towards the Fortune 1000...
Actuaries Estimate Cost of Terrorist Attacks on Cities; N.Y. at $778 Billion; D.C. at $196.8 Billion
Mar 31 2006 // The American Academy of Actuaries disclosed that a future large terrorist attack in New York City could result in $778 billion in insured losses. Speaking at the National Association of Insurance Commissioners public...
Supreme Court Blocks ‘Wasteful’ Class Actions by Stockholders
Mar 30 2006 // The Supreme Court has made it more difficult for investors to join forces to file high-stakes fraud lawsuits against companies. The 8-0 decision handed down on March 21 blocks state class-action lawsuits by stockholders...
Parties Accused in Tragic N.Y. Boat Capsizing Deny Negligence
Mar 30 2006 // Defendants accused in the overturning of a boat that killed 20 elderly tourists last year on an Adirondack lake in New York argued in court papers they weren’t at fault and the accident was caused by events beyond...
Zurich Settles with Conn., Ill. and N.Y. officials for $153 Million
Mar 27 2006 // Zurich Financial Services Group has reached a $153 million settlement with the attorneys general of New York, Connecticut and Illinois to settle charges relating to bid-rigging an account steering charges initiated by New...
N.Y. Woman Charged for Fraud for Receiving Katrina Aid
Mar 24 2006 // A New York woman who was living in Brooklyn when Hurricane Katrina struck has been charged with grand larceny for allegedly claiming she lived in Mississippi and was a victim of the storm, prosecutors said...
N.Y. Insurance Chief Mills Told to Halt Political Fundraising
Mar 23 2006 // New York Gov. George Pataki said his $127,000-a-year state insurance superintendent, Howard Mills, who lost the 2004 U.S. Senate race, has been called on the carpet for continuing his personal political fundraising even...
Catching up with region’s insurance politics
Mar 20 2006 // In the Northeastern and Atlantic states, elected politicians are in the thick of deciding on legislation that could affect insurers, insurance agents and their insureds. New Jersey lawmakers are considering restoring...
People and Places
Mar 20 2006 // Lloyd’s of London has selected an insurance outsider, Richard Ward, former head of the London-based International Petroleum Exchange, as its new chief executive officer. He spent six years as CEO of IPE, which has...
Marsh Lawyer Says Fla. AG Ignores State Settlement
Mar 19 2006 // An attorney representing Marsh & McLennan says that a lawsuit filed by Florida authorities accusing Marsh of lying to clients and receiving improper commissions never should have been filed. The giant insurance...
N.Y. Charges Boxer in Family-Run Staged Accident Scam
Mar 17 2006 // A boxer was charged this week with fraud, accused days before a big fight of participating in a family ring that staged minor car crashes and made false insurance claims. Frank Houghtaling, his brother, sister-in-law,...
AIG Issues 2005 Annual Report; Net Income for Year was $10.48B
Mar 16 2006 // American International Group Inc. (AIG) has filed its Annual Report on Form 10-K for the year ended Dec. 31, 2005 with the Securities and Exchange Commission. Net income for the full year 2005 was $10.48 billion or $3.99...
N.Y. Assembly Approves Making High Risk Property Plan Permanent
Mar 15 2006 // The New York Assembly approved a bill that would make permanent the New York Property Insurance Underwriting Association (NYPIUA), an insurance program to provide insurance “of last resort” to property owners...
N.Y. Senate Passes Bill Requiring Insurance on Public Boats
Mar 14 2006 // The New York State Senate has passed legislation (S.6828-B), sponsored by Senator Betty Little (R-C-I, Queensbury), that would require owners of public boats operating on navigable waters in New York State to obtain marine...
N.Y. Workers’ Comp Fund Offers Online Certificate Validation
Mar 14 2006 // New York State Insurance Fund (NYSIF) Executive Director David P. Wehner today announced the promotion of a new on-line tool at www.nysif.com wherein businesses can now validate certificates of insurance in minutes. NYSIF...
Safety Board: Baltimore Water Taxi in Accident Was Overloaded
Mar 10 2006 // Americans’ expanding waistlines were a factor in the capsizing of a Baltimore water taxi that killed five people in 2004, a trend that has led to other deadly transportation accidents, the government said. The...
