Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Fugitive N.Y. Insurance Fraud ‘Princess’ Arrested
Apr 19 2006 // A Manhattan woman who posed as a Saudi Arabian princess in an insurance scam plans to return to New York following her arrest at a Florida shopping mall on a fugitive from justice warrant, authorities said. Antoinette...
N.Y. Knicks Insured Coach’s Contract
Apr 19 2006 // The New York Knicks took out an insurance policy on coach Larry Brown’s contract that would free the team from paying the remainder of the coach’s contract if he’s forced to resign due to health issues,...
Integro Adds Goett, McGraw in N.Y.
Apr 18 2006 // Insurance brokerage firm Integro has reported two key hires for its New York office. William Goett has joined the firm as managing principal in the Client Development department, and Robert McGraw will serve as principal...
Grigg Joins Willis Construction-Related Professional Liability Unit in N.Y.
Apr 18 2006 // Willis Group Holdings is expanding its construction practice with the appointment of David Grigg as senior vice president and national director for professional liability. Grigg is based in New York City. In this new...
People
Apr 17 2006 // Palisades Safety and Insurance Management Corporation, a New Jersey private passenger automobile insurer, announced that Ed Fernandez has assumed the role of president and CEO, effective immediately. Fernandez succeeds...
N.Y. Central Mutual Cuts Rates for Homeowners, Renters Statewide
Apr 14 2006 // New York Central Mutual Fire Insurance Company, the largest regional writer of homeowners insurance in New York State, has announced that it is reducing rates on homeowners policies by an average of 10 percent statewide...
Study Claims N.Y. Employer Mandate Would Cost Jobs, $9.2 Billion
Apr 12 2006 // Up to 100,000 jobs would be lost in New York State and businesses stand to take a $9.2 billion dollar hit under a proposed healthcare mandate, according to research by University of Kentucky economist Dr. Aaron Yelowitz...
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...
