Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
N.Y. Firefighters Kick Off Fire Safety Campaign Aimed at Children
Mar 8 2006 // There’s more to fire safety education than stop, drop and roll, firefighters say. New York City firefighters and a fire safety advocate launched a national fire safety education campaign this week with the release of...
N.Y. Governor Proposes Tougher Tour Boat Safety Laws
Mar 7 2006 // New York Gov. George Pataki has proposed legisaltion requiring stricter safety and insurance requirements for commercial passenger boats on the state’s waterways. The legislation mirrors proposals the governor made...
‘Live From New York,’ It’s Personal Moments Sponsored by Nationwide
Mar 7 2006 // Nationwide Mutual Insurance Company is giving consumers a chance to actively participate in the company’s 2006 Life Comes At You Fast advertising campaign by posting their personal Life Comes At You Fast moments on...
Willis Adds N.Y. Company to Strengthen Fine Art, Jewelry and Specie Group
Mar 3 2006 // Willis Group Holdings Limited reported the acquisition of Gueits, Adams & Company. Located in New York City, Gueits, Adams specializes in jewelers block insurance and has annualized revenues of approximately $4...
Survey of Agents Finds No Immediate Crisis in N.Y. Homeowners Market
Feb 28 2006 // The Professional Insurance Agents of New York State Inc. reported that a week-long survey of its members regarding the current conditions of the homeowners market in downstate New York found there is no immediate crisis in...
N.Y. Homeowners Insurance Market: Strong or Weak?
Feb 28 2006 // New York’s homeowners insurance market is either strong, stable or fragile depending upon whether the speaker is an agent or an insurer. Also, Allstate Insurance Co.’s decision to limit its business in eight...
Broker Lockton’s N.Y. Retail Office to be Run by Former Aon, Willis Execs
Feb 28 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...
AIG Forms Specialty Excess Unit to Handle C.V. Starr, Other Business
Feb 27 2006 // The AIG Companies have formed AIG Specialty Excess, an umbrella and excess casualty underwriting unit that the company says will concentrate on insuring specialty and difficult-to-place classes of business including...
Capsized N.Y. Tour Boat’s Insurance Broker Focus of 3-State Probe
Feb 26 2006 // Regulators in three states are investigating whether companies in London and Miami sold a fraudulent insurance policy to the owner of a tour boat that capsized on a New York lake and killed 20 elderly tourists, a Detroit...
N.Y. Looks to Return $150 Million in Unclaimed Insurance, Bank Funds
Feb 26 2006 // New Yorkers this fiscal year are expected to recover about $150 million from lost bank accounts, insurance policies and other funds, state Comptroller Alan Hevesi said last week. The abandoned funds include old bank...
Futures Trading Begins on Snowfall Index for Boston, N.Y. City
Feb 26 2006 // Trading on snowfall futures has begun. Chicago Mercantile Exchange, which bills itself as the world’s largest and most diverse financial exchange, began Feb. 26 listing and trading snowfall futures and options on...
Insurers Ready to Testify That N.Y. Homeowners Market is Healthy
Feb 23 2006 // The New York homeowners insurance market is stable, according to the Property Casualty Insurers Association of America. Kristina Baldwin, PCI’s regional manager, will testify to that effect Monday before a hearing of...
Retailers challenge benefit mandates in Md., N.Y.
Feb 20 2006 // A group of retailers has filed suits challenging laws in Maryland and New York that were enacted to pressure employers to spend a minimum amount on their employees’ health benefits. The Retail Industry Leaders...
