Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
AIG Severs Ties with C.V. Starr; Expands Own Global Energy Unit
Feb 17 2006 // American International Group, Inc. announced Friday that its AIG Companies terminated the agency relationship with Starr Technical Risks Agency, Inc. and its subsidiaries (Starr Tech), insurance agencies owned by C.V....
R.I.’s Beacon Review to be Headed by Former N.Y. City Mayor Giuilani’s Firm
Feb 16 2006 // Former Rhode Island Governor Lincoln C. Almond, who heads a review committee named by The Beacon Mutual Insurance Company, announced that Giuliani Safety & Security, a management consulting firm headed by former New...
N.Y. Worker Injured in Fall From Platform Gets $2.3 Million
Feb 16 2006 // A jury awarded $2.3 million to a Staten Island, N.Y. man who fell from a faulty work platform and broke a kneecap and wrist almost nine years ago, his lawyer said. The Manhattan state Supreme Court jury found this week...
N.Y. Fraud Bureau Touts Record Year
Feb 16 2006 // New York saw more than 750 insurance fraud-related arrests in 2005 as a result of stepped-up law enforcement alliances with federal, state and local officials, according to the state’s insurance fraud report. New...
N.Y. Regulator Balked at Spitzer Deal Ending AIG Contingent Pay
Feb 15 2006 // Producers should no longer expect contingent commissions from American International Group, according to the recent settlement with New York Attorney General Spitzer and what the company says is its own global policy...
N.Y. Sets Agenda for Public Hearing on Homeowners Insurance Market
Feb 13 2006 // New York Superintendent of Insurance Howard Mills released the agenda for a public hearing on the state’s current homeowners’ insurance marketplace that is scheduled for Monday, Feb. 27. The public hearing will...
N.Y. Jury Tosses Family’s Claim That Thrown Shrimp Led to Death
Feb 13 2006 // A jury in Mineola, N.Y. took two hours to reject a widow’s claim that her husband’s death resulted from an injury he suffered while ducking a piece of flying shrimp at a Japanese steakhouse. The family of Jerry...
Retailers File Suits Against ‘Fair Share’ Mandates in Md., N.Y. Courts
Feb 8 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 oin employees’ health benefits. The Retail Industry Leaders Association...
Agent Group Garners N.Y. Award for ‘Lunch ‘n’ Learn’ Seminars
Feb 8 2006 // ˜The Professional Insurance Agents of New York State, New Jersey, Connecticut and New Hampshire has received an Association Excellence Award in Education for its Lunch ‘n’ Learn multimedia Web teleconference...
PCI Says N.Y. Credit Freeze Won’t Cool Identity Theft Problem
Feb 6 2006 // While property/casualty insurers share New York legislators’ concerns about the problem of identity theft, one industry trade group believes that so-called “credit freeze” legislation is an ineffective...
Fitch: stable outlook for broker industry in 2006
Feb 6 2006 // New York-Chicago-based Fitch Ratings is predicting stability and growth for the broker industry in 2006, while admitting that earnings will be down in 2005 because of litigation connected to New York Attorney General Eliot...
Fitch Analyst
Feb 5 2006 // James Auden, Fitch: stable outlook for broker industry in 2006 New York-Chicago-based Fitch Ratings is predicting stability and growth for the broker industry in 2006, while admitting that earnings will be down in 2005...
DCAP Makes Investment in New York’s Commercial Mutual Insurance Co.
Feb 1 2006 // DCAP Group Inc., a chain of independent storefront insurance agencies in the Northeast, has made an investment in Commercial Mutual Insurance Company. DCAP purchased all $3.75 million of the outstanding surplus notes of...
Homeowners’ Insurance Focus of Feb. 27 Public Hearing in New York
Feb 1 2006 // Superintendent of Insurance Howard Mills reported that the New York State Insurance Department will hold a public hearing focusing on conditions in the homeowners’ insurance market in light of Allstate’s...
N.Y. Insurance Association Applauds Plan to Modernize Regulation
Jan 30 2006 // Legislation introduced by New York State Senator James Seward (R-C-I/Milford) to modernize insurance regulation of property/casualty insurance rates will stimulate competition to the benefit of consumers, according to the...
Allstate Releasing 700 Employees
Jan 26 2006 // The Chicago Tribune reported today that Allstate Corp., the nation’s second-biggest auto and homeowner’s insurer after Bloomington-based State Farm Insurance Cos., will be offering a voluntary termination...
N.Y. Church Sues Insurer Over $1.2 Million Thefts Blamed on Priest
Jan 26 2006 // A Roman Catholic church in Manhattan has sued the Travelers Casualty and Surety Co. charging breach of contract, claiming the insurance carrier has improperly refused to pay $1.22 million stolen by a priest. The Church of...
The Hanover Names Sipple as Regional VP for Marine in N.Y.-N.J.
Jan 24 2006 // The Hanover Insurance Group reported that Michelle M. Sipple has been named regional vice president, marine, for the company’s New York and New Jersey region. Sipple will work out of the The Hanover’s...
N.Y. Lawmakers Call for Federal, State Catastrophe Funds
Jan 23 2006 // Three elected representatives from New York joined with a leading homeowner’s insurance company last week in a call for increased government involvement in providing reinsurance for catastrophes. Congressman Steve...
N.Y. Officials Said to Approve Multi-Year Reinsurance Contracts
Jan 23 2006 // New York officials have reportedly reassured the insurance community that, despite concerns over some alleged abuses of finite reinsurance, the use of certain multi-year reinsurance contracts that might be classified as...
