Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
N.Y. Supt. Mills Defends Contingencies; Reports on Risk-Based Exams
Jan 23 2006 // New York State Superintendent of Insurance Howard Mills defended contingent commissions and reported progress in moving his regulatory agency toward risk-based market conduct reviews of insurers. He also shared his views...
N.Y.’s workers’ comp system’s not working
Jan 22 2006 // Many suits formerly brought under the employers liability section of the workers’ compensation policy are now brought under the contractual liability section of the general liability policy. This shift has...
Business Moves
Jan 22 2006 // Bollinger, MLW Services Bollinger Inc. has acquired MLW Services Inc. of New York. The principals of MLW, Andrew Marks, president and CEO, Bert Linder, executive vice president and Chuck Weisblum, chairman, will continue...
News Currents
Jan 22 2006 // From New England to Virginia, courts and juries made insurance headlines Up and down the East coast, much of the most interesting local insurance news in 2005 took place in the courts of law and not in the court of public...
Northeast Winds Topple Trees, Power Lines from Mass. to Maryland
Jan 18 2006 // Usually snow and ice are the culprits this time of year in the Northeast for problems with the weather. Wednesday, though, proved to be Mother Nature offering a different problem for residents. Winds, in some cases...
N.Y. City Dismissed as Defendant in World Trade Center Collapse
Jan 17 2006 // New York City was dismissed from a federal lawsuit alleging that it was negligent in the collapse of a building at the World Trade Center that crumbled hours after the twin towers fell. Judge Alvin K. Hellerstein dismissed...
NBIS Expands Wrap Product to Condominiums in All But New York
Jan 17 2006 // NBIS, the exclusive manager for ProBuilders Specialty Insurance Co., RRG, has expanded its wrap product to include condominium conversion projects in all states except New York. NBIS is targeting the following conversion...
N.Y. Insurance Wholesalers Elect Hollederer of Russell Bond President
Jan 16 2006 // Gary A. Hollederer has been elected president of the Professional Insurance Wholesalers Association of New York Inc. (PIWA) for 2005 through 2007. This not for profit association works with legislators and the insurance...
N.Y.’s $5M in Grants to Combat Auto Theft, Insurance Fraud
Jan 15 2006 // The New York State Division of Criminal Justice Services has awarded more than $5 million to 29 law enforcement agencies in 16 counties throughout the state to support local programs to combat motor vehicle theft and...
