Latest New York Headlines

Universal Life Resources Settles Commission Charges with N.Y.

Jan 5 2006 // New York Attorney General Eliot Spitzer and Insurance Superintendent Howard Mills have come to an agreement with Universal Life Resources, a life and disability insurance consulting firm to resolve allegations relating to...

WellPoint and WellChoice Complete Major Merger

Jan 3 2006 // WellPoint, Inc. and WellChoice, Inc. have completed their merger that they first announced on Sept. 27, 2005. The value of the transaction at that time was estimated to be $6.5 billion. “Our focus as a combined...

Two N.Y. Workers’ Comp Trusts to Close as Board Toughens Standards

Jan 2 2006 // Two of New York’s 70 workers compensation self-insurance trusts are being shut down for their inability to meet financial standards set by state officials. The two trusts are the Provider Agency Trust for Human...

N.Y. insurers to seek an end to price controls in 2006

Jan 2 2006 // Insurers’ proposal would have state switch to file-and-use rate system Insurers in New York State will lobby to end price controls on personal and commercial lines policies in the coming year. Their proposal would...

N.Y. LOWERS ASSIGNED RISK PLAN RATES

Jan 2 2006 // The New York State Insurance Department has approved an average 5.6 percent decrease in auto insurance premiums for drivers in New York’s Automobile Insurance Plan (AIP), also known as the assigned risk plan. The new...

Routine maintenance not covered by labor law, N.Y. court rules

Jan 2 2006 // In a recent case involving millions in potential damages, the Supreme Court of the State of New York (County of Nassau) ruled that an employee who was involved in routine maintenance was not entitled to certain protections...

Insurers’ proposal would have state switch to file-and-use rate system

Jan 1 2006 // N.Y. insurers to seek an end to price controls in 2006 Insurers in New York State will lobby to end price controls on personal and commercial lines policies in the coming year. Their proposal would retain other aspects of...

Routine maintenance not covered by labor law, N.Y. court rules

Jan 1 2006 // In a recent case involving millions in potential damages, the Supreme Court of the State of New York (County of Nassau) ruled that an employee who was involved in routine maintenance was not entitled to certain protections...

Jan 1 2006 // Plymouth Rock Assurance Corporation, a Boston-based auto insurer, has appointed Matthew H. Cronin as senior marketing representative and Sean P. Farrelly as marketing representative, both in Connecticut. Cronin will...

From New England to Virginia, Courts Made Insurance Headlines in 2005

Dec 30 2005 // From Maine to Virginia, many of the insurance headlines in 2005 dealt with compensation and reinsurance probes, just as they did across the country, casting the industry’s reputation in a bad light. But much of the...

N.Y. Rates Auto Insurers on Complaints

Dec 29 2005 // The New York State Insurance Department’s 2005 Annual Ranking of Automobile Insurance Complaints shows Progressive Insurance Group placed highest among the 10 auto insurers with the largest New York market share,...

N.Y. Trial Court Dismisses Claim Under Labor Law by Injured Employee

Dec 27 2005 // In a recent case involving millions in potential damages, the Supreme Court of the State of New York (County of Nassau) ruled that an employee who was involved in routine maintenance was not entitled to certain protections...

The Hartford Marks 10 Years as Public Company and Its Split from ITT

Dec 23 2005 // he Hartford Financial Services Group, Inc. (NYSE:HIG) , one of the nation’s largest financial services and insurance companies, is celebrating its 10-year anniversary as a publicly traded company on the New York...

N.Y. Permits Agents to Recover Costs for Bad Checks in Reversal of Opinion

Dec 21 2005 // New York insurance agents will have the same rights that other businesses have to recover costs when customers write bad checks, according to a new opinion issued December 19 by the New York Insurance Department. The...

Preparing for Worst, Cat Modelers Say More Destruction Ahead

Dec 19 2005 // Florida has survived eight hurricanes in 15 months, but more destruction is coming, according to risk modeling companies and economists speaking at the National Catastrophe In-surance Summit in Burlingame,...

Federal Law Puts Brakes on Vicarious Liability for Auto Rental Firms

Dec 19 2005 // Recent N.Y. $21 Million Award May Be Last of Its Kind in the Nation A New York court’s $21 million award last month to a young Wall Street trader paralyzed in an accident involving a Budget Rent-a-Car vehicle may be...

N.Y. Lowers Assigned Risk Rates

Dec 19 2005 // The New York State Insurance Department has approved an average 5.6 percent decrease in auto insurance premiums for drivers in New York’s Automobile Insurance Plan (AIP), also known as the assigned risk plan. The new...

People & Places

Dec 19 2005 // Dan Carmichael Ohio Casualty Corporation has completed a new five-year agreement with its current president and chief executive officer, Dan R. Carmichael. The prior contract with Carmichael was to expire on Dec. 31, 2005....

Federal Law Drives Away Vicarious Liability for Auto Rental Firms

Dec 19 2005 // Recent N.Y. $21 Million Jury Award May Be Last of Its Kind in the Nation A New York court’s $21 million award last month to a young Wall Street trader paralyzed in an accident involving a Budget Rent-a-Car vehicle...

Dan Carmichael

Dec 18 2005 // William Granato Brandon Hickey Ohio Casualty Corporation has completed a new five-year agreement with its current president and chief executive officer, Dan R. Carmichael. The prior contract with Carmichael was to expire...