Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Tower Group Expanding to States Throughout East Coast, Including N.J., Conn., Mass. and Md.
Jan 18 2005 // Tower Group, Inc. announced that it entered into a stock purchase agreement today to acquire North American Lumber Insurance Company, a shell company with 17 state licenses, nine of which are active in the following...
N.Y.’s Serio Joins D’Amato Firm; Marsh Hearing Postponed as Spitzer Settlement Reported Near
Jan 14 2005 // Outgoing New York Superintendent of Insurance Gregory Serio is joining The Park Strategies, a public affairs and lobbying firm headed by former Republican U.S. Senator Alfonse D’Amato. Serio’s last day with the...
N.Y. Metro Hospitals Decry Average 27% Annual Malpractice Insurance Hike
Jan 10 2005 // Hospitals in the metropolitan New York area have experienced annual malpractice premium increases of 27 percent per year from 1999 through 2004, and a cumulative percentage increase of 147 percent over that five-year...
Spitzer Tells N.Y. Legislators More Charges on the Way; Withholds Judgment on Legislative Response
Jan 10 2005 // The insurance industry can expect new charges from New York Attorney General Eliot Spitzer relating to personal lines insurance, according to the state official. Speaking before an Assembly Insurance Committee hearing in...
N.Y. City Law Holds Gun Manufacturers and Dealers Liable to Victims Under Code of Conduct
Jan 7 2005 // The New York City Council has voted to toughen its gun safety laws with legislation that holds gun makers and dealers financially liable to victims of gun violence if the manufacturers or sellers violate a code of...
General Re Receives Subpoena from N.Y. AG
Jan 7 2005 // General Re Corporation, a subsidiary of Warren Buffett’s Berkshire Hathaway Inc., announced the company has received a subpoena from the New York State Attorney General for documents and information relating to...
Executive Liability Team Based At Beecher Carlson’s N.Y. Office
Jan 7 2005 // Atlanta-based Beecher Carlson Holdings Inc. has formed a Executive Liability Practice at its New York office anchored by Steven Anderson, Jack Flug, John Kerns, Jeff Lattmann and Hank Whiting, all former Marsh executives....
N.Y. Property Plan Matches Electrical Safety Funds
Jan 6 2005 // The New York Property Insurance Underwriting Association (NYPIUA) will assist their policyholders reduce electrical hazards in 2005 through a matching funds program. According to officials, the program, which commenced in...
Commercial Property Market Survives Extraordinary and Ordinary Catastrophes
Jan 3 2005 // The commercial property market took a huge hit from four major hurricanes that struck the U.S. mainland this past year. The full effects may have yet to be felt, however, it looks like commercial property insurers came...
People & Places
Jan 3 2005 // Charles Cushner Kathleen Lawler The Independent Insurance Agents & Brokers of New York Inc. recently announced the addition of three new staff members. Kathleen A. Lawler is IIABNY’s new director of education,...
GEICO TO CUT N.Y. RATES:
Jan 3 2005 // New York Superintendent of Insurance Gregory Serio announced that GEICO auto insurance customers will see an across-the-board rate reduction in 2005 resulting in a savings of 6 percent for a typical policyholder....
WTC OFFICIAL DENIED N.Y. BENEFITS:
Jan 3 2005 // A New York court denied workers’ compensation benefits for a World Trade Center official who rushed from home on Sept. 11, 2001, to help rescue victims of the terrorist attack, saying he was ineligible because he had...
SPITZER LEADS N.Y. GOV. POLL:
Jan 3 2005 // The race is still some time off, but New York Attorney General Eliot Spitzer (D), who has been on a crusade this year to fight alleged bid rigging in the insurance industry, holds a double-digit advantage over Republican...
N.Y. Legislative Insurance Panel to Hear Brokerage Compensation Issues Jan. 7
Dec 31 2004 // A New York Assembly Committee hearing into insurance brokerage practices, originally scheduled for Dec. 6, has been rescheduled for Friday, Jan 7. The hearing will be held in the auditorium of the U.S. Customs House, 1...
High Costs of Doing Business in N.Y. Trounce Advantages, Says Report on State’s Business Climate
Dec 31 2004 // The cost of doing business in New York State is substantially higher than in most other states because employers here must pay more for employee benefits, workers compoensation, energy, taxes and other costs, according to...
World Responds to Asia’s Aid Call
Dec 31 2004 // Just as the disaster that struck 12 countries around the Indian Ocean was unprecedented, so too has been the response from around the world to the calls for help. Private citizens, companies and the World Bank have already...
N.Y. No-Fault Insurance Fraud Ring Busted
Dec 30 2004 // New York Attorney General Eliot Spitzer and State Insurance Superintendent Gregory Serio on Wednesday announced the arrest of 31 members of a Bronx based no-fault insurance fraud ring that reportedly submitted phony...
Another N.Y. Auto Insurer Reduces Rates
Dec 30 2004 // New York Superintendent of Insurance Gregory V. Serio announced that Progressive Northeastern Insurance Company (PNEIC) will reduce its rates an average of 5.1 percent for 2005, saving its private passenger customers...
N.Y. to Hear 9.5% Workers’ Comp Rate Hike
Dec 30 2004 // The New York State Insurance Department has scheduled a public hearing for Friday, Jan. 7, 2005 to consider the application of the New York Compensation Insurance Rating Board for a workers’ compensation insurance...
Worldwide Response to Asia’s Agony; Calls for Donations
Dec 30 2004 // As the scope of the disaster that struck 11 countries in the Indian Ocean continues to emerge, the world’s nations are beginning to gear up for what will undoubtedly be the largest collective relief effort ever...
