Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Sorrell Joins Lemac & Associates
Jul 20 2004 // Lemac & Associates Inc. announced that John D. Sorrell Jr., has joined its Los Angeles office as assistant vice president. Sorrell will be based in Lemac’s Los Angeles office and will be responsible for...
Insurers Warn Over N.Y. Workers’ Comp Rates
Jul 19 2004 // Following last week’s rejection of the industry’s request for a 29.3 percent hike in New York workers compensation rates, insurers have cautioned that the decision could eventually make it tougher for employers...
N.Y.’s Vicarious Liability Costly for Consumers and Auto Dealers
Jul 19 2004 // New York’s so-called vicarious liability law affecting car leasing firms costs consumers more than $130 million a year and has led to a 36 percent decline in the number of vehicles leased in New York each year,...
Brokers Urged to Avoid Surprises in Lawyers’ E&O
Jul 19 2004 // The news that the market for lawyers’ liability coverage is softening may not be surprising but the questions that today’s insurance underwriters ask about law firm accounts might be, attendees at a recent...
Chubb, National Grange, N.Y. Central Mutual and Sterling Top Performers in PIANY Annual Survey
Jul 19 2004 // Chubb Group, National Grange, New York Central Mutual and Sterling Insurance Co. ranked among the top performers out of 38 evaluated in the second annual company performance survey by the Professional Insurance Agents of...
Construction Defects Burning a Hole through the Residential Contractors Market
Jul 19 2004 // Whether real or imagined, the threat of construction defects litigation has burned through the residential contractors liability insurance market like a California wildfire. Over the past couple of years, contractors and...
N.Y. FAIR PLAN BACK IN BUSINESS:
Jul 19 2004 // After nearly nine weeks of being suspended, operations at the New York property insurance residual market are back. The suspension of the New York Property Insurance Underwriting Association, also known as the Fair Plan,...
N.Y. MED-MAL RATES UP 7%:
Jul 19 2004 // New York Superintendent of Insurance Gregory V. Serio announced that the majority of New York State’s 50,000 physicians will see a 7 percent rate increase in their medical malpractice insurance premiums for the...
Brokers Urged to Avoid Surprises in Lawyers’ E&O
Jul 19 2004 // The news that the market for lawyers’ liability coverage is softening may not be surprising, but the questions that today’s insurance underwriters ask about law firm accounts might be, as the attendees at a...
Decision on N.Y. Workers’ Comp Rates Due Today
Jul 15 2004 // New York workers compensation insurers should find out today whether they will be allowed to raise rates beginning in October. By law, the New York Insurance Department must issue a decision on rates by July 15. The...
N.Y. Rejects 29% Workers’ Comp Rate Increase
Jul 15 2004 // New York Superintendent of Insurance Gregory V. Serio today rejected the filing submitted by the New York Compensation Insurance Rating Board (CIRB) that sought an overall increase of 29.3 percent in workers’...
N.Y. Department to Hold Supplemental Public Hearing on Proposed Workers’ Comp Rate Hike
Jul 9 2004 // The New York State Insurance Department has scheduled a public hearing for Tuesday, July 13, to consider the application of the New York Compensation Insurance Rating Board for a workers’ compensation insurance...
Insurers Back N.Y. Surplus Lines Financing Change
Jul 8 2004 // A trade group for property casualty insurers is urging New York Governor George Pataki to sign a bill that would eliminate current limitations on premium financing for surplus lines transactions. “We strongly support...
N.Y. Gov. Pataki Reports Drop in Auto Rates
Jul 7 2004 // New York Gov. George Pataki announced a two percent decrease in auto insurance premiums for drivers receiving coverage under the New York Assigned Risk Plan, which will reportedly result in lower insurance payments for...
N.Y. Disability Coverage for Mental Health Upheld
Jul 6 2004 // New York state law does not require disability insurance policies to include the same benefit levels for physical injuries and for disabling mental and emotional conditions, the state’s highest court ruled last...
CEOs Question Wisdom of Sarbanes-Oxley at S&P Conference
Jul 5 2004 // In the opinion of one major industry player, The Sarbanes-Oxley Act of 2002 set in place “a mad rush to save the world from bad management,” a misguided and costly strategy that will fall victim to its...
Brokers Urged to Avoid Surprises in Lawyers’ E&O at PLUS Symposium
Jul 5 2004 // The news that the market for lawyers’ liability coverage is softening may not be surprising but the questions that today’s insurance underwriters ask about law firm accounts might be, attendees at a recent...
Brokers Urged to Avoid Surprises in Lawyers E&O
Jul 5 2004 // The news that the market for lawyers’ liability coverage is softening may not be surprising but the questions that today’s insurance underwriters ask about law firm accounts might be, attendees at a recent...
Sarbanes-Oxley ‘Stifles Competition,’ Says MetLife CEO
Jul 5 2004 // In the opinion of one major industry player, The Sarbanes-Oxley Act of 2002 set in place “a mad rush to save the world from bad management,” a misguided and costly strategy that will fall victim to its...
Sarbanes-Oxley ‘Stifles Competition’, Says MetLife CEO
Jul 5 2004 // In the opinion of one major industry player, The Sarbanes-Oxley Act of 2002 set in place “a mad rush to save the world from bad management,” a misguided and costly strategy that will fall victim to its...
