Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Industry Must Sell More to Succeed, Stresses Willis’ Plumeri
Feb 23 2004 // Those who worry about outsiders taking over the insurance industry should be reassured when they witness not only Joseph Plumeri’s success but also his passion for the industry. Less than four years ago, Plumeri came...
SIAA Notes Purchase of N.Y. Agency by Treiber Group
Feb 20 2004 // The Strategic Independent Agents Alliance, the largest network of partnering independent insurance agencies in the U.S., announced that The Treiber Group, LLC of Garden City, N.Y. has purchased Insurance Agents Alliance of...
N.Y. Online Renewal Application Details
Feb 18 2004 // The New York State Department of Insurance announced that its on line license renewal application forms for Individual/TBA Property & Casualty agents is fully operative. Agents may now renew their 2004- 2006 licenses...
Prison for N.Y. Man Who Pled Guilty to Arson Attempt
Feb 16 2004 // New York’s Superintendent of Insurance Gregory V. Serio announced that an Auburn businessman, Francis Rikhoff, who pled guilty to an attempted arson in order to collect insurance monies for TNY Car Toyz, a store he...
Group Urges Calif., N.Y. Regulators to Probe Broker Practices
Feb 11 2004 // A conservative legal group has called for insurance regulators and attorneys general in California and New York to investigate conflicts of interest they say are caused by placement service agreements (PSAs) and the...
N.Y. Senate Hears Testimony on No-fault Frauds
Feb 11 2004 // The New York Senate’s Standing Committee on Insurance, heard from a number of interested parties, including various industry groups, regarding growing concerns about insurance fraud, particularly staged accidents,...
Chubb Establishes New Marine Operation
Feb 10 2004 // Chubb announced that it has established Chubb Marine Underwriters within its commercial insurance operation to provide marine products and services to the global insurance market. The new unit, headquartered in New York...
PCI Questions N.Y. Wrongful Death Bill
Feb 10 2004 // The Property Casualty Insurers Association of America has issued a statement warning that a New York Senate bill could increase damages in wrongful death cases and would be a radical departure from current law that could...
N.Y. WC BOARD REPORTS SUCCESS:
Feb 9 2004 // The New York State Workers’ Compensation Board resolved 315,000 claims in 2003—almost three claims per minute—marking the third consecutive year that the board has reached the 300,000 resolution mark. Interim...
N.Y. AGENTS SET LEGISLATIVE AGENDA:
Feb 9 2004 // Despite a recent decision by the state’s Court of Appeals that narrows the scope of the state’s so-called labor or scaffold law, the Independent Insurance Agents & Brokers of New York Inc. insists it will...
CALIF. COMMISSIONER ANNOUNCES SETTLEMENT ON BEHALF OF SURVIVORS OF VICTIMS OF ARMENIAN HOLOCAUST:
Feb 9 2004 // California Insurance Commissioner John Garamendi announced a settlement in long running litigation between descendants of the victims of the Armenian Genocide and the New York Life Insurance Company. “During the late...
Industry Must Sell More to Succeed, Stresses Willis’ Plumeri
Feb 9 2004 // Those who worry about outsiders taking over the insurance industry should be reassured when they witness not only Joseph Plumeri’s success but also his passion for the industry. Less than four years ago, Plumeri came...
No Brake Yet for Personal & Commercial Auto
Feb 9 2004 // The auto insurance market has come a long way since Travelers wrote the first third-party policy for Gilbert J. Loomis’s one-cylinder car in 1897. “I’ll never insure a gasoline can on wheels,”...
PIANY Notes Effect of Law to Protect Policyholders, Agents
Feb 6 2004 // The Professional Insurance Agents of New York State Inc. noted that as of Feb. 12 a new law comes into effect in New York that will give greater protection to the state’s insurance-buying consumers, who can be...
IIABNY Members Meet with Legislators During 34th “L-Day”
Feb 6 2004 // Nearly 200 agents and brokers gathered today at the State Capitol in Albany for the Independent Insurance Agents & Brokers of New York’s 34th Legislative Day. During the day, agents and brokers met with...
PIANY Summarizes 2004 Legislative Issues
Jan 30 2004 // The Professional Insurance Agents of New York, Inc. has released a statement summarizing the issues that face insurance producers and companies in the 2004 New York legislative session. The PIANY listed its legislative...
Calif. Commissioner Announces Settlement on Behalf of Survivors of Victims of Armenian Holocaust
Jan 28 2004 // California Insurance Commissioner John Garamendi announced a settlement in long running litigation between descendants of the victims of the Armenian Genocide and the New York Life Insurance Company. “During the late...
N.Y. Agent Arrested on 50 Counts of Insurance Fraud
Jan 28 2004 // New York State Insurance Department Superintendent Gregory V. Serio announced the arrest of Lon T. Horton, who has been charged with 43 counts of issuing fraudulent certificates of insurance, two counts of insurance fraud,...
NYSID Reports Record Fraud Fighting Year
Jan 27 2004 // The New York State Insurance Department’s Frauds Bureau 2003 Annual Report details some significant achievements made over the past year to combat insurance fraud. The Bureau racked up a record number of fraud...
PIANY Commends Authorities on Fraud Results, Urges Vigilance
Jan 27 2004 // The Professional Insurance Agents of New York State Inc. expressed the organization’s satisfaction at the fraud fighting efforts of both the NYSID (see previous article) and the Automobile Insurance Fraud Unit (AIFU)...
