Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Fraud Reportedly Spreading to N.Y. Suburbs
Aug 13 2003 // Insurance fraud rings long-established in New York City are now reportedly targeting the suburbs for their scams as the fraud indictments announced this week by the Suffolk County District Attorney’s Office vividly...
NAII Commends NYSID Approval of Rate Raises for High-Risk Drivers
Aug 11 2003 // The National Association of Independent Insurers has issued a statement commending the New York State Insurance Department’s action in approving a statewide average rate increase of 19.7 percent for high-risk drivers...
NYSID Emphasizes “Fraud Awareness Week” with Three Arrests
Aug 11 2003 // New York’s Superintendent of Insurance, Gregory V. Serio announced the arrest of three western New Yorkers during National Fraud Awareness Week, August 3-9, stating that they had “come at an important time of...
PIANY to Offer CE for N.Y., N.J. Agents at Hudson Valley RAP
Aug 7 2003 // The Professional Insurance Agents of New York State Inc. will hold a course that offers continuing education credits for both New York state and New Jersey independent agents at its first Hudson Valley Regional Awareness...
CIBGNY’s Annual Golf Open a Success, Boasts High Attendance
Aug 4 2003 // Friends, great food and old-fashioned competition attracted the Council of Insurance Brokers of Greater New York members and colleagues to the association’s Annual Golf Open, recently at Engineers Country Club on...
New Study Reportedly Shows Lack of Reform is Corrupting N.Y. Auto System
Jul 31 2003 // The Alliance of American Insurers reports that a recently completed new study shows that a lack of anti-fraud safeguards in New York State’s auto insurance system has caused New Yorkers to develop more permissive...
Montpelier Re Prices $250M Senior Notes Offering
Jul 31 2003 // Montpelier Re Holdings Ltd. announced that it has priced an offering to sell $250 million of senior notes due 2013. The senior notes will bear interest at 6.125 percent per year and, unless previously redeemed, will mature...
N.Y. Officials Announce Arrest in 9/11 Auto Fraud Case
Jul 22 2003 // New York City Police Commissioner Raymond Kelly and New York State Insurance Superintendent Gregory Serio announced the arrest of Peter Perouza, 32, who is charged with insurance fraud and grand larceny stemming from a...
N.Y. Dept. Initiates Return of Unlawful Premiums Charged on Homeowners Policies
Jul 18 2003 // New York Superintendent of Insurance Gregory Serio announced that an investigation has determined that the New Hampshire Insurance Company reportedly illegally collected premiums for terrorism insurance on approximately...
N.Y. Dept. Rejects Filing to Boost Workers’ Comp Rates
Jul 16 2003 // New York State Insurance Superintendent Gregory Serio reportedly rejected this years’ filing by the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation insurance overall rate...
N.Y. Man Arrested for Fraudulent Claim in Home Fire
Jul 14 2003 // New York Superintendent Gregory Serio announced that Samuel Gardner, 41, of Kent, New York, was arrested and charged with Insurance Fraud, Arson and Attempted Grand Larceny. On July 28, 2002 Mr. Gardner’s home was...
N.Y. Man Pleads Guilty to Conspiracy in $1M Scam
Jul 14 2003 // New Jersey Attorney General Peter Harvey announced that a New York man has plead guilty to conspiracy for his reported role in helping to finance a scheme designed to fraudulently collect on a million-dollar insurance...
Chase to Return to Auto Leasing in R.I.
Jul 9 2003 // Chase Manhattan Automotive Finance Corporation, a subsidiary of JPMorgan Chase Bank, announced that it will return to the auto leasing business in Rhode Island immediately after the Governor signs a new bill limiting...
N.Y. Woman Arrested for Prescription Claims Fraud
Jul 9 2003 // New York’s Superintendent of Insurance Gregory V. Serio announced that an investigation into a fraudulent prescription drug reimbursement claim has resulted in the arrest of Lynn Blake, 37, of Middletown, New York,...
Insurance Hall of Fame to Induct AIG’s Edmund Tse, Grupo Nacional’s Clemente Cabello
Jul 8 2003 // Edmund Tse, Senior Vice Chairman and Co-Chief Operating Officer of American International Group, and Clemente Cabello, CEO of Mexico’s Grupo Nacional have been named to the prestigious Insurance Hall of Fame by the...
Honda Set to Stop N.Y. Auto Leasing Due to Liability
Jul 3 2003 // The U.S.-based financing company for Japan’s Honda Motors is reportedly set to end automobile leases in New York at the end of the month due to the State’s third-party liability laws. NY law considers lessors...
Suffolk County N.Y. Sweep Nets 18 on Charges of Workers’ Comp Fraud
Jul 1 2003 // Suffolk County District Attorney Thomas Spota announced the arrest of 18 people on charges of grand larceny, insurance fraud and other crimes related to defrauding New York’s State Workers’ Compensation...
Aon Moves into New NYC Offices, Reaffirms Commitment to City
Jun 30 2003 // Aon Corp. announced the official opening of its new permanent offices in New York City, downtown at 199 Water St. and midtown at 55 E. 52nd St. The two new facilities will permanently replace those lost in the Sept. 11...
NYPIUA Begins Accepting Applications for New Insurance and Renewals
Jun 30 2003 // The New York State Insurance Department announced that the New York Property Insurance Underwriting Association (NYPIUA) has begun accepting application for insurance and issuing renewals. The law authorizing the NYPIUA...
AIA Joins in Filing Amicus Brief in Support of Reg 68 Changes
Jun 27 2003 // The American Insurance Association announced that it has joined with other trade associations to file an amicus brief with the New York Court of Appeals in support of the changes in the no-fault auto insurance Regulation...
