Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Alliance Urges NY Governor to Sign Structured Settlements Bill
Jul 10 2002 // The Alliance of American Insurers urged New York’s Governor George Pataki to sign Bill S7810/A6936A which would enact legislation regulating structured settlements, as a necessary measure to protect consumers. The...
NY Expands On-line Multi-state License Processing to Agents
Jun 26 2002 // The New York State Insurance Department announced that non-resident insurance agents can now obtain a license on-line through the National Insurance Producer Registry (NIPR), the national licensing system. New York is one...
21 More Persons Arrested in NY Auto Fraud Scam
Jun 20 2002 // The New York State Insurance Department announced the arrest of an additional 21 persons (112 were indicted last December), charged with participating in an auto fraud insurance ring in Queens. The NYSID said that the...
NYSID Approves Moody’s Captive
Jun 19 2002 // Moody’s Corp., which is best known for its investors service, has won approval from the New York State Insurance Department to establish a captive insurer in the state, Moody’s Assurance Company Inc. The...
PIA Panel Gives Views on Hard Market
Jun 17 2002 // The combined meeting of the Professional Insurance Agents of New York and New Jersey, recently held in Atlantic City, heard a number of views from a panel of experts on the current state of the insurance market. The...
Ind. Farm Bureau Insurance Cos. Acquires Agway Insurance Co.
Jun 17 2002 // Indiana Farm Bureau Insurance Companies has reached a definitive agreement with Agway Inc. to acquire 100 percent of the stock of New York-based Agway Insurance Company, in a deal valued at $21 million. The transaction is...
Insurers & Contractors Trying to Nail Down Proper Coverage
Jun 10 2002 // If you’re placing coverage for a client who is a contractor, there are three factors that determine what obstacles you will encounter: location, location, location. The real question, however, is whether it will stay...
PIA of NY, NJ to Hold Hard Market Panel Discussion at Annual Conference
May 31 2002 // The Professional Insurance Agents of New York and New Jersey announced that they will host a panel discussion on the “Hard Market” at their joint annual conference which takes place June 9-11. The panel, which...
Prison, Restitution Ordered for Utica, NY Man for Auto Insurance Fraud
May 30 2002 // John Biagini, Sr., 50, of Utica NY was sentenced to serve 37 months in federal prison and to pay $80,900 in restitution to several insurance companies after pleading guilty to filing numerous fraudulent auto repair...
AIA Tells NY Senate Sound Science Needed on Mold
May 30 2002 // Eric Goldberg, American Insurance Association (AIA) assistant general counsel, appearing at a hearing held by the New York State Senate’s Health and Environmental Conservation Committees, stated that consumers,...
NAMIC Calls on NY Legislators to Reform No-Fault Auto Laws
May 24 2002 // The National Association of Mutual Insurance Companies (NAMIC) added its weight to the growing demand for reform of New York’s Personal Injury Protection or “no-fault” auto insurance laws. Roger...
NY Fraud Investigators Charge 12 in Stolen Car Insurance Scam
May 24 2002 // Twelve persons have been arrested in a sting operation in Queens, charged with falsely reporting that their vehicles had been stolen and collecting the insurance proceeds, totaling around half a million dollars. The...
NYSID Focus on Insurance During Hurricane Awareness Week
May 22 2002 // While it might be a more urgent priority in Florida or Texas rather than New York, hurricanes and tropical storms can nonetheless cause extensive damage all along the eastern seaboard. It’s not surprising therefore...
NY Judge Orders Prison for WTC Fraud
May 13 2002 // U.S. District Judge Mary Ann Vial Lemmon ordered Jihad Razzaq, a 35-year old illegal immigrant from Palestine, to serve 15 months in federal prison for making a false claim to the New York Life Insurance Co. that his wife...
Terrorism Insurance Still on Front Burner for Insurers, Lawmakers
May 13 2002 // Amid heavy lobbying on the part of financial lenders, insurers, real estate executives and even President Bush, the Democrats and Republicans in the Senate seem to have come to agreement that there is need for some kind of...
IBANY Elects Officers for 2002-03
May 3 2002 // The Insurance Brokers’ Association of the State of New York (IBANY) announced that it recently elected officers for its 2002-2003 administration during the association’s spring board meeting. Dick Impastato of...
Calls Being Made for Safe Driving Practices
Apr 29 2002 // The fundamental question is, does irresponsible use of cell phones while driving cause more accidents? Nicole Mahrt, American Insurance Association director of public affairs (western region), says that her association...
Insurers Expected to Pay $15 Billion to Clean Up, Rebuild NYC
Apr 26 2002 // According to a new study released by the Federal Reserve bank of New York, cleaning up and rebuilding downtown Manhattan is expected to cost up to $29 billion, at least $6 billion less than had been estimated earlier. As...
NY Man Arrested for Disability Fraud
Apr 23 2002 // The NYSID announced the arrest of Joseph Patelunas, 32, of Elmira, New York, on charges of insurance fraud. He is accused of collecting no-fault benefits for a disability when in fact he was not disabled, and of falsifying...
Serio Names Peter J. Molinaro, Louis W. Pietroluongo to NYSID Posts
Apr 18 2002 // New York’s Superintendent of Insurance, Gregory V. Serio, announced that he has named Peter J. Molinaro as Senior Deputy Superintendent of Insurance and Louis W. Pietroluongo as First Deputy Superintendent of the...
