Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Allcity Ins. Co. Pulls out of New York State
Mar 2 2001 // Allcity Insurance Co. has announced that effective immediately it will no longer accept new applications or binders for any insurance policies and that it has filed plans of orderly withdrawal with the New York Insurance...
Agents Sue New York Life
Mar 1 2001 // A group of ten current and former New York Life agents filed suit against the company yesterday claiming the insurer held back retirement benefits and unfairly fired more than 1,300 agents. The agents allege that when the...
New York Agent Appointments Can Now Be Handled Online
Feb 23 2001 // New York Superintendent of Insurance Neil D. Levin announced that effective immediately all authorized insurers will have the ability to appoint and terminate licensed agents electronically. “This use of the internet...
NY to Offer Consumers “Live” Help on Website
Feb 15 2001 // The New York Department of Insurance is now offering consumers the opportunity to be engaged by a department representative to assist in their search of information when they visit the New York State Insurance Department...
Management buys New York Brokerage
Feb 7 2001 // New York-based Frenkel & Co. Inc. has a new owner-senior management as a result of a management buyout Monday led by Robert Shunk and John Kelly. Shunk will continue as chairman of Frenkel, and Kelly will serve as...
New York Implements e-Commerce Guidelines on Advertisements, Referrals and Solicitations
Feb 6 2001 // New York Superintendent of Insurance Neil D. Levin has issued guidance to the industry concerning the application of the New York Insurance Law to insurance advertisements, referrals, and solicitations on the Internet. The...
Concorde May Fly Again, Despite Lawsuits by Grieving Passenger Families
Feb 5 2001 // Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its...
Daniel Varona to Become New York’s Deputy Superintendent
Jan 31 2001 // New York Superintendent of Insurance Neil D. Levin has named Daniel R. Varona a Deputy Superintendent effective immediately. Varona will oversee the activities of the department’s Life Bureau as well as coordinate...
Concorde May Fly Again, Despite Multiplying Lawsuits
Jan 29 2001 // Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its...
NY DOI Revokes Agent’s License for Scam that Targeted Elderly
Jan 26 2001 // New York Superintendent of Insurance Neil D. Levin has revoked the license of insurance agent Tiber Tomshaw’s for the illegal sale of securities. He also issued a warning to New York consumers concerning the sale of...
New York Ins. Superintendent Withdraws 381 Circular Letters
Jan 23 2001 // New York Superintendent of Insurance Neil D. Levin announced that the department has completed its first ever across-the-board review of all circular letters. The evaluation was conducted to determine the consistency of...
New York State Insurance Department May Act to Assist Small Businesses
Jan 23 2001 // The New York State Insurance Department is investigating whether insurance policies for sole proprietors are priced too high. The department says there are indications that the rates may be justified to move toward small...
New York Fraud Convictions Reach New High
Jan 22 2001 // New York Superintendent of Insurance Neil D. Levin announced that the department’s year-end fraud fighting statistics show that arrests and criminal convictions reached an all time high. In 2000, arrests increased...
Arizona Firm Wins Right to File Suit in New York Court
Jan 16 2001 // A lower court decision that an Arizona insurance company could not sue its former attorney for malpractice, negligence and fraud was reversed last week by the Appellate Division of Arizona’s Supreme Court. Senate...
New York Bank Completes Agency Acquisitions
Jan 10 2001 // Tompkins Trustco Inc., a multi-bank holding company, has completed the previously announced acquisition of Austin Hardie Wise Agency Inc. and Ernest Townsend & Son Inc., effective January 1, 2001. The combined agency...
Donegal Completes Acquisition of Pioneer
Jan 4 2001 // Donegal Group Inc. has completed the acquisition of Pioneer Insurance Co., which is headquartered in Greenville, New York, from Donegal Mutual Insurance Company effective January 1, 2001. The purchase price will be equal...
New York DOI Codifies Statutory Accounting Principles
Jan 2 2001 // New York Superintendent of Insurance Neil D. Levin announced the adoption of a new regulation implementing a codification of statutory accounting principles for insurers. The purpose of the codification is to enhance the...
AXA, AXA Merger Complete Exchange Offer for AXA
Dec 26 2000 // AXA and its wholly owned subsidiary, AXA Merger Corp. have completed their exchange offer for all outstanding shares of common stock of AXA Financial, Inc., other than shares owned by AXA and its subsidiaries and shares...
Allcity Withdraws From Several Lines in New York
Dec 21 2000 // Allcity Insurance Company will non-renew all voluntary statutory automobile (public livery vehicles: black cars, suburban cars and medallions) policies effective March 1, 2001. In addition, the company said, effective...
New York Man Arraigned for Insurance Fraud
Dec 20 2000 // New York Superintendent of Insurance Neil D. Levin announced that Arnold J. Pieroni Jr., 49, of Lewiston was arraigned on Dec. 15, 2000. He plead not guilty on two counts of insurance fraud in the second degree and one...
