New York News

Louisiana’s Jim Brown Won’t Back Down

What have you done in the last six months? Former Louisiana Commissioner Jim Brown lost 28 pounds, read 100 books, cooked for hundreds of people daily and squeezed in a weekly World Wide Web column between two book projects. Of …

Execs Talk Future of Industry at 9th Annual ITC Forum

“Amateur hour is over.” Those were the words of the Sullivan Group president Gerald J. Sullivan, addressing a roomful of industry executives recently at the 9th Annual Insuring the Children Forum. Sullivan’s words were marked with caution as he warned …

Louisiana’s Jim Brown Won’t Back Down

What have you done in the last six months? Former Louisiana Commissioner Jim Brown lost 28 pounds, read 100 books, cooked for hundreds of people daily and squeezed in a weekly World Wide Web column between two book projects. Of …

Joycette Casella Joins Western Security Surplus Brokers

Pasadena-based Western Security Surplus Insurance Brokers Inc. announced that Joycette A. Casella has joined as a broker. Casella will be responsible for producing new business opportunities in the commercial property and liability and the professional liability arenas. She will also …

S&P Lowers Princeton Insurance Co. Ratings to ‘Bpi’

Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on New Jersey-based Princeton Insurance Co. to ‘Bpi’ from ‘BBBpi’ “because of adverse reserve development in 2002 and 2001, which significantly affected the …

N.Y. Doctor Announces Settlement of Defamation Action Against Allstate

New York physician Dipak Nandi, M.D. issued an announcement that he has settled his U.S. Federal District Court defamation action against Allstate Insurance Company and Encompass Insurance, a division of Allstate Insurance Company, which he commenced in June of 2002. …

N.Y. Governor Introduces

New York’s Governor George E. Pataki announced that he has introduced legislation to provide enhanced insurance protections for New York State business owners. The Governor said the legislation would allow for the availability of more meaningful, adequate and flexible coverage …

Majority of U.S. Insurers Reportedly Feel IT to Become More Important

Eighty-eight percent of insurers think that IT will become more important in driving efficiencies and cost-reductions in future, according to new research released by RebusIS, an insurance technology solutions provider. A further 55 percent of respondents to the survey argued …

N.Y. Healthcare Alliance Warns of Cuts as Med Mal Premiums Rise

The New York Healthcare Alliance (NYHA), a coalition of healthcare providers and workers from approximately 75 hospitals throughout the state, has issued a warning that, as a result of a recent court ruling, “New Yorkers will lose critical medical services …

Marshall Rubenstein to Receive PIANY’s Distinguished Insurance Service Award

The Professional Insurance Agents of New York State Inc. announced that Marshall Rubenstein, CIC, president of Margold Insurance Agency in Hicksville, will receive the Distinguished Insurance Service award to be presented at the association’s annual conference which will be held …