A proposal to charge New Yorkers a $15 fee on their auto insurance faced a road block Wednesday in the state Legislature. Gov. Eliot Spitzer’s proposal would help pay for bridge maintenance and repairs that lawmakers agree are overdue. But …
N.Y. Governor Eliot Spitzer has proposed upping the current surcharge on Empire State auto insurance policies by $15 as part of his statewide budget plan. That increase would raise to $20 the surcharge on any New York auto insurance policy. …
New York State agents and insurers praised the passage late last month of a key workers compensation reform that will move the state to a loss-costs basis for rates. Under the proposed loss cost system, aggregate industry-wide costs and expenses …
New York State agents and insurers praised the passage late last month of a key workers compensation reform that will extend the rate-making authority of the New York Compensation Insurance Rating Board, and move the system to a loss cost …
New York insurance brokers may soon be required to reveal much more about how they are being paid by insurers if the state insurance department follows through on plans to remake the rules on commission disclosure. The subject of commissions …
A commission helping redraft the regulatory framework for New York’s finance industry is considering placing greater emphasis on “principles” than on strictly defined rules, Gov. Eliot Spitzer said. Regulations based on broad guidelines — such as “observe proper standards of …
John J. Kenny, a former deputy chief of staff at the state’s liquidation bureau and adviser to Gov. Eliot Spitzer, has been named special counsel to Superintendent of Insurance Eric R. Dinallo. In his new role, Kenny will oversee special …
In his first ever State of Upstate address this morning, New York Gov. Eliot Spitzer praised last year’s passage of the Empire State’s landmark workers’ compensation insurance reform as a key victory for businesses in Northern N.Y. The reforms, which …
New leaders tackled old issues and the region battled fire and rain. 1. No day at the beach Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an inactive hurricane season. For the most …
The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of virtually all segments of the insurance market and even buyers in …
