New York News

‘Hank’ Greenberg to Host Fundraiser for Republican Candidate Perry

C. V. Starr & Co. Inc. Chairman and CEO Maurice “Hank” Greenberg is scheduled to host a fundraising event in New York on Tuesday, Sept. 20, for Texas Gov. Rick Perry. Perry is one of the leading Republican Party candidates …

New York Firm Unlawfully Fired Workers for Facebook Postings: NLRB

In the first ruling of its kind, a National Labor Relations Board administrative law judge has found that a Buffalo, N.Y.-based non-profit organization unlawfully discharged five workers after they posted comments on Facebook related to their work environment. Their online …

Higher Workers’ Comp Loss Costs in New York Start Oct. 1

An average 9.1 percent increase in New York State’s workers compensation loss costs is scheduled to go into effect Oct. 1. The planned change was previously approved by the New York State Insurance Department in mid-July. Back in May, the …

O’Brien Joins Aon as Upstate New York, New England Resident Sales Director

Aon Risk Solutions, the global risk management business of Aon Corp., announced that Philip O’Brien has been appointed resident sales director of the New England and upstate New York region. He is responsible for business development as well as providing …

Chiropractors Push to Reverse New York’s Workers’ Comp Guidelines

New York chiropractors don’t like the new medical treatment guidelines adopted last December by the New York State Workers’ Compensation Board. These changes focus on the treatment for the mid- and low-back, neck, shoulder and knees. The state’s main chiropractic …

National Financial Partners Acquires California’s DA Financial

New York-based insurance broker National Financial Partners Corp. has acquired DA Financial Group of San Francisco, Calif., for an undisclosed amount. With annualized revenue of $5 million, DA Financial has provided benefits, financial planning and insurance services for 50 years. …

Irene Raises Hurricane Deductible Questions in Hard-Hit Northeast States

New York and New Jersey regulators said recently that hurricane deductibles should not apply on homeowners’ insurance policies for Irene damages in their states. That’s because Irene was downgraded and designated as a tropical storm, not a hurricane, when it …

IIABNY, CIBGNY File Appeal of Producer Compensation Disclosure Regulation

The Independent Insurance Agents & Brokers of New York and the Council of Insurance Brokers of Greater New York have filed a formal appeal of a trial court ruling that upheld a controversial state regulation. Attorneys from the law firm …

Neighbors Help Neighbors in Flood-scoured New York Town

Friends, family, and total strangers are grabbing shovels, mops and buckets to help shopkeepers clear debris left by flooding and salvage whatever they can in mountain villages ravaged by Irene’s deluge in upstate New York. In the Catskill Mountain ski …

Irene Blamed for 38 Deaths; $20 Billion Economic Loss; Worst Flooding in Decades

New Jersey and Vermont struggled with their worst flooding in decades Monday, a day after Hurricane Irene slammed an already soaked U.S. Northeast with torrential rain, dragging away homes and submerging neighborhoods underwater. The massive storm churned up the U.S. …