New York News

Irene Floods Northeast; Manhattan Spared Worst

Hurricane Irene swept through Manhattan Sunday but reserved the worst of its fury for towns and suburbs up and down the northeastern United States, where driving rain and flood tides inundated homes and cut power to millions. On its march …

Costco ‘Slurpee Slip and Fall’ Suit Stays in New York

A 74-year-old woman who said she was injured after falling in a Costco store in Florida beat back the retailer’s effort to move the case to that state because it was too much trouble to defend itself in New York. …

Northeast Likely to Suffer Significant Damage from Irene

Hurricane Irene is likely to cause more insured losses in the Bahamas than 1999’s devastating Hurricane Floyd, catastrophe modeler AIR Worldwide said Thursday, even as the storm increasingly tracks toward a weekend landfall in the greater New York City area. …

Threat of Irene Exposes New York’s Vulnerability

In the annals of natural disasters, it doesn’t get much worse than a major hurricane directly striking New York City and Long Island. Hurricane Irene is on a course that will take it up the East Coast from the weekend. …

Earthquake Tested Safety of East Coast’s Nuclear Plants

The largest earthquake to hit the East Coast of the United States in 67 years raised concerns on Tuesday about the safety of the country’s nuclear power plants. The 5.8 magnitude quake’s epicenter was just a few miles from the …

IIABNY Issues Timely Warning on Earthquake Insurance Coverage

The Independent Insurance Agents & Brokers of New York has issued a timely warning in the wake of the earthquake that struck the east coast yesterday afternoon, which affected many New York residents. The IIABNY reminded consumers that their homeowners …

NY’s Senator Schumer Calls for End to ‘Job-killing’ Insurance Fee

Sen. Charles Schumer is calling for an end to a new government surcharge that amounts to roughly $20 per worker for New York businesses. The Rochester Democrat and Chronicle reported that Schumer called the surcharge an example of “job-killing taxes.” …

Field to Head Sales for Swett & Crawford’s New York City Office

Harold Field has been given leadership and profit center responsibility of the New York City office for wholesale broker Swett & Crawford. In addition to his new sales leadership responsibility, Field will continue to serve as a broker in the …

2000 Honda Civic Most Frequently Stolen Car in New York State

The New York Insurance Association has noted that the 2000 Honda Civic is again the most frequently stolen vehicle in New York State. The Hot Wheels 2011 study released by the National Insurance Crime Bureau (NICB) examines data reported to …

Lloyd’s Receives Approval for Reduced Collateral from New York

Lloyd’s announced that it has received approval from the New York Insurance Department to post reduced collateral on reinsurance contracts. Lloyd’s said it has been approved as a “Secure-3 reinsurer, meaning its collateral requirements will be reduced from 100 percent …