New York Gov. Andrew Cuomo, following a recent rash of tour bus crashes, said he will suspend the operating licenses of eight charter and tour bus companies and their 100 buses after repeated failures in safety inspections. “The frequent and …
A rigger who worked on a massive construction crane that collapsed and killed seven people in New York City has been stripped of his licenses after an administrative judge said his sloppy work was to blame for the collapse, despite …
The New York man who was bitten by a police dog will receive $90,000 from the city of Mount Vernon. Carlos Garcia filed a civil rights lawsuit against the city in 2008. According to court papers, police were searching for …
New York regulators have approved an average 9.1 percent hike in loss costs used by insurers, which is less than the 10.4 percent increase sought by the industry. The New York State Insurance Department approved the increase to be effective …
Wholesale broker Swett & Crawford has added Ricky Dawson to its casualty staff in New York. Dawson, who has a background in both insurance wholesale brokerage and underwriting, was previously a wholesale broker with Combined Marketing Services Inc., where he …
The Independent Insurance Agents and Brokers of New York (IIABNY) said agents in the state fare better than peers in other states when it comes to keeping a share of the P&C market, according to a study. IIABNY analyzed 2009 …
M&M Insurance Services of Marine Park, N.Y., has joined the ISU Network. ISU M&M Insurance Services will continue to represent real estate clients, but has branched out to include hedge funds and high net worth individuals. Agency Principal Marc Rovner …
Alterra Capital Holdings Limited announced that the State of New York Insurance Department has approved Alterra Bermuda Limited “as an eligible reinsurer for reduced collateral status, which allows lower collateral requirements for non-domestic reinsurers that are highly rated and financially …
National Financial Partners Corp. (NFP) has acquired Lapre Scali & Co. Insurance Services for an undisclosed sum. New York-based NFP provides benefits, insurance and wealth management services. Lapre Scali, headquartered in Scottsdale, Arizona, is a national P&C brokerage with annualized …
New York insurers and insurance agents are applauding lawmakers for giving final approval to a bill that eases regulations on commercial insurance products and rates. The bill exempts insurance policies written for large commercial businesses from most rate and form …
