New York News

Long Island Agent Accused of Stealing Premiums

A Long Island insurance agent is being accused of stealing almost $8,000 in premiums. Police say complaints by several clients led to the arrest of Robert P. Manigaulte, of Medford, for collecting homeowners’ insurance premiums but never sending the money …

Confie Seguros Acquires NII

Confie Seguros has acquired NII Brokerage, an agency with 26 offices concentrated in Upstate New York. Confie Seguros is a private equity-backed firm that is building a nationwide brokerage business focusing on Hispanic insurance buyers. The firm said NII’s significant …

Toyota Wins New York Case over Unintended Acceleration

A federal jury found that Toyota Motor Corp. isn’t responsible for a 2005 crash that the driver blamed on the floor mat or the electronic throttle, in the first case to go to trial since automaker recalled millions of its …

New York City Landlords Facing Harsher Bedbug Penalties

Despite the itchy rise to prominence of bedbugs around New York City, officials have long been limited in what they could do to get negligent landlords to address the spread of the minuscule critters. On Tuesday, city officials announced a …

Murder Is an Accident? To Insured It Is, New York’s Highest Court Says

New York’s top court says the estate of a man run down by a homicidal driver is entitled to make insurance claims for injuries caused by an accident. The Court of Appeals says that even though Ronald Popadich pleaded guilty …

New York Sting Nets 13 Arrests for Workers’ Comp Fraud

New York police arrested 13 people in a series of investigations targeting workers’ compensation fraud around the Empire State. In several cases, the arrests targeted individuals accused of improperly collecting benefits while working side jobs. One of the investigations resulted …

Simanoff Joins Morstan General Agency

Richard Simanoff has joined Manhasset, New York-based Morstan General Agency as senior broker. In his new role, Simanoff will expand brokerage business, assist in the building of a large lines division, help to open new brokerage markets and solicit brokerage …

New York Dilutes Plan to Merge Banking and Insurance Departments

The merger of New York state’s banking and insurance departments might not create the powerful agency first advertised, according to Governor Andrew Cuomo’s recent budget deal with legislative leaders. At first Cuomo called for a merger that included the existing …

NYC Marks 100th Anniversary of Deadly Factory Fire

Hundreds of people gathered Friday in Manhattan’s Greenwich Village neighborhood to mark the 100th anniversary of the Triangle Shirtwaist factory fire that killed 146 people and helped galvanize the U.S. labor movement. Many said they had come to honor the …

New York Ex-Lawmaker Gets Prison in Insurance Fraud Case

A former New York lawmaker will spend at least four years in prison following his conviction in a Hamptons insurance fraud case. George Guldi was sentenced in Suffolk County Court in Riverhead to three to nine years for grand larceny …