New York News

Brown & Brown Acquires Ladd’s Agency

Insurance broker Brown & Brown has acquired the assets of Ladd’s Agency, an Upstate New York-based insurance agency owned by Alliance Financial Corp. Ladd’s, with annual revenue of roughly $1.4 million, has been providing insurance products and services in the …

Insurance, Sports Pros Gather at Tri-State Charitable Foundation Dinner

More than 800 insurance professionals from the tri-state area and two All-Star athletes channeled their competitive energies last night to raise $1.1 million for charities. The New York division of the Insurance Industry Charitable Foundation (IICF), which works to combine …

Thomas, Wilson Named Senior VPs at Great American Insurance

Cincinnati, Ohio-based Great American Insurance Group’s Property and Inland Marine Division has promoted two insurance executives: Grace Thomas and Cecil Wilson. Thomas was promoted to divisional senior vice president, with responsibility for the Northeast area of the United States with …

Mercury Insurance Cuts Calif. Auto Rates About 10%

Mercury Insurance announced a $72-million rate reduction for California drivers that includes a rate decrease that could reach up to 10% or more, a new group affiliation discount for university alumni, and the inclusion of 24-hour roadside assistance for auto …

New York Prosecutor Faces $75M Defamation Suit

An upstate New York prosecutor who charged a Florida pharmacy in 2007 with selling anabolic steroids to pro athletes and entertainers is being sued for $75 million by the pharmacists, who claim defamation and false arrest with their indictments now …

Mavraganis to Head Marsh’s Renewable Energy Business

Insurance broker Marsh appointed Peter Mavraganis as U.S. leader of its renewable energy practice. Mavraganis, based in New York, will oversee Marsh’s support for its clients in renewable energy development, including solar, wind, biomass, and biofuel energy projects. He has …

Risk Strategies Completes Merger Of Cohn-Reid-O’Neill Insurance Services

Risk Strategies Co. (RSC), a national insurance brokerage and risk management firm based in Boston, has completed the merger of Cohn-Reid-O’Neill Insurance Services Inc. (CRO) in Burlingame, Calif., with its West Coast operations. Focused on providing insurance brokerage and employee …

Ex-Superintendent Dinallo Joins New York Law Firm

Eric Dinallo, former superintendent of the New York Insurance Department, is joining the law firm Debevoise & Plimpton as a partner. Dinallo, who lost the state democratic primary nomination for attorney general earlier this year, will represent clients throughout the …

Continental, Mechanic Found Guilty in Concorde Crash Trial

A French court on Monday found Continental Airlines and a mechanic at the airline guilty of involuntary manslaughter for their role in the 2000 Concorde crash that spelled the end of the supersonic airliner. The airline, now United Continental Holdings …

Insurance Outsourcing Need Not Be a Foreign Concept

As more and more experienced insurance agency and carrier employees discover their retirement income isn’t what they thought it would be, many are happy to find work they can do from home to supplement their incomes. That’s where Sharon Emek …