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New York News and Information

Bruce D. Thomas Begins Term as 2008 - 2009 NAMIC Chairman

PHILADELPHIA (Oct. 1, 2008) – Bruce D. Thomas was elected 2008-2009 chairman of the board of the National Association of Mutual Insurance Companies (NAMIC) here today, during NAMIC’s Annual Convention. Thomas is the president/CEO of Heartland Mutual Insurance Company in Algona, Iowa, where he began working as a claims adjuster in 1980. (Posted: 10/1/2008)


NAIC Condemns Wall Street Journal Editorial on Origin of AIG Problems, Linkage to State Insurance Regulation

New York Insurance Superintendent Eric Dinallo told a huge audience during the fall NAIC meeting that there was “no consideration at any time of compromising policyholder interests” in the deal to maintain viability of AIG. (Posted: 9/30/2008)

Former House Speaker, NY Insurance Chief Highlight NAMIC Convention

The New York insurance regulator who played a critical role in negotiations to salvage AIG will deliver one of three keynotes speeches at the Annual Convention of the National Association of Mutual Insurance Companies (NAMIC). (Posted: 9/28/2008)

MEDIA ADVISORY: Eric Dinallo to Speak at NAMIC Convention

In his first major address to an insurance industry audience since the AIG financial crisis, New York’s chief insurance regulator will speak to attendees gathered for the annual meeting of property/casualty insurers. (Posted: 9/26/2008)

New Study Suggests Putting Off Driver Licensure to Save Lives

Most U.S. states allow driving at age 16, 16-and-a-half, or somewhere in between. A new Insurance Institute for Highway Safety report focuses on the costs in terms of lives of allowing licensure sooner rather than later. (Posted: 9/9/2008)


New York: Department Directs Insurers to Account for Reduced Driving Due to Gas Prices

The New York Insurance Department has issued a circular letter directing auto insurers to account for reduced driving attributable to higher gas prices when they file for rate adjustments. (Posted: 8/12/2008)


New York: NAMIC Urges Department, Attorney General Not to Impair Appropriate Compensation Methods

Policymakers examining the subject of producer compensation should be cognizant of the distinction between agents and brokers as well as the appropriate role of contingent commissions in the insurance marketplace, NAMIC advised the state Insurance Department and Office of the Attorney General. (Posted: 8/12/2008)

NAMIC Urges New York Officials Not to Impair Appropriate Agent Compensation Methods

INDIANAPOLIS (Aug. 11, 2008) – Policymakers considering changes to insurance producer compensation rules and laws should be cognizant of the distinction between agents and brokers, as well as the appropriate role of contingent commissions in the insurance marketplace, the National Association of Mutual Insurance Companies (NAMIC) advised New York authorities. (Posted: 8/11/2008)

Two State Senators Win NAMIC Legislator of the Year Award

INDIANAPOLIS (August 1, 2008) – State Sen. Ruth Teichman of Kansas and State Sen. Jim Seward of New York have been named State Legislators of the Year by the National Association of Mutual Insurance Companies (NAMIC). (Posted: 8/1/2008)


New York: Governor Signs Late Notice Bill

Gov. David Paterson signed legislation July 23 requiring insurers to show prejudice in order to deny a claim for late notice. (Posted: 7/29/2008)


New York: NAMIC Participates in Modernization Commission Sessions (7/1/2008)

Insurance Department to Hold Hearings on Compensation for Agents and Brokers Jointly with Attorney General (7/1/2008)


New York: High Court Disagrees with Insurers and Department, Says Underwriting Data Must Be Disclosed (7/1/2008)

New York Flex-rating Insurance Legislation Demonstrates Significant Momentum of State Rate Modernization, NAMIC Says (6/25/2008)


New York: Agreement Reached on 5 Percent Flex Rating for Auto, Coastal Measures for Property (6/24/2008)

NAMIC: New York Flex-rating Legislation is ‘Significant Progress’ (6/20/2008)


New York: Flex Rating a Live Issue as End of Session Nears (6/17/2008)


New York: Dinallo Restates Regulation Goals, Acknowledges Shortcomings (6/3/2008)

Report: 33 Million Licensed Americans May be Unfit for Roads (5/28/2008)


New York: NAMIC Participates in Commission Session on Rate Regulation (5/20/2008)


New York: Assembly Insurance Committee Chairman Holds Discussions on Coastal Issues (5/13/2008)


New York: NAMIC Files Amicus Brief in Case Involving Disclosure of Insurers’ Submitted Underwriting Data (4/29/2008)


NAMIC: Cherry Blossoms and CCP Open Together (4/15/2008)


New York: Senate Approves Bill Making Insurance ID Forgery a Felony (4/1/2008)


New York: Dinallo Not Resigning in Wake of Spitzer Departure (3/18/2008)

2008 State-by-state Rankings Released of the Best and Worst Tort Systems in America (3/12/2008)


New York: Assembly Insurance Committee to Hold Hearing on Bond Insurance (3/11/2008)


New York: Governor Signs Bill Requiring Annual Notice Regarding Flood Coverage (3/11/2008)


New York: Court of Appeals Allows Consequential Damages in Bad Faith Case (2/26/2008)

Report: States Better Prepared for Emergencies (2/21/2008)

Report: Most States Earn Average Grades in Highway Safety (2/20/2008)


New York: Assembly, Senate Approve Bill Requiring Annual Notice Regarding Lack of Flood Coverage (2/12/2008)


New York: Financial Services Modernization Panel Seeking Insurer Input (2/5/2008)


New York: Bill Proposed by Gov. Spitzer to Boost Upstate Economy, Including Agriculture (1/25/2008)

2007 SUMMARY OF NEW STATE LAWS – NEW YORK (1/24/2008)

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