CLAIM INFORMATION
After Hours Emergency
Phone Number
Property Claims ONLY
1-866-290-6833
Property Claims (All States)
eMail Property Claims
How to Report a Claim [more]
GNY IN THE NEWS
Chairman's message to Policyholders. [more]
Warren Heck, Elizabeth Heck and Gerard Regusa speak at IBANY CEO Forum. [more]
Elizabeth Heck participated as a panelist at PIANY/NIA CEO Conference. [more]
Warren Heck honored by IFNY with Free Enterprise Award. [more]
New program for self-storage. [more]
A.M. Best once again rates GNY Insurance A+. [more]
GNY success stories. [more]
|
The strength to make long-term financial commitments. The integrity to honor them without fail. Those are the enduring hallmarks of GNY's long history of prudent growth.
Rollover the key milestone dates below for highlights from the past century.
- Company History
- GNY Companies
- Financial Strength
- Working with GNY
|
|
Over the past century, GNY has grown to become one of the nation's pre-eminent specialists in providing business insurance for the commercial real estate, habitational and hospitality industries. Simply roll over the dates at the left for highlights from our history.
One hundred and fifty owners of tenement houses on the East Side of New York City form a trade association called the Greater New York Taxpayers Association to safeguard their interests. The association deals with many issues, including the reluctance and inability of the insurers of the time to provide liability insurance for the properties of its members.
The Greater New York Taxpayers Association seeks assistance from the Superintendent of Insurance of the State. Receives none.
The Association forms a Protective and Defense Committee to defend claims or lawsuits filed against any of its registered buildings for the relatively small fee of $10. A few months later, we register the first building—and issue our first insurance policy under Greater New York Mutual Insurance Company, formerly the Protective and Defense Committee.
GNY serves Big Apple customers exclusively until the early 1960s, when GNY opens its first office outside of New York City in Connecticut.
Shortly after opening its first office outside of New York in Connecticut, GNY expands into economically linked New Jersey.
Following the horrific terrorist attack on New York City on September 11, 2001, GNY stood steadfastly by its customers, refusing to abandon the City or the insurance needs of GNY's many insureds.
GNY-Pennsylvania is established specifically to serve brokers in this state.
GNY opens a Massachusetts branch, which later provides sales and underwriting support to New Hampshire and Rhode Island. It also opens GNY-Upstate in Albany to address New York's needs beyond the boroughs of New York City and Westchester County.
GNY expands further into New England, opening for business in New Hampshire.
GNY transitions from a local provider into a super-regional carrier. It begins meeting with producers in the Ocean State in 2007, and writes its first policies there in 2008. It also opens GNY-Maryland and GNY-Virginia to offer the benefits of local underwriting to customers in Maryland, Virginia and Delaware. GNY also expands into the Midwest with GNY-Illinois, exceeding all expectations for its first year in business.
GNY expands its operations in the Midwest to include Ohio, Indiana and Michigan.
Today, we are premier writers of commercial lines insurance with expertise in commercial and habitational real estate. Our assets total nearly a billion dollars and we are highly rated for our financial strength.
|
Today, Greater New York Insurance Companies maintains an A+ (superior) rating from A.M. Best Company. In its most recent report dealing with the operations of the Greater New York Group (2001), A.M. Best affirmed the Group's superior rating of A+. [more]
GNY Insurance Companies comprises a group of specialists, each committed to addressing the distinctive needs of a certain segment of the industry.
Rollover the GNY company names below for a brief description of their expertise.
- Company History
- GNY Companies
- Financial Strength
- Working with GNY
|
|
GNY offers a variety of coverages through different entities. Roll over the names of our different organizations for more information.
Our founding New York insurance company, Greater New York Mutual, underwrites most classes of businesses—typically at savings over standard insurance rates.
Since the formation of Greater New York Mutual, the company has formed two additional writing companies, to provide product and flexibility to meet the challenging needs of our customer. These GNY companies are licensed to write business throughout the continental United States, except for California, Florida, Maine and Texas.
GNY's Full Service Offices are:
GNY Insurance Companies
200 Madison Avenue
New York, NY 10016
212-683-9700
Email: information@gny.com
GNY Insurance Companies
435 New Karner Road
Albany, NY 12205
518-456-4661
GNY Custom provides excess and surplus coverages for both specialized property and liability risks.
The GNY Custom property division focuses on underwriting a diverse portfolio of non-catastrophic exposed risks.
- Residential (Apartment, Condo, Co-op and
Assisted Living)
- Commercial Real Estate (Office, Shopping Centers
and Malls and Industrial Complexes)
- Hotels/Motels
- Manufacturers (Metal, Plastic, Textile,Wood
and Electronics)
- Food Processing, Retail and Wholesale
- Wholesale and Distribution
- Retail Stores
- Restaurants, Bars, Taverns and Night Clubs
- Gaming Risks (Casinos and Race Tracks)
- Bowling Centers
- Vacant Buildings
- Municipalities, School Boards and Other Public Entities
The GNY Custom casualty division writes low-to-moderate hazard products liability business. It also considers business that has historically been written by GNY admitted companies if it is characteristic of a low frequency of claims activity.
- Furniture manufacturing (wood/metal), home or
office applications (no cribs or children’s furniture)
- Plastics fabricating, laminating (except plumbing
fixtures/pipes)
- Converted paper products manufacturing (except
pulp operating mills)
- Pallet manufacturing
- Fabricated rubber products (except tires, inner tubes
or gaskets)
- Screw machine products
- Tool and die (metalworking, stamping)
- Sign manufacturing
- Distributors, wholesale trade, non-durable/durable
goods of above classes
- Vacant buildings
Brite Insurance Agency is a wholly owned subsidiary of GNY Insurance Companies. It specializes in writing an array of sophisticated coverages that go beyond the specialization of GNY, by providing our producers and customers with product that is not readily available in the marketplace at competitive rates, including:
- Umbrella Insurance (from $1 million to $100 million policies)
- Directors and Officers Liability Insurance
- Fidelity Bond Coverage
If you’d like more information about the services of our internal agency, please contact us to speak to one of our Brite Insurance Agency specialists.
|
Over the generations, GNY has underwritten prudently, staffed wisely, and expanded strategically. Because we have always been careful stewards of our insureds' premiums, we have never had to compromise the financial strength upon which they rely.
- Company History
- GNY Companies
- Financial Strength
- Working with GNY
|
|
Simply roll over the key factors at the left to learn more about A.M. Best's assessment of GNY's strength.
A.M. Best, one of the nation's most respected independent rating agencies, has awarded GNY a superior rating of A+.
A.M. Best stated that GNY's A+ rating was based on a number of key factors:
– the Group's strong overall earnings;
– its position as a leading writer of commercial package
for habitational, light industrial and office building risks in
urban areas of the Northeast;
– the Group's low underwriting leverage, conservative
investment and operating principles;
– the solid underwriting performance of its leading line
of business-commercial multiperil;
– the Group's impressive return on revenue, which
has outpaced its peers by a wide margin;
– its very conservative operating leverage and
substantial investment income;
– focus on investing in intermediate government bonds,
with an average life of about five years;
– the Group's historically higher yield on investments
than its competitors.
A.M. Best found that the Group's Best Capital Adequacy Ratio, which deals with the strength of its balance sheet, is so high that in this respect it would qualify for an A++ rating. Its continued strong capitalization compares very favorably to its commercial casualty peers.
A.M. Best has noted that the Greater New York Group maintains lower credit risk because of:
- its higher premium retention rating;
- the use of high quality reinsurers;
- its moderate exposure to a shock loss from severe weather problems;
- consistent growth in policyholder surplus.
|
Whether you entrust your own or your client’s insurance needs to any of the GNY Insurance Companies, there are certain things you can expect from that relationship.
Roll over our four principles below to learn more about what it’s like to work with GNY.
- Company History
- GNY Companies
- Financial Strength
- Working with GNY
|
|
Roll over any of the principles at the left for more details on the benefits of working with GNY.
Above all else, GNY stands for ethics and honesty. In all of our dealings with insureds, producers, employees and vendors, we say what we mean, and we do what we say.
This integrity has been shared by the four generations of leadership who have steered this organization thus far—and it will be among the most important selection criteria for the leadership to come.
At GNY, we're specialists with focus. Because we specialize in certain industries, we can marshal all our resources on serving our customers with exceptional products and service. This expertise enables us to underwrite each account, developing custom protection for our customers at a competitive price. And we have been doing this for almost 100 years.
At GNY, we do much more than write insurance.We build relationships. We take a personal interest in the producers we work with as well as the customers we serve. We know that when each "wins," we all win.
Over our first century, GNY has focused on serving businesses in the greater New York area. But in the last decade, we've become one of the largest super-regional insurers in the country, as we've brought our financially stable market focus and industry-specialized coverages to the Northeast, Southeast and Midwest. We intend to strategically evolve our coverages for related industries and expand our reach into new territories.
|
|
