New York News

Firms Partner to Offer Entertainment Insurance in Louisiana, Gulf South

New Orleans-based Maginnis Film & Entertainment Insurance Services LLC (MFEIS) and Reiff & Associates LLC announced a strategic partnership to provide insurance to the film and entertainment industries in Louisiana and the Gulf South region. Led by President Emory Maginnis, …

Far Rockaway in NYC’s Queens Borough Copes With Sinkholes After Sandy

Residents in Far Rockaway in New York’s Queens borough are now coping with sinkholes in areas that seemed stable before Superstorm Sandy. The city’s Department of Environmental Protection has determined that the holes were caused by damage to private water …

New York, New Jersey Put $71 Billion Price Tag on Sandy

New York state and New Jersey need at least $71.3 billion to recover from the devastation wrought by Superstorm Sandy and prevent similar damage from future storms, according to their latest estimates. The total, which could grow, came as New …

New York Sues Credit Suisse Over Mortgage Securities

New York Attorney General Eric Schneiderman brought a lawsuit on Tuesday accusing Credit Suisse Group AG of deceiving investors in mortgage-backed securities. Credit Suisse, Switzerland’s second-largest bank, misrepresented the quality of loans underlying residential mortgage-backed securities it sponsored and underwrote …

AIR Worldwide Survey Team Describes Sandy Losses in N.J., N.Y.

AIR Worldwide recently concluded damage survey of areas impacted by Superstorm Sandy, which made landfall on Oct. 29, five miles southwest of Atlantic City, New Jersey. On November 11, 2012, AIR teams were deployed to survey damage in New York …

Attorneys Discuss Possible Triggers for Business Interruption Coverage

Superstorm Sandy devastated residents and businesses in the tri-state area. With a nearly unprecedented two-day closure of the New York Stock Exchange, as well as week-long closures of the metropolitan area’s mass transit system, New York’s financial services sector and …

N.Y. Workers’ Comp Board Seeks Changes to Medical Treatment Guidelines

The New York State Workers’ Compensation Board has proposed new regulations to improve the medical treatment guidelines adopted in 2010. The proposed regulations, announced last week, aim to expedite the best medical care for injured workers and reduce medical costs. …

New York Allows Out-of-State Lawyers to Help in Sandy

New York’s highest court has invoked a major disaster rule to allow lawyers from other states to practice in New York and help victims of Superstorm Sandy for free.

N.Y. Gov. Cuomo: FEMA Program Will Cover N.Y. Home Repairs

Federally-paid contractors will do basic repairs so tens of thousands of New York victims of Superstorm Sandy can stay in, or return to, their damaged homes during major work, New York Gov. Andrew Cuomo and federal officials announced Wednesday. The …

Some Sandy-Damaged Manhattan Office Buildings to Reopen Soon

Some Manhattan office buildings badly damaged by SuperStorm Sandy two weeks ago are coming back on line faster than even their owners predicted.One New York Plaza will allow the first group of its tenants to move back in next Monday, …