New York News

N.Y. Sen. Schumer: Officials in Intense Lobbying Effort for Federal Sandy Aid

New York Sen. Charles Schumer says New York expects to get tens of billions of dollars in federal money to cover damages from Superstorm Sandy.However, the Democrat told a news conference Sunday that it’s not a done deal.

N.Y. High Court Says Affair Is Medical Malpractice

New York’s highest court says it was medical malpractice for a Long Island family doctor to have an affair with a married patient he treated for anxiety and depression but also ruled she shares fault since they both sought repeated …

New York Gov. Cuomo Orders Insurers to Speed Up Sandy Claims

New York Governor Andrew Cuomo on Thursday imposed emergency regulations on insurers to speed the processing of claims from hundreds of thousands of state residents whose properties were damaged or destroyed when Superstorm Sandy struck a month ago.Among the measures …

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. …