New York News

I.I.I. : 93% of New Jersey/New York Sandy Claims Settled

Insurance regulators in New Jersey and New York — the two states hardest-hit by Superstorm Sandy — report that insurers have settled 93 percent of the claims they received in the wake of Sandy, according to the Insurance Information Institute.More …

New York State Releases Plans for $1.7B in Sandy Funds

New York Gov. Andrew Cuomo announced statewide plans Tuesday to use $1.7 billion in federal storm-damage funds for home repairs, government buyouts of property in flood-prone areas, low-interest loans, flood-prevention measures, and other recovery work. Most of the money will …

Report Questions Insurer Readiness, Attitudes on Climate Change

A report out Thursday that details responses to a climate change survey from insurers doing business in California, Washington and New York shows many insurers are prepared to deal with today’s extreme weather events, but not longer-term “baseline changes” driven …

Confie Eyes More Expansion, Push Into Standard Lines

In the coming year Confie Seguros plans to up its buying spree and expand into standard personal and small commercial lines, while broadening its demographic from being primarily Hispanic focused, the president of the Buena Park, Calif.-based insurance agency said …

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 …