New York News

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, …

Delays in Power Restoration After Storm Anger N.Y., N.J. Residents

Utility companies in New York and New Jersey closed in on restoring power this past Sunday to the last of the 8.5 million customers who lost it during the superstorm two weeks ago and a subsequent nor’easter storm, but tens …

Gov. Cuomo: Superstorm Sandy Could Cost New York State $33 Billion

Damage and economic losses from Superstorm Sandy will cost New York state $33 billion, Gov. Andrew Cuomo said last Thursday, and come just as state government runs up a deficit. Cuomo called the estimate “a lot of money, even for …

NYS Workers’ Comp Board: E-Claims Reporting on Schedule for 2013

The New York State Workers’ Compensation Board announced this week the “eClaims,” the electronic reporting of workers’ injuries, is on schedule for a 2013 implementation. The Board said it released the implementation requirements, supporting documentation and schedule for eClaims — …