Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Subway Escape Alcoves Probed After Accident Killing Worker
Nov 7 2016 // A subway train struck two workers in a tunnel early Thursday, killing one and injuring the other, and investigators are looking at whether there’s enough room in the escape alcoves along the tracks. A federal...
Greenberg’s Starr Returns to Court Seeking Damages Over AIG Bailout
Nov 7 2016 // U.S. lawyers on Friday urged an appeals court to bless the federal government’s $85 billion bailout of American International Group Inc. At the same time, attorneys for Maurice “Hank” Greenberg are asking...
Goldman Sachs, Paulson Settle Fraud Claims by Bond Insurer Over Subprime CDO
Nov 6 2016 // Goldman Sachs Group Inc. has settled a 2011 lawsuit claiming the investment bank fraudulently induced a bond insurer to guarantee payments on the doomed Abacus collateralized debt obligation ahead of the financial...
New York Man Sentenced for Setting Fire to Business
Nov 4 2016 // The last of three New York men who set fire to a business belonging to one of the men’s father has been sentenced to more than three years in prison. Prosecutors say 51-year-old Christopher Gorman of Buffalo had been...
QBE North America Hires Owens in New York
Nov 3 2016 // QBE North America, the New York-headquartered division of QBE Insurance Group Limited, hired Carla Owens as senior vice president of operations for its specialty business group. Based in New York City, Owens will report to...
Alabama Pipeline Explosion Update: 1 Death Reported, Pipeline to Restart Saturday
Nov 2 2016 // This story is an update to an earlier one updating the worker injuries and one fatality. The owner of the biggest U.S. fuel pipeline said it may resume service on its gasoline line at noon local time Saturday after an...
The MEMIC Group Names Morehouse a Safety Management Consultant in New York
Nov 2 2016 // The MEMIC Group, a workers’ compensation insurer headquartered in Portland, Maine, has appointed Randy Morehouse as a safety management consultant in New York. Morehouse will join safety management consultants...
Source Says Airbnb, New York in Talks to Resolve Rental Law Lawsuit
Nov 2 2016 // Airbnb Inc and New York state are in talks to resolve a lawsuit brought by the company challenging a law it says could expose it to significant penalties for advertising short-term apartment rentals, a person familiar with...
Aon Risk Solutions Completes Acquisition of New York-Based Stroz Friedberg
Nov 2 2016 // Aon Risk Solutions, the global risk management business of Aon plc, has completed its acquisition of Stroz Friedberg Inc., a global risk management firm based in New York City. Financial terms were not disclosed. This move...
Swiss Re Breaks Ground on New York Solar Power Installation
Nov 1 2016 // Global reinsurer Swiss Re has broken ground on the largest solar power installation in Westchester County, New York. When completed in late spring 2017, the solar plant will occupy 10 acres of space in the Southeast corner...
Lemonade Appoints Latza as Chief Compliance Officer in New York
Oct 31 2016 // Lemonade, a newly licensed insurance company for homeowners and renters, appointed William D. Latza as its chief compliance officer and general counsel. Latza joins Lemonade after spending 25 years as partner at Stroock...
New York’s AmTrust Acquires AmeriHealth Casualty Insurance
Oct 31 2016 // AmTrust Financial Services Inc., a multinational insurance holding company headquartered in New York City, has entered into an agreement to acquire AmeriHealth Casualty Insurance Company from Independence Health Group Inc....
New York Man Previously Acquitted of Murder Found Guilty of Insurance Fraud
Oct 27 2016 // A Hudson Valley dentist acquitted earlier this year of fatally poisoning his ex-lover’s husband has been convicted of fraud and theft. The Daily Freeman of Kingston reports an Ulster County Court jury on Tuesday...
New York to Hold Off Enforcing Airbnb Sublet Restrictions
Oct 26 2016 // The city and state of New York said Monday they would hold off enforcing a new law restricting short-term apartment sublets against Airbnb Inc. until the company’s lawsuit over the issue is resolved. That was a...
New York’s Crystal & Company Hires Strenger
Oct 25 2016 // Crystal & Company, a New York based strategic risk and insurance advisor addressing clients’ risk management, insurance brokerage and employee benefits consulting needs, has hired Scott Strenger as an executive...
Exxon Heads for Courtroom Faceoff With New York in Climate Change Probe
Oct 25 2016 // Exxon Mobil Corp. is headed to a courtroom in New York for the first time to try to block the state’s demand for accounting documents about how climate change will affect its finances. New York Attorney General Eric...
Palmer & Cay Hires Smith, Opens New York Office
Oct 24 2016 // Palmer & Cay, an Atlanta, Georgia, based privately-held insurance broker has appointed John C. Smith as vice chairman and member of the board of directors. This follows the firm’s recent expansion into the...
IIABNY Elects Zogby as National Director
Oct 24 2016 // Independent Insurance Agents & Brokers of New York (IIABNY), a Dewitt, New York based organization representing independent insurance agents and brokers, has elected Stephen Zogby as national director. In this role,...
Airbnb’s New York Fight Moves From Legislature to Courtroom
Oct 24 2016 // Airbnb Inc. is fighting to stay alive in the biggest rental market in the U.S. Hours after New York Governor Andrew Cuomo signed a bill into law that will fine residents who rent out their apartments for illegal short-term...
Homesharing Giant Airbnb Faces Rising Legal, Regulatory Risks in Big Cities
Oct 24 2016 // Airbnb, the online lodging service that investors now believe is worth $30 billion, faces a reckoning. In eight years of torrid growth, the company has often clashed with local public officials seeking to minimize the...
