Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Insurers Lose Bid to Dismiss Suit Over Bear Stearns Financial Crisis Settlement Costs
Jul 14 2016 // A decade ago, Bear Stearns Cos. agreed to pay $250 million to resolve regulators’ claims that it was at the center of a system that allowed clients to break mutual-fund trading rules. JPMorgan Chase & Co., which...
New York Homebuyers Are Overpaying on Title Insurance
Jul 13 2016 // Homebuyers in New York State overpaid on the cost of their title insurance to the tune of $155.3 million last year, according to a new report from OneTitle National Guaranty Co. Based on public records for 182,487 real...
Malleolo Joins New York’s Lawley in Westchester County Office
Jul 13 2016 // Buffalo, New York-based insurance agency Lawley has added Pat Malleolo to its employee benefits sales division in its recently relocated Purchase, N.Y. office. The hiring of Malleolo in Lawley’s Westchester County...
New York Gives Aetna-Humana Merger Green Light with Conditions
Jul 12 2016 // New York’s insurance regulator has conditionally approved Aetna Inc.’s $37 billion takeover of Humana Inc., one of the last state sign-offs needed for the deal, people familiar with the matter said. The...
People – East
Jul 11 2016 // The New York State Senate has confirmed Governor Andrew Cuomo’s pick to become the state’s top financial regulator. The confirmation vote for Maria Vullo, Cuomo’s nominee for superintendent of the New...
Oil Shipments Down Hudson River Raise Spill Concerns
Jul 11 2016 // The Hudson River may still become a major corridor for the shipment of thick, tar sands oil from Canada despite moves last year by New York officials that attempted to halt those efforts. At issue is a key air permit...
Hulk Hogan Moves to Take Down Gawker’s Liability Shield in Bankruptcy
Jul 8 2016 // Hulk Hogan, stymied by the bankruptcy filing of Gawker Media in the midst of a legal battle over a sex tape, is fighting back using the tools of Chapter 11 law. Hogan, unable to collect a $140 million jury verdict against...
Confie Acquires 2 New York Agencies: Sprague in Corning; Mason in Hancock
Jul 7 2016 // National insurance distribution firm Confie has acquired two insurance brokerages in New York State – Lloyd D. Sprague & Son Inc. and J.N. Mason Agency Inc. Confie, a portfolio company of ABRY Partner, has completed...
New York Agrees to ‘Principle-Based’ Reserving Rule for Life Insurers
Jul 7 2016 // New York state’s top financial regulator, Maria Vullo, agreed to adopt new industry-supported reserve requirements for life insurers, departing from a predecessor who derided the shift as ” unwise.” The...
AIG’s Zigerlig Joins Hub Northeast’s Fine Arts Division in New York
Jul 6 2016 // Katja Zigerlig has joined Hub Northeast as senior vice president, Fine Arts and Special Risks Group, responsible for developing business with collectors, museums, dealers and estates. Zigerlig will be based in the New York...
New York’s High Court Rules on Joint Duty to Warn of Asbestos Danger
Jun 30 2016 // New York’s highest court has upheld court judgments against a steam valve manufacturer, citing its failure to warn of the dangers of using its valves with gaskets and packing that contain asbestos. The Court of...
New York Area Car Wash Workers Awarded Back Pay
Jun 24 2016 // Eighteen immigrant car wash employees in New York and New Jersey received more than $91,000 each as part of a federal court settlement for unpaid wages, making it the biggest per-worker recovery in the car wash industry,...
Environmentalists Warn of Spill Risk from Increasing Oil Shipments on Hudson River
Jun 21 2016 // The Hudson River may still become a major corridor for the shipment of thick, tar sands oil from Canada despite moves last year by New York officials that many thought stopped those efforts. At issue is a key air permit...
People – East
Jun 20 2016 // Erie Indemnity, the managing company for Erie Insurance, has named Timothy G. NeCastro as Erie Insurance’s president and CEO-designate effective June 1. NeCastro is a 20-year veteran of the company. He will succeed...
New York DFS Signals Business-Friendly Approach
Jun 20 2016 // New York Gov. Andrew Cuomo’s pick to serve as the state’s top financial regulator on June 8 signaled she would take a more business-friendly approach than her predecessor, who was known for his pursuit of big...
AmTrust Acquires Total Program Management in New York
Jun 17 2016 // AmTrust Financial Services Inc. announced that it has acquired Total Program Management LLC in Ronkonkoma, New York, for cash. Terms of the transaction were not disclosed. Founded in 2005, Total Program Management is a...
New York Confirms Vullo as State’s Top Financial Regulator
Jun 16 2016 // The New York State on Wednesday confirmed Governor Andrew Cuomo’s pick to become the state’s top financial regulator. The confirmation vote for Maria Vullo, Cuomo’s nominee for superintendent of the New...
Citigroup Sues AT&T, Says It Owns Trademark to ‘Thank You’
Jun 16 2016 // Citigroup Inc. sued AT&T Inc. on Friday, saying the phone company’s use of “thanks” and “AT&T thanks” in a new customer loyalty program infringed its trademark rights to the phrase...
Ironshore Names Aggarwal, 4 Others from Allied World to Global M&A Insurance Team for Americas
Jun 14 2016 // Ironshore International has announced its global Mergers & Acquisitions unit will establish an office for transactions in the North and Latin American regions. The Americas team will be led by Navine K. Aggarwal,...
N.Y. Gov. Cuomo Calls to Expand Help for Heroin Addiction
Jun 13 2016 // Limited opioid prescriptions, greater funding for addiction treatment and more support for people trying to stay clean: those are some of the proposals for attacking New York’s heroin and opioid problem released by...
