Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
NTSB: Amtrak Train Was Going Double the Speed Limit Before Crash
May 14 2015 // The New York-bound Amtrak train that derailed in Philadelphia, killing seven and injuring more than 200, was traveling 106 miles per hour just before the accident, more than double the speed limit, according to U.S....
AIG Names Schreiber Chief Strategy Officer, Eyes M&A Deals
May 13 2015 // American International Group Inc. named dealmaker Brian Schreiber chief strategy officer as the insurer shifts to expanding through acquisitions after years of contracting through asset sales to repay a U.S....
6 Killed, Scores Injured as Amtrak Train Derails in Philadelphia
May 13 2015 // Investigators are trying to find out what caused a New York-bound Amtrak train to derail in Philadelphia, killing six, injuring scores and closing part of the busiest passenger rail corridor in the U.S. Northeast Regional...
Sen. Schumer Warns N.Y. Homeowners About Flood Insurance Surcharge
May 12 2015 // U.S. Sen. Charles Schumer, D-N.Y., is urging the Federal Emergency Management Agency (FEMA) to make major changes to what he described as a new, unfair flood insurance rule that has led to the “misapplication of an...
China’s Fosun Plans to Raise $1 Billion to Fund Insurance Industry Acquisitions
May 11 2015 // Fosun International Ltd., the Chinese conglomerate that’s been buying insurers and property overseas, plans to raise $1 billion partly to fund acquisitions in the insurance industry. The company will sell the shares...
NYDFS Grants Charter to New York Virtual Currency Company
May 7 2015 // New York State Department of Financial Services (NYDFS) announced Thursday that it has granted a charter under the New York Banking Law to itBit Trust Company, LLC – a commercial Bitcoin exchange. ItBit, which is based...
N.Y. Court Revives Bond Insurer’s $120M Lawsuit Against Goldman Sachs
May 7 2015 // New York’s top state court on Thursday revived a bond insurer’s $120 million lawsuit claiming Goldman Sachs Group Inc lied about a pool of securities backed by subprime mortgages during the period leading up...
N.Y.’s Associated Mutual Announces Appointments to Senior Management
May 7 2015 // Associated Mutual Insurance Cooperative, a multi-line regional property/casualty insurer based in Woodridge, New York, appointed Robert Wong as president and Claudia Dietz as vice president of finance and vice president of...
Integro Acquires Energy Insurance Brokers in New York
May 7 2015 // Integro Ltd., an insurance brokerage and risk management firm based in New York City, announced an addition to its Trade & Logistics practice with the acquisition of Energy Insurance Brokers (EIB) in East Greenbush,...
IIABNY: Study Shows N.Y. Insurance Agents Are Growing
May 6 2015 // With deep roots in their communities, New York independent insurance agencies are healthy and growing, Independent Insurance Agents & Brokers of New York Inc. (IIABNY ) said. IIABNY said a recent analysis of New York...
FEMA Chief on Sandy Flood Insurance Claims: ‘We Want to Fix This’
May 4 2015 // The head of the Federal Emergency Management Agency says he wants to fix what went wrong with the process of paying flood insurance claims following Superstorm Sandy. Craig Fugate told the first meeting of a congressional...
Updated: China’s Fosun to Buy Remaining Shares in Ironshore for $1.84B
May 4 2015 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is planning a $1.84 billion merger with Ironshore Inc. after buying the shares it doesn’t already own in the...
Sony, Zurich Reach Settlement in PlayStation Data Breach Case in New York
May 1 2015 // Sony Corp. of America and Zurich American Insurance Co. have reached a settlement in a commercial general liability (CGL) policy coverage case stemming from the April 2011 hacking of Sony’s PlayStation online...
Illinois’ Madison County a Center for Asbestos Lawsuits
Apr 30 2015 // Few of the tourists who drive old Route 66 through this rural Illinois town are aware of its true economic engine: a booming business in asbestos lawsuits that attracts law firms from across the country. Since 2005, those...
Con Ed, NYC Face New Lawsuit Over 2014 Harlem Gas Explosion
Apr 30 2015 // Consolidated Edison Inc and New York City have been hit with a new lawsuit alleging that their carelessness contributed to a 2014 gas explosion in Manhattan’s East Harlem neighborhood that killed eight people and...
Fosun to Co-Develop New York Apartment Project in U.S. Expansion
Apr 30 2015 // Fosun Group will co-develop a luxury residential tower in New York, underscoring the Chinese company’s growing appetite for U.S. property holdings after its One Chase Manhattan Plaza purchase in 2013. Fosun will...
N.Y.’s New Regulations Aim to Reduce Title Insurance Costs
Apr 29 2015 // New York Gov. Andrew Cuomo announced new regulations Wednesday that would crack down on what officials describe as kickbacks and other improper expenditures in the state’s title insurance industry. These improper...
Hurricane Sandy Judges Demand Clearing of Settlement Roadblocks
Apr 28 2015 // Federal officials and flood insurance companies were chastised by a panel of New York judges for imposing delays on settlements with hundreds of Hurricane Sandy victims who alleged their claims were wrongfully denied or...
N.Y. to Get Nearly $1B Federal Loan to Make Commuter Rail Safer
Apr 27 2015 // The Metropolitan Transportation Authority, the nation’s largest commuter rail network, is on track to receive a nearly $1 billion federal loan for safety improvements meant to avoid a repeat of a 2013 derailment that...
N.Y. Sen. Schumer: Ease Dairy Insurance Rules Amid Drop in Milk Prices
Apr 24 2015 // U.S. Sen. Charles Schumer, D-N.Y., says dairy farmers in New York state and across the country need help contending with falling milk prices. The Democrat says Wednesday that he wants the U.S. Department of Agriculture to...
