Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
JetBlue: No Way to Prevent Pilot’s Meltdown
May 25 2015 // JetBlue Airways Corp. believes it had no way to know it should have grounded a former pilot before his midair meltdown forced an emergency landing, and that his $14.9 million damages lawsuit should be...
Willis Construction Adds Russo in New York, Johnson in Chicago
May 22 2015 // Willis North America announced two appointments to its Construction Practice. Joseph Russo has been appointed East Region Broking Leader for the National Construction team based in New York. In this newly created role,...
Lawsky to Step Down as New York’s Top Financial Regulator Next Month
May 20 2015 // Benjamin Lawsky will step down next month as New York’s top bank regulator after four years, during which he threatened to take away the U.S. charters of some of the world’s biggest banks and collected billions...
N.Y. Says 11 Lenders Will Monitor, Maintain Vacant Properties
May 20 2015 // New York regulators said Monday that 11 lenders have agreed to monitor and maintain vacant properties in an effort to protect them and combat neighborhood blight. The banks, mortgage companies and credit unions represent...
Amtrak Sued by Train Crash Victims Over Deadly Derailment
May 19 2015 // Six passengers on an Amtrak train that derailed May 12 in Philadelphia, killing eight and injuring more than 200, sued the railroad claiming the accident could have been avoided. The first of the lawsuits listed injuries...
Amtrak Will Resume Northeast Runs Monday as FBI Examines Engine
May 18 2015 // Amtrak will resume passenger service in the Northeast corridor on Monday, a day earlier than planned, after replacing track near Philadelphia damaged in a fatal derailment last week. The first trains will leave New...
Sony, Zurich Settle PlayStation Data Breach Case
May 18 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...
Senators Convene Sandy Task Force; FEMA Vows Change
May 18 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...
N.Y. Enacts New Rules to Rein In Title Insurance Industry
May 18 2015 // New York announced new regulations on title insurers on April 29 that officials say will prevent homebuyers from being charged for inappropriate fees. The proposed rules come after a state investigation found that some...
Confie Seguros Acquires 3 Brokerages in Buffalo, New York
May 15 2015 // Confie Seguros, a national provider of personal lines insurance based in Huntington Beach, California, announced that it has acquired three new insurance brokerages in Buffalo, New York. Confie acquired three agencies in...
Amtrak Train Crash Victims Face $200M Injuries Cap Under Federal Law
May 15 2015 // There are many questions surrounding Tuesday’s Amtrak crash. The amount of money victims could receive for injuries isn’t one of them as federal law caps total rail-accident damages at $200 million. Congress...
N.Y. DMV’s New Rule Allows Proof of Auto Insurance in Electronic Format
May 14 2015 // The New York State Department of Motor Vehicles recently implemented a new regulation that allows motorists to show proof of auto insurance in either the paper or electronic format. The regulation went into effect on April...
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...
