Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
People – East
Apr 6 2015 // Connecticut Governor Dannel P. Malloy has appointed Katharine L. Wade as new commissioner of the Connecticut Insurance Department. Wade succeeds Thomas B. Leonardi who stepped down from the post in December to join New...
NOAA: Western N.Y., New England at Elevated Risk of Moderate Flooding
Apr 6 2015 // According to National Oceanic and Atmospheric Administration’s (NOAA) Spring Outlook forecast issued on March 19, rivers in western New York and eastern New England have the greatest risk of moderate spring flooding...
NYC Comptroller Finds $6.8M Misspent for Superstorm Sandy Relief
Apr 2 2015 // New York misspent $6.8 million after Hurricane Sandy in payments to independent consultants for flawed and incomplete work that delayed help to at least 20,000 people with damaged homes, city Comptroller Scott Stringer...
Taxi Group’s New Lawsuit Targets New York’s Uber Policy
Apr 1 2015 // A group of taxi companies sued New York claiming the city is wrongfully allowing Uber Technologies Inc. customers to hail rides with an app. Current law permits only yellow taxis with valid medallions to accept hails,...
NYC Blast Probe Highlights Problem of Stealing Gas
Apr 1 2015 // It was a run-of-the-mill complaint — a smell of gas — with a troubling explanation: Someone had improperly tapped into a Manhattan building’s gas line, and it was leaking. The issue was quickly resolved....
BNC Insurance Agency Acquires Milbrandt & Co. in New York
Mar 31 2015 // BNC Insurance Agency Inc., an independent agency based in Rye Brook, New York, announced that it has acquired Milbrandt & Co. Inc., an independent agency based in New Rochelle, New York, with a satellite office in...
Ex-Pilot’s Suit Says JetBlue Should Have Known He Was Unfit to Fly
Mar 29 2015 // A former JetBlue Airways Corp. pilot whose midair meltdown forced an emergency landing of a 2012 flight on Friday sued the carrier for $14.9 million, saying it should have grounded him because it knew he was incapable of...
ACA Financial Asks N.Y.’s Top Court to Revive Goldman Suit Over Abacus
Mar 27 2015 // ACA Financial Guaranty Corp. urged New York’s top court to reinstate a suit accusing Goldman Sachs Group Inc. of conspiring to force it to insure an investment that led to a $550 million settlement with...
Bankruptcy Judge May Lift Shield for GM Over Ignition Switch Claims
Mar 27 2015 // A bankruptcy judge told General Motors Co. six years ago it didn’t have to worry about lawsuits over cars made before its $49.5 billion government bailout. Last month, the same judge said he wasn’t so sure...
New York to Investigate Insurers’ Cybersecurity Work After Hacks
Mar 27 2015 // Insurers doing business in New York State must tell a regulator there about efforts to prevent computer hacking, detailing the precautions taken and the personnel devoted to the task. Benjamin Lawsky, superintendent of the...
New York’s Schumer Requests Safety Probe of Imported Flooring
Mar 24 2015 // U.S. Sen. Charles Schumer (D-New York) is asking the Consumer Product Safety Commission to investigate the safety of Chinese-imported wood laminate flooring from Lumber Liquidators in Toano, Virginia, and initiate recalls...
Magna Carta Hires Leong as Chief Claims Officer in New York
Mar 23 2015 // Magna Carta Companies has hired Kevin W. Leong as vice president and chief claims officer. In his new role, Leong will lead Magna Carta’s national claims division. He is based in Magna Carta’s New York...
Brown & Brown Acquires Assets of Spain Agency in New York
Mar 23 2015 // Brown & Brown Inc. announced today that its subsidiary Brown & Brown of New York Inc. has acquired certain assets of Spain Agency Inc., an independent agency based in Mahopac, New York. Terms of the transaction...
Business Moves
Mar 23 2015 // Integro, Design Insurance Agency Insurance brokerage and risk management firm Integro has acquired Design Insurance Agency Inc., a specialist brokerage providing professional liability coverage and risk management services...
Viacom to Pay $7.2M to End Internship Lawsuit
Mar 23 2015 // Viacom Inc. agreed to pay $7.21 million to settle a class-action lawsuit by thousands of former interns who said the owner of Comedy Central, MTV and Nickelodeon did not pay them, despite their having done work similar to...
N.Y. Assemblyman Proposes State-Run Flood Insurance
Mar 23 2015 // A New York State assemblyman is proposing a bill to create a state-run flood insurance program designed to serve New York homeowners in flood-prone communities. Assemblyman Phillip Goldfeder (D-Queens) announced the plan...
Court OKs AIG $970M Pact with Investors Over Subprime Mortgages
Mar 22 2015 // American International Group Inc. shareholders won approval on Friday of a $970.5 million settlement resolving claims they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion...
Yellow Taxis Now Outnumbered by Uber Cars on NYC Streets
Mar 20 2015 // New York City’s storied yellow cabs are taking a back seat to black cars. Uber cars, often black sedans that can be summoned with smartphone apps, now outnumber the yellow taxis that city riders have hailed with a...
New York’s SterlingRisk Hires Krush as New CFO
Mar 20 2015 // Joanne Krush SterlingRisk, an insurance brokerage based in Woodbury, New York, has hired Joanne Krush as chief financial officer of the firm. Krush is based in SterlingRisk’s Woodbury headquarters. She succeeds Mark...
New York DFS Opens Inquiry Into Price Optimization
Mar 20 2015 // The New York Department of Financial Services (DFS) on March 18 sent out letters to hundreds of property/casualty insurers operating in the state, seeking information concerning price optimization. New York joins a growing...
