Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Regulator Lawsky Says Banks Need Money-Laundering Spot Checks
Feb 25 2015 // New York’s banking regulator floated a plan Wednesday to spot-check banks’ money laundering controls and hold executives accountable if they fail. Benjamin Lawsky, superintendent of New York’s Department...
Twice-Wounded Sandy Victims Seek Payout as FEMA Presses Insurers
Feb 25 2015 // Some homeowners hit by Hurricane Sandy say they’ve been victimized twice: first by the storm and later by insurers. John Clancy says his insurer, an Allstate Corp. unit, paid just $46,000 of the more than $200,000 in...
Analyst: Taxi Medallions No ‘Safe haven’ in Wake of Uber
Feb 24 2015 // Uber, the popular ride-hailing app, is hitting taxicabs where it hurts: The medallion business. Taxi companies make money by charging drivers for medallions, or licenses to drive their cabs. In a note to investors last...
Barclays Wins Reversal of Liability Ruling in $300M Black Diamond Suit
Feb 19 2015 // New York state’s top court on Thursday reversed a 2013 ruling that found Barclays Plc liable in a $300 million dispute with hedge fund Black Diamond Capital over the British bank’s refusal to pay back...
AssuredPartners Acquires Amtech Insurance Brokers in New York
Feb 19 2015 // AssuredPartners Inc. has acquired Amtech Insurance Brokers in Latham, New York. Terms of the transaction were not disclosed. Amtech has been providing commercial insurance and risk management services for businesses for...
FEMA in Talks to Settle Sandy Flood Insurance Claims
Feb 19 2015 // The Federal Emergency Management Agency is working to settle lawsuits by hundreds of Hurricane Sandy victims who challenged denials or alleged underpayments of flood insurance claims. Brad Kieserman, deputy associate...
Fatal Work Injuries in N.Y. Metro Area Declined in 2013: BLS
Feb 18 2015 // Work-related fatal injuries in the New York metropolitan area (the New York-Northern New Jersey-Long Island, N.Y.-N.J.-Pa. Metropolitan Statistical Area) totaled 152 in 2013, according to preliminary data from the U.S....
New York Attorney General Says ‘Zombie’ Home Bill Rising Again
Feb 18 2015 // New York’s attorney general says he’s submitting legislation to combat the plague of abandoned properties, revising a bill lawmakers failed to enact last year. Attorney General Eric Schneiderman would make...
Hilton Closes $1.95B Waldorf Astoria Sale to Anbang Insurance
Feb 18 2015 // Hilton Worldwide Holdings Inc. announced last week that it has closed its previously-announced sale of the Waldorf Astoria New York hotel to Beijing-based Anbang Insurance Group Co. Ltd. for $1.95 billion. As part of its...
New York MTA’s Captive Insurer to Provide Coverage in Fatal Train-SUV Crash
Feb 11 2015 // New York Metropolitan Transportation Authority’s (MTA) captive insurer and wholly owned insurance subsidiary First Mutual Transportation Assurance Company (FMTAC) will lead coverage for liability for third party...
Did Electrified Third Rail Make New York Train Wreck Deadlier?
Feb 10 2015 // It was a hellish scenario investigators had never seen before: 400 feet of electrified third rail snapped into 12 pieces and speared a commuter train during a fiery collision with an SUV. Now officials want to know whether...
Starwood Capital to Sell NYC’s Baccarat Hotel to Chinese Insurer for $230M
Feb 9 2015 // Barry Sternlicht’s Starwood Capital Group agreed to sell New York’s luxury Baccarat Hotel to an affiliate of China’s Sunshine Insurance Group. The 114-room property on Manhattan’s West 53rd Street...
N.Y. Announces New, Targeted Cybersecurity Assessments for Insurers
Feb 9 2015 // New York State Department of Financial Services (DFS) today released a report on cybersecurity in the New York insurance industry and announced a series of measures that DFS will take to help strengthen cyber hacking...
N.Y., Mass. Adopt Certificates of Insurance Law
Feb 9 2015 // New York and Massachusetts in January became the latest states to enact laws to prohibit improper use of certificates of insurance. On Jan. 28, New York Gov. Andrew Cuomo signed into law a bill (A.9590/S.6545-A) that would...
As U.S. Economy Improves, Fatalities at Railroad Crossings Rise
Feb 6 2015 // Fatalities at train crossings are starting to creep back up after years of decline, possibly due to an improving economy that has increased traffic on both roads and rails. The number of people killed where rail lines and...
Drivers Criticize New York Crossing Where Train, Car Collided
Feb 6 2015 // The Westchester County rail crossing made Nicole Sanders anxious even before she witnessed this week’s fiery fatal collision between a commuter train and a sport- utility vehicle. “There are a whole lot of...
New York Train Crash Investigators Ask Why SUV Stopped on Tracks
Feb 5 2015 // Federal investigators are trying to determine why a woman driving a Mercedes-Benz sport-utility vehicle stopped in the middle of railroad tracks, leading to the fiery crash of a New York commuter train in Westchester...
Transportation Safety Board Investigating New York Train Crash
Feb 4 2015 // The National Transportation Safety Board is investigating the fiery rush-hour crash of a New York commuter train in Westchester County that killed six people, the deadliest accident in Metro-North Railroad’s...
New York Commuter Train in Deadly Crash
Feb 4 2015 // A northbound Metro-North Railroad train ferrying commuters from New York City struck a car during evening rush hour Tuesday in New York’s Westchester County, killing at least six people. Among the dead were...
Allstate Settles Mortgage Fraud Suit with Morgan Stanley
Feb 4 2015 // Allstate Insurance Co. agreed to settle a 2011 lawsuit accusing Morgan Stanley of fraud over more than $100 million worth of mortgage-backed securities in which the insurer invested. The largest publicly traded U.S. home...
