Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
N.Y. Troopers Issue 17,447 Tickets During ‘Operation Hang Up’
Apr 24 2015 // New York State Police say they issued 17,447 tickets during their five-day “Operation Hang Up” distracted driving crackdown. From April 10 through April 15, troopers were on the lookout for drivers using cell...
New York Holds Line on Volunteer Firefighters After Declines
Apr 22 2015 // More new firefighters are volunteering in New York state after years of declining membership, though companies are still seeking recruits to meet more calls. Fire companies statewide attracted 12,665 new volunteers in 2011...
Greenberg Wants State’s High Court to Nix New York AG’s Fraud Case
Apr 22 2015 // In a last-ditch effort to avoid trial, former American International Group Inc Chairman Maurice “Hank” Greenberg is seeking permission to ask New York’s highest court to throw out the accounting fraud...
Greenberg May Have Advantage with Judge Deciding AIG Bailout Challenge
Apr 22 2015 // Former American International Group Inc. Chairman Maurice “Hank” Greenberg claims the U.S. bailout of the company cheated shareholders out of at least $25 billion. On Wednesday, the judge presiding over his...
How to Manage Risk of Valuable Properties Concentrated in Coastal Areas
Apr 21 2015 // U.S insured property values as of 2014 exceed $90 trillion, but the bulk of that is increasingly concentrated in vulnerable coastal areas. With that in mind, new risk metrics could better help monitor exposures, Karen...
New York State Police Launch Safety Campaign Aimed at Teen Drivers
Apr 20 2015 // New York State Police are launching a traffic safety campaign aimed at minimizing crashes involving teen drivers. “The Empty Chair” driving safety campaign starts Monday and runs through Friday. The empty chair...
Business Moves
Apr 20 2015 // Confie Seguros, Your Insurance Spot, Wise Insurance Agency, Bronkie Agency Confie Seguros, a national provider of personal lines insurance based in Huntington Beach, Calif., has acquired three East Coast insurance...
N.Y. Court Examines Scope of Scaffold Law in Two Injury Cases
Apr 20 2015 // The New York Court of Appeals, the state’s highest court, ruled on two injury cases on April 2, examining whether the injuries in those cases fit within the scope of the state’s Labor Law 240, popularly known...
NYDFS: Tighter Cybersecurity Needed for Banks’ Vendors
Apr 20 2015 // The New York State Department of Financial Services (NYDFS) issued a report on April 9 that found significant potential cybersecurity vulnerabilities with banks’ third-party vendors. New York regulators noted that...
Greenberg Denied Bid to Dismiss New York AG Fraud Suit
Apr 16 2015 // A New York state appeals court rejected former American International Group Inc. Chairman Maurice “Hank” Greenberg’s bid to dismiss a decade-old lawsuit accusing him of orchestrating an accounting fraud...
N.Y. Nixes 57 Nuisance Fees Including Fees on Some Work Comp Disputes
Apr 15 2015 // New York is eliminating dozens of small fees the state had imposed on such random things as potato inspections, ski lifts and workers’ compensation disputes involving podiatrists. New York Gov. Andrew Cuomo’s...
Millions, Including Sandy Victims, Facing Higher Flood Insurance Premiums
Apr 14 2015 // A $24 billion sea of red ink has millions of Americans in vulnerable flood zones, including homeowners still struggling to recover from Superstorm Sandy, facing steep increases in flood insurance premiums. New legislation...
NYDFS Finds Potential Cybersecurity Vulnerabilities With Banks’ Vendors
Apr 9 2015 // The New York State Department of Financial Services (NYDFS) issued a report Thursday that found significant potential cybersecurity vulnerabilities with banks’ third-party vendors. New York regulators noted that...
AmWINS Brokerage Announces Appointments in New Jersey, New York
Apr 9 2015 // AmWINS Brokerage of the Mid Atlantic hired John Carlsen as senior vice president. Carlsen specializes in public entity risks, with an emphasis on CAT/natural disaster exposures. Prior to joining AmWINS, he was executive...
New York Court Examines Scope of Scaffold Law in 2 Injury Cases
Apr 8 2015 // The New York Court of Appeals, the state’s highest court, ruled on two injury cases on April 2, examining whether the injuries in those cases fit within the scope of the state’s Labor Law 240, popularly known...
