Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
PartnerRe Stock Jumps on Report That SCOR, Alleghany Are Weighing Bids
Feb 4 2015 // PartnerRe Ltd. jumped in New York trading after “Insurance Insider” reported that the reinsurer, which agreed last month to merge with Axis Capital Holdings Ltd., might draw bids from rivals to break up the...
N.Y., Mass. Adopt Certificates of Insurance Law
Feb 2 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...
Few Claims Reported From Winter Storm Juno
Feb 2 2015 // Winter Storm Juno — a blizzard that swept through the Northeast during the last week of January and brought record and near-record snowfalls and high winds — has resulted in relatively few insurance claims so...
N.Y. Court: Media Outlets Don’t Have to Delete Stories When Charges Nixed
Feb 2 2015 // A Connecticut woman’s claims that media outlets libeled her by refusing to delete stories about her arrest after charges were dismissed were rejected by a federal appeals court on Jan. 28. The ruling by the 2nd U.S....
Army Corps Releases Northeast Coastal Flood Risk Management Framework
Jan 30 2015 // The U.S. Army Corps of Engineers on Wednesday issued a report saying that managing the flooding risk along the North Atlantic coast from events like Superstorm Sandy is something that has to be done collaboratively by all...
Greenberg Calls New York Fraud Suit Waste of Time, Money
Jan 30 2015 // Ex-American International Group Inc. Chairman Maurice “Hank” Greenberg said New York’s pursuit of him through a decade-old fraud suit is a waste of taxpayer money, as the two sides prepare for a trial...
Hub Northeast Hires Killeen as First VP of Private Client Services
Jan 29 2015 // Hub International Northeast, a division of Hub International Limited, has hired Lynn Killeen as first vice president of Private Client Services, focusing on further developing Hub’s family office practice. Based out...
AIR Worldwide Reports on This Week’s Northeast Blizzard
Jan 29 2015 // A blizzard in the Northeast this week primarily impacted eastern Long Island in New York, southeastern Connecticut, Rhode Island, eastern Massachusetts and Cape Cod and the islands, New Hampshire, and Maine, with record...
