Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York DFS Announces New Cybersecurity Assessment Process for Banks
Dec 10 2014 // New York’s Financial Services Superintendent Benjamin Lawsky today issued an industry guidance letter to all New York Department of Financial Services (DFS)-regulated banks announcing the department’s new,...
Lloyd’s Underwriter Pioneer Special Risk Expands to New York
Dec 10 2014 // Pioneer Underwriters announced that its Pioneer Special Risk (PSR), led by President Gary Dubois, has commenced underwriting via its New York based division. The bulletin explained that “Pioneer Special Risk has been...
Sandy Flood Insurers Ordered to Disclose Drafts of Engineering Reports
Dec 9 2014 // A Travelers Cos. unit and other flood insurers accused by Hurricane Sandy victims in New York of using falsified engineering reports must turn over the drafts to policyholders, a three-judge panel ruled amid allegations...
Pioneer Special Risk Commences Underwriting via New York Office
Dec 9 2014 // Pioneer Underwriters, a London-based underwriting group within Minova Insurance Holdings Ltd., announced that its New York-based division Pioneer Special Risk (PSR) has commenced underwriting. PSR was launched in October...
Western N.Y. Snowstorm Cost Erie County Government $7.5M
Dec 8 2014 // Last month’s epic snowstorm that hit portions of western New York has cost Erie County government an estimated $7.5 million. The Buffalo News reports the figure includes damage and expenses and is expected to go up...
Travelers Unit Sued Over Allegedly Manipulated Sandy Report
Dec 7 2014 // A Travelers Cos. unit was sued by two New York homeowners who accused it of using a doctored engineering report to reject much of their claim for flood damage from Hurricane Sandy, making it the third insurer to face such...
Western New York Governments Seek Federal Help for Storm
Dec 6 2014 // Communities in western New York are tallying the costs of last month’s epic snowstorm to see if it meets the threshold for federal assistance. The storm cost Erie County government at least $7.5 million in damage,...
Legal Battle Over MetLife Systemic Risk Label Looms
Dec 5 2014 // U.S. regulators are close to a final decision to label MetLife Inc. systemically important, two people with knowledge of the matter said, setting up a potential legal battle with the country’s largest life...
Winter Storm ‘Bomb’ Watch Begins From New York to Europe
Dec 5 2014 // As fall gives way to winter, meteorologists from the U.S. East Coast to the shores of Western Europe will be watching for signs that the next storm heading their way will turn into a bomb. That’s right — a...
Hartford Unit Faces Racketeering Suit on Sandy Claims
Dec 4 2014 // A couple claiming damage from Hurricane Sandy filed court papers accusing a Hartford Financial Services Group Inc. unit, an engineering firm and a law firm for the insurer of engaging in racketeering by scheming to use...
New York Troopers Issued 11,198 Tickets Over Thanksgiving Holiday Weekend
Dec 4 2014 // New York State Police issued more than 11,000 tickets over the Thanksgiving holiday weekend. During the five-day campaign that started last Wednesday, regular patrols were beefed up statewide to focus on speed enforcement,...
New York AG Directs Legal Services Providers to Assist Buffalo Residents
Dec 4 2014 // New York Attorney General Eric T. Schneiderman met with local leaders in Buffalo Wednesday and announced that he is making a network of housing counselors and legal services providers available to help area residents...
Update: Hartford Unit Accused of Using Fudged Hurricane Sandy Report
Dec 3 2014 // A Hartford Financial Services Group Inc. unit was accused by a lawyer representing Hurricane Sandy victims of using a falsified damage report to dodge paying homeowner claims, the second insurer blamed in the last month...
AIA Hires Cooper as VP for State Affairs, Northeast Region
Dec 2 2014 // The American Insurance Association (AIA) has hired Alison Cooper as vice president for state affairs, Northeast region, effective January 2015. Cooper, who currently serves as director of the Senate Insurance Committee in...
U.S. Supreme Court Rejects Sept. 11 Environmental Appeal
Dec 2 2014 // The U.S. Supreme Court on Monday declined to revive a New York real estate developer’s lawsuit against the leaseholder of the destroyed World Trade Center and two airlines seeking environmental cleanup costs related...
AIG Bailout Judge Not Intimidated by Government, Wall Street Names
Dec 1 2014 // Hank Greenberg’s legal assault on the U.S. government and the terms imposed in its 2008 bailout of American International Group Inc. brought a parade of financial crisis superstars to a Washington courthouse,...
N.Y. Gov. Cuomo Wants State to Have Best Weather Monitoring System
Dec 1 2014 // Gov. Andrew Cuomo wants New York to create the nation’s best weather monitoring system, one more robust than even the National Weather Service and more capable of predicting events like the snowstorm that buried...
Stewart – Former I.I.I. President, Speechwriter, Arts Instructor, Exchange VP-Dies
Dec 1 2014 // Gordon Curran Stewart, former president of the Insurance Information Institute (I.I.I.), died Wednesday, November 26, in his hometown of Garrison, New York. Stewart joined the Institute in 1989 as executive vice president...
Willis Lauds UN’s Support for ‘1-in-100’ Natural Disaster Risk Initiative
Dec 1 2014 // Willis Group announced that the “1-in-100” disaster resilience initiative, of which it has been a key architect, has received support from the United Nations. The “1-in-100” is a drive by public and...
2014 State Specialist P/C Insurers Revealed
Dec 1 2014 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National Association of Insurance Commissioners (NAIC). The 11...
