Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.J. Sen. Menendez Presses for Sandy Flood Insurance Probe
Dec 1 2014 // The Federal Emergency Management Agency should investigate allegations that insurance companies handling Superstorm Sandy flood damage claims are manipulating them to shortchange victims, U.S. Sen. Robert Menendez, D-N.J.,...
People – East
Dec 1 2014 // Utica Mutual Insurance Company in New Hartford, New York, announced that at a meeting of the board of directors on Nov. 6, the board approved the nomination of Richard Creedon as the next chief executive officer. Creedon...
New York Court Shows Leniency in Dismissal of Going-Private Buyout Claim
Nov 30 2014 // A four-page opinion from an appellate court in New York suggests a way to insulate companies and their boards from lawsuits in going-private transactions. The decision stems from the 2012 buyout of Kenneth Cole Productions...
Judge Denies GM Bid to Merge California, New York Ignition Switch Suits
Nov 28 2014 // General Motors Co. lost a bid to merge a California county prosecutor’s lawsuit over faulty ignition switches with customer cases pending in New York that make similar accusations about the carmaker’s conduct...
New York Firefighters’ Group Urges Kitchen Caution on Thanksgiving
Nov 26 2014 // Firefighters are urging people to be careful in the kitchen this Thanksgiving. The Firemen’s Association of the State of New York has issued a holiday reminder that cooking fires are the number one cause of home...
Snowstorm Recovery Efforts Continue in Buffalo, N.Y.
Nov 25 2014 // The Buffalo, New York, region is continuing to recover and assess damages from last week’s record-breaking lake-effect snowstorm that brought more than 7 feet of snow to the area. State Farm spokesperson Rachael...
NYC Incurred Record $732M in Legal Costs Last Fiscal Year
Nov 25 2014 // New York incurred a record $732 million in legal costs in the last fiscal year, mostly from claims of police abuse, negligence and hiring discrimination, expenses that accelerated under Mayor Bill de Blasio. The amount...
Documents At End of AIG Bailout Testimony Could Aid Greenberg
Nov 24 2014 // The Federal Reserve Bank of New York’s legal advisers sought to devise ways to avoid accountability to shareholders in the 2008 bailout of American International Group Inc., according to evidence introduced at the...
Superstorm Sandy Victims Allege Racketeering in Flood Claims Review
Nov 24 2014 // Wright National Flood Insurance Co. and U.S. Forensic LLC, an engineering firm, were sued by New York homeowners who claim the companies conspired to manipulate reports and avoid paying for damages from Hurricane Sandy in...
N.Y. Sen. Schumer: Near Misses Show Need for Drone Regulations
Nov 24 2014 // U.S. Sen. Charles Schumer, D-N.Y., says recent near misses between aerial drones and aircraft at New York City’s Kennedy Airport show the need for federal regulations on the small, remote controlled aircraft. The New...
Buffalo, N.Y.-Area Residents Urged to Prepare for Flooding
Nov 24 2014 // Buffalo, New York, is making significant progress clearing streets still clogged from an epic storm left more than 7 feet of snow even as a flooding threat looms, the city’s mayor said Sunday. A ban on driving will...
New York Insurance Association Elects 2015 Officers and Board Directors
Nov 21 2014 // The New York Insurance Association (NYIA) elected its 2015 officers and board of directors at the association’s annual meeting on Nov. 13. The following officers were elected for a one-year term ending Dec. 31,...
Russian Firms Face Huge Insurance Costs as Foreign Insurers Flee
Nov 20 2014 // Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling out, worried that any business they undertake is at risk from future measures and an...
More Snow Threatening for Western New York as Flooding Risk
Nov 20 2014 // Lake-effect snow that killed six people and halted travel across western New York may reach as high as 7 feet in some areas before stopping tomorrow, when temperatures will start to rise along with the risk of flooding. At...
Hub International Northeast Hires Dionisio as Personal Lines VP in Conn.
Nov 19 2014 // HUB International Northeast, part of Hub International Limited, has hired Rose Dionisio as vice president of Personal Lines. Based out of the firm’s Fairfield, Connecticut office, Dionisio will be responsible for...
Connecticut Commissioner Leonardi to Step Down, Join New York Investment Firm
Nov 19 2014 // Thomas B. Leonardi Connecticut Insurance Commissioner Thomas B. Leonardi will step down from his post on Dec. 11, 2014, to join a New York-based global investment banking advisory firm, Gov. Dannel P. Malloy’s office...
New York DFS Superintendent Lawsky Leaving After $3B in Fines Makes Mark
Nov 19 2014 // When Ocwen Financial Corp. shares soared on the news that regulator Benjamin Lawsky, who’s probing the company, will step down, Bill Miller shrugged. The next head of New York’s Department of Financial Services...
Lancer Indemnity Hires Wind as Underwriter in New York
Nov 18 2014 // Lancer Indemnity Company, a standard lines commercial property/casualty insurance company in Long Beach, New York, has hired Mickey Wind as underwriter. In this position, Wind will focus on new business accounts and...
N.Y. Sen. Schumer: Federal Government Should Cover Ebola Costs
Nov 17 2014 // U.S. Sen. Charles Schumer, D-N.Y., says the federal government should reimburse New York City and Bellevue Hospital for costs related to Ebola. The Democrat said on Nov. 16 that more than $20 million has been spent on...
New Jersey Sen. Menendez Presses for Sandy Flood Insurance Probe
Nov 17 2014 // The Federal Emergency Management Agency should investigate allegations that insurance companies handling Superstorm Sandy flood damage claims are manipulating them to shortchange victims, U.S. Sen. Robert Menendez said on...
