Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
IBHS Urges New York to Adopt 2015 Model Building Codes
Oct 20 2014 // The Insurance Institute for Business & Home Safety (IBHS) said it is commending the New York Code Council for starting the process to adopt the 2015 edition of the International Code Council model (ICC) building...
China’s Anbang Insurance to Acquire Waldorf Astoria for $1.95B
Oct 20 2014 // Hilton Worldwide is selling the Waldorf Astoria New York to Chinese insurance company Anbang Insurance Group Co. for $1.95 billion. Hilton will continue to manage the storied hotel for the next 100 years as part of an...
People – East
Oct 20 2014 // Retail insurance broker EPIC (Edgewood Partners Insurance Center) has hired former Integro President and CEO Peter Garvey as chief operating officer based in New York. In this newly created position, Garvey will be...
AIG Ex-CEO Liddy Defends Closeness with Government During Bailout
Oct 19 2014 // Former American International Group Inc. Chief Executive Officer Edward Liddy defended his decision to work closely with the government at the time of the company’s 2008 bailout, saying he hoped to win concessions on...
States’ Efforts on Climate Change Adaptation: Half Full or Half Empty?
Oct 16 2014 // Who hates that glass-half-full analogy? I’m guessing more than half of you, but let’s not let that stand in the way of using the clichéd-to-death philosophical quandary to illustrate a point being made by a...
Pioneer Underwriters Launches Pioneer Special Risk of N.Y.
Oct 16 2014 // Pioneer Underwriters has launched a new division called Pioneer Special Risk of New York and hired Gary Dubois as division president. Based in New York, Dubois is joined by Steve Sitterly, chief operating officer, and...
AIG Bailout Trial Probes Role of Ex-CEO Liddy
Oct 16 2014 // Former American International Group Inc. Chief Executive Officer Edward Liddy will face a key question on the witness stand in a trial over claims shareholders were cheated of at least $25 billion in the insurer’s...
Flash Flood Risk Score: An Innovative Approach to Evaluate Flooding
Oct 16 2014 // This post is part of a series sponsored by CoreLogic. Flooding by the Numbers A review of the annual damage resulting from floods indicates that coastal flooding, riverine flooding and also flash flood events combine to...
Lawley Insurance Acquires S. Turtletaub & Sons in New Jersey
Oct 15 2014 // Lawley Insurance, an independent agency based in Buffalo, New York, has acquired S. Turtletaub & Sons Inc., an agency in Bayonne, New Jersey. Terms of the transaction were not disclosed. The transaction is part of...
U.S. Eyes Sale of New York’s Waldorf Hotel to Chinese Insurer
Oct 15 2014 // Concerned about potential security risks, the U.S. government is taking a close look at last week’s sale of New York’s iconic Waldorf Astoria hotel to a Chinese insurance company. U.S. officials said Monday...
CDC Steps Up Ebola Risk Management, Names Expert Team for Hospitals
Oct 15 2014 // A team of infection experts will be sent to any U.S. hospital with a confirmed Ebola case, according to the nation’s top disease control official, who said such a group could have prevented the infection of a Dallas...
AIG Bailout Trial Shifts to Former AIG Executives, Other Regulators
Oct 14 2014 // The trial over the American International Group Inc. bailout shifts this week from the architects of the 2008 rescue, who spent days testifying as to why they imposed the terms they did on the ailing insurer, to the...
EPIC Hires Cosgrove as Managing Principal in New York
Oct 13 2014 // Retail insurance broker EPIC (Edgewood Partners Insurance Center) has hired William P. (Bill) Cosgrove as managing principal and Financial Institutions Practice leader. Cosgrove will be based in New York and will report to...
Stepped-Up Ebola Screening Starts at New York’s JFK Airport
Oct 13 2014 // Customs and health officials began taking the temperatures of passengers arriving at New York’s Kennedy International Airport from three West African countries on Saturday, Oct. 11, in a stepped-up screening effort...
Are States, Cities Equipped to Handle Ebola Emergencies?
Oct 12 2014 // The missteps in Dallas’s handling of the first Ebola case diagnosed in the United States have revealed an uncomfortable reality: state and city plans for handling the deadly virus are based on generic recommendations...
Seattle, Boston Top Cities for Pedestrian Safety
Oct 9 2014 // Seattle, where a crowd of football fans celebrating a Super Bowl victory waited at a crosswalk for a signal change this year, is the safest U.S. city for pedestrians, according to a study by Liberty Mutual Holding Co. The...
Bernanke Defends AIG Bailout Terms; Judge Opens Fed’s ‘Doomsday Book’
Oct 9 2014 // Former Federal Reserve Chairman Ben Bernanke defended the sterner treatment of American International Group Inc. in the 2008 bailout compared with how investment banks were handled, saying the rescue of the insurer had a...
Unfamiliar Fed Saw ‘Exceptional’ Risks in AIG Situation, Says Geithner
Oct 9 2014 // American International Group Inc.’s unique set of risks was seen by one of the primary orchestrators of its rescue as requiring tough conditions that included the government’s taking most of the insurer’s...
Was AIG’s High Bailout Loan Rate Forced by Regulators?
Oct 8 2014 // A “crazily high” interest rate levied on American International Group Inc.’s $85 billion bailout loan may have been forced on the Federal Reserve Bank of New York by other regulators, according to...
Confie Seguros Acquires AA Insurance, Parietti & McGuire in New York
Oct 8 2014 // Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, has acquired AA Insurance Services and Parietti & McGuire Insurance in New York. AA Insurance Services, founded in...
