Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Greenberg Upset Win in AIG $25 Billion Bailout Trial Possible
Nov 3 2014 // Lawyer David Boies has a shot at an upset win in the trial of Maurice “Hank” Greenberg’s $25 billion bailout case against the U.S. government, a turnaround from the weak odds he was given just a month...
Top States for Luxury Car Theft
Nov 3 2014 // According to the National Insurance Crime Bureau (NICB), there were 5,570 luxury vehicles for model years 2011-2013 reported stolen in the United States between Jan. 1, 2010 and Dec. 31, 2013. NICB analysts review data...
Business Moves
Nov 3 2014 // Marsh, Torrent Insurance broker Marsh has agreed to acquire Torrent Technologies Inc., which serves write-your-own insurers participating in the National Flood Insurance Program (NFIP). Torrent’s approximately 100...
People – East
Nov 3 2014 // Global insurance broker Marsh has appointed Courtney Leimkuhler to the role of chief financial officer, effective March 1, 2015. Leimkuhler will succeed CFO Paul Malvasio, who is retiring in March after a career in the...
AIG Pays $35M Penalty to Resolve Probe of Units Sold to MetLife
Nov 2 2014 // American International Group Inc. agreed to pay a $35 million penalty to resolve a New York State probe into unlicensed insurance sales by former units. The subsidiaries, American Life Insurance Co. and Delaware American...
Uber Ridesharing Serving Kids and Their Busy Parents
Oct 31 2014 // As the oldest of three kids, Baily Deeter was often the last to be picked up from school by his mother. Then Uber Technologies Inc. came along. When Baily started ninth grade in August, his parents gave him an account for...
Integro Hires Stearns as Global Marine Practice Principal in New York
Oct 30 2014 // Robert Stearns Insurance brokerage and risk management firm Integro hired Robert Stearns as a principal for the firm’s Global Marine practice in New York. He is responsible for the design, structure, placement and...
Politics of Ebola Response Tricky for Christie, Cuomo
Oct 30 2014 // Two ambitious governors — one Republican, one Democrat — known for their no-nonsense, take-charge style in a calamity have set off a furor with their aggressive handling of the Ebola crisis, and how it plays...
NTSB: Southwest Pilot Took Controls From Co-Pilot Before NYC Crash
Oct 30 2014 // The co-pilot of a Southwest Airlines Co. plane that crash landed at New York’s LaGuardia Airport in July 2013 said the captain put her hand on his as he was controlling the throttles and reduced the plane’s...
Feds: Engineer’s Sleepiness Caused Bronx Commuter Train Derailment
Oct 29 2014 // A sleep-deprived engineer nodded off at the controls of a commuter train just before taking a 30 mph curve at 82 mph, causing a derailment in the Bronx in New York City last year that killed four people and injured more...
NYC Flood Zone Properties’ Value Rose to $129B Under New FEMA Maps
Oct 29 2014 // The assessed value of properties in New York City that lie within Federal Emergency Management Agency’s (FEMA) newly proposed 100-year floodplain maps is $129 billion, more than double the value under previous...
Human Factor, Culture Often Overlooked in Climate Debate, Expert Says
Oct 29 2014 // When Hurricane Sandy came, Deborah Star Reed stayed home. Irene, the year before, had been over- hyped. Her 1919 concrete house in New York was left unscathed by Donna in 1960 and the “Big One” of 1938. So, on...
Ex-CEO Benmosche Writing Book on Turnaround at AIG
Oct 28 2014 // Robert Benmosche is working on a book about turning around American International Group Inc. Benmosche’s memoir focuses on the five years he led AIG and is slated to be published in late 2015 or early 2016 by St....
N.Y., N.J. Governors Stress Home Quarantine for Ebola Workers
Oct 28 2014 // State leaders in New York and New Jersey are at odds with scientists over Ebola as the states’ governors back 21-day quarantines for medical workers returning from West Africa, while the nation’s top...
Disbarred N.Y. Lawyer Sentenced for Stealing Client Funds
Oct 28 2014 // A New Jersey judge has decided that a disbarred New York City lawyer will not have to serve a prison term for stealing funds from a client. Instead, 48-year-old Jeffrey Squitieri must serve five years of probation and pay...
2 Years After Superstorm Sandy: Are We Ready for Next Big Storm?
Oct 27 2014 // After Superstorm Sandy, officials in New York and New Jersey vowed to make sure the unprecedented destruction wouldn’t happen again. Two years later, would it? There are some concrete signs of tougher protections,...
Ebola: NYC Had Jump-Start, Dallas Had to Learn Fast
Oct 27 2014 // The contrast in handling two Ebola diagnoses in New York and Dallas highlights how differently U.S. cities and hospitals prepare for health emergencies. “The lesson I would take from New York is you have to...
Report on Infrastructure Upgrades Since Superstorm Sandy
Oct 27 2014 // Two years after Superstorm Sandy, would New York and New Jersey be better protected and prepared if such a storm struck again? A sampling of work on some key issues: • Flood Protection New York City: Many projects on the...
Government Prepares Defense in AIG Bailout Trial
Oct 27 2014 // David Boies spent much of the past month interrogating the architects of the 2008 Wall Street bailout, making the case that the U.S. cheated American International Group Inc. shareholders of at least $25 billion partly for...
CDC ‘Go’ Team Sprints to New York as City Faces First Ebola Case
Oct 23 2014 // Start packing for New York, the “go” team from the U.S. Centers for Disease Control and Prevention was told. A doctor there was back from a West African hot zone with Ebola-like symptoms. The disease experts...
