Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
People – Southeast
Oct 6 2014 // Insurance broker Hub International Southeast has named Tim Love as president, Employee Benefits, responsible for overseeing employee benefits product and service offerings for Carolina and Florida. Love will be based in...
Geithner Expected to Testify on AIG Bailout Rate
Oct 5 2014 // Federal regulators cut a “loan sharky” interest rate on an $85 billion bailout loan to American International Group Inc. because it contributed to a debt service problem that threatened the insurer’s...
New York’s SterlingRisk Appoints Wolf as Executive VP
Oct 3 2014 // SterlingRisk, a national insurance brokerage based in Woodbury, New York, has hired Barry Wolf as executive vice president of the aviation division. Wolf will be responsible for developing the firm’s Aircraft...
AIG Bailout Rushed Without Complete Documentation, Fed Lawyer Testifies
Oct 2 2014 // The Federal Reserve Bank of New York poured billions of dollars into rescuing American International Group Inc. in September 2008 without drawing up documents that would cement the government’s control of the giant...
Boston’s Risk Strategies, New York’s DeWitt Stern Merge
Oct 2 2014 // Risk Strategies Co., an insurance brokerage and risk management firm based in Boston, and DeWitt Stern, a brokerage and risk advisory firm based in New York City, announced their merger. The combined organization will be...
Goldman, JPMorgan CEOs Pursued Private Rescue for AIG
Oct 1 2014 // The heads of Goldman Sachs Group Inc. and JPMorgan Chase & Co. told federal regulators days ahead of the 2008 government bailout of American International Group Inc. that they were putting together a private rescue of...
Atlantic Specialty Lines Announces New Office in Saratoga Springs, NY
Oct 1 2014 // Saratoga Springs, NY, October 1, 2014– Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, professional, and personal lines coverages, continues its...
Federal Reserve Was Reluctant to Rescue AIG, Urged Private Sector Loan: Trial
Sep 30 2014 // The Federal Reserve Board of Governors didn’t want to bail out American International Group Inc. with an $85 billion loan, preferring that the insurer find a savior in the private marketplace, the Fed’s top...
Greenberg’s Lawyer Says U.S. Demonized, Extorted AIG Shareholders in Bailout
Sep 29 2014 // The U.S. extorted American International Group Inc. shareholders when it extended a $182 billion taxpayer bailout at the height of the 2008 financial crisis, a lawyer for Maurice “Hank” Greenberg...
N.Y. to Authorize Emergency Job Absence for Volunteer Firefighters
Sep 26 2014 // New York state has amended its labor law to authorize job absences by volunteer firefighters and ambulance personnel during declared states of emergency. “This law ensures that volunteer firefighters and EMTs who are...
Amtrak Seeks to Recoup Millions From Insurers for Sandy Losses
Sep 25 2014 // Amtrak filed a lawsuit last week against more than a dozen insurers, claiming that the railroad operator is entitled to recoup additional proceeds for Superstorm Sandy losses from its insurers. “Amtrak has filed a...
Cuomo Says Terror Threat Spurs Higher Security Presence in N.Y. Region
Sep 24 2014 // New York Governor Andrew Cuomo said the metropolitan area remains under threat of terrorist attack, and that commuters will see an increased security presence in the city and at transit points as a result. Cuomo and New...
New York Requires State Agencies to Consider Extreme Weather
Sep 24 2014 // New York state agencies are required to consider the future likelihood of extreme weather in their decisions on public works projects, industrial and commercial permits and regulations, according to a new law signed...
Feds: $3.6B for Post-Sandy Transportation Projects
Sep 23 2014 // Federal officials have announced $3.6 billion to make public transportation more storm resistant in New York, New Jersey and other parts of the country damaged by Superstorm Sandy. U.S. Transportation Secretary Anthony...
In NYC, Pedestrian-Cyclist Crash Deaths as Rare as Lawsuits
Sep 23 2014 // Jill Tarlov’s death from a collision with a cyclist in Central Park last week was a New York City rarity, as are lawsuits after bikers ram pedestrians. From 1996 to 2005, 11 pedestrians across New York City died...
New York’s Lawsky Says Punishing Individuals Is Essential to Deterrence
Sep 23 2014 // Punishing executives for misconduct at banks is essential to deter wrongdoing on Wall Street, New York’s banking regulator said. “Just damning the entire firm is often times counterproductive,” Benjamin...
Opening Statement by IPCC Chairman Pachauri at New York Climate Summit
Sep 23 2014 // Rajendra K. Pachauri, Chairman of the IPCC, made the following statement to the delegates at the opening ceremony of the UN Climate Summit in New York today: Good morning. I salute His Excellency the Secretary-General for...
NYC Council Announces Climate-Change Legislation
Sep 22 2014 // New York’s City Council proposed a package of bills last Friday, Sept. 19, to slash greenhouse gas emissions, shrink the carbon footprint of city operations and reduce the number of cars on the road. The legislation,...
Willis North America Beefs Up Cyber Risk Practice with 6 Appointments
Sep 22 2014 // Willis North America has reinforced its cyber risk management and insurance services with several appointments to its FINEX Cyber/E&O Practice. The following individuals will focus on Willis’ national and...
Companies to Pledge Action on Climate Change at UN Summit
Sep 22 2014 // While U.S. President Barack Obama and more than 100 other world leaders will meet in a summit devoted to climate change, the most tangible action on global warming this week may come from companies. Mars Inc. and others...
