Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Lawmakers Urge Passage of Pregnancy Accommodation Bill
Jun 4 2014 // A bipartisan group of lawmakers in the New York State Legislature is urging passage of a bill that would accommodate the needs of pregnant women in the workplace. The measure would require employers to provide reasonable...
Federal Officials Announce 6 Projects to Protect N.Y., N.J. From Storm Damage
Jun 4 2014 // A system of dikes around the tip of lower Manhattan, and water pumps and parks across the Hudson River in New Jersey were among the projects selected Monday to receive nearly $1 billion in federal funding as part of...
Former Dewey Executives Use Indictment to Fend Off Aviva’s Lawsuit
Jun 3 2014 // The three former top executives at Dewey & LeBoeuf LLP, indicted by the Manhattan district attorney for falsely portraying the failing law firm’s financial condition, are using the criminal proceedings to halt a...
N.Y. Seeks More Rules for Investment Firms’ Buys of Insurers
Jun 2 2014 // The New York Department of Financial Services (DFS) has proposed new regulations to oversee private equity and investment firms’ acquisitions of insurance companies, especially acquisitions of annuity companies, in...
Report Shows More New York Doctors Disciplined
May 29 2014 // The New York Public Interest Research Group reports the state disciplined 468 doctors last year, 155 more than a year earlier. NYPIRG says the health department’s Office of Professional Medical Conduct found medical...
XL Adds 4 to East Coast Excess Casualty Teams
May 29 2014 // XL Group has enhanced its excess casualty teams in New York and Atlanta to accommodate its continued growth and sharpened focus on target industries – real estate, hospitality, grocers, restaurants and retail. In New...
N.Y. Orders Narragansett Bay Insurance to Pay $327,400 Fine
May 29 2014 // New York Gov. Andrew Cuomo’s administration announced today that Narragansett Bay Insurance Company will pay a $327,400 penalty for failing to perform timely inspections of Superstorm Sandy damage claims as required...
New York Tornado Almost Hit Stored Fireworks
May 29 2014 // The tornado that touched down in rural eastern New York last week nearly caused a big bang. The owner of a fireworks business said the EF3-rated twister narrowly missed steel storage containers with thousands of pounds of...
Moving Jobs to Low Cost Cities Making AIG ‘Best’ in Efficiency: P/C CEO Hancock
May 29 2014 // American International Group Inc., the largest commercial insurer in the U.S. and Canada, is shifting workers to locations including the Philippines and Texas to reduce costs. “We’re talking several thousand...
Judge Rejects Ex-AIG CEO Greenberg’s Bid to Avoid Trial
May 28 2014 // A New York state judge has rejected a request by Maurice “Hank” Greenberg, the former American International Group Inc. chief executive officer, to dismiss a long-running civil lawsuit by the state’s...
New York City Officials Launch Hurricane Awareness Campaign
May 28 2014 // New York City officials are launching a hurricane awareness campaign to help residents prepare for the upcoming storm season. “Know Your Zone” is being billed as a “one-stop-shop” for hurricane...
New York DFS Issues Bulletin Urging Auto Insurers to Adopt Telematics Programs
May 28 2014 // New York’s Department of Financial Services (DFS) issued a bulletin to all New York auto insurers encouraging them to adopt “usage-based insurance” (UBI) programs. Under these voluntary programs,...
Ratings Recap: Frankenmuth, Sooner, Tokio Marine America, Kingstone, Canopius U.S., HDI-Gerling America
May 28 2014 // A.M. Best has revised the outlook to stable from negative and affirmed the issuer credit ratings (ICR) of “a+” of Frankenmuth Mutual Insurance Company and its affiliates, Ansur America Insurance Company,...
Former New York Railroad Conductor Avoids Prison in Disability Scheme
May 23 2014 // A former Long Island Rail Road conductor has been ordered to repay nearly $295,000 in connection with the LIRR disability fraud case in New York. Christopher Parlante was a key government witness in two trials that ended...
Report: N.Y. Private Sector Occupational Injuries Cost Economy $10.9B in 2010-12
May 22 2014 // Private sector occupational injuries in New York cost the state economy $10.9 billion between 2010 and 2012, according to a report released this month from the consumer advocacy group Public Citizen. The report, titled...
New York Lawmakers Pass Tax Relief Bill for Sandy Victims
May 22 2014 // New York state lawmakers have passed legislation proposed by New York City Mayor Bill de Blasio that would prevent higher tax bills for city residents who rebuilt or repaired their homes after they were damaged by...
New York AG Says AIG’s Lawsuit Is Bid to Hobble Unlicensed Sales Probe
May 21 2014 // New York Attorney General Eric Schneiderman asked a judge to dismiss American International Group Inc.’s lawsuit against the state’s top financial regulator, saying the insurer is trying to interfere with a...
N.Y. Calls for More Oversight for Investment Firms’ Acquisitions of Insurers
May 20 2014 // The New York Department of Financial Services (DFS) has proposed new regulations to oversee private equity and investment firms’ acquisitions of insurance companies, especially acquisitions of annuity companies, in...
People – East
May 19 2014 // Chester A. McPherson, who has been serving as interim commissioner for the Washington, D.C., Department of Insurance, Securities and Banking (DISB), has been appointed as acting commissioner, D.C. Mayor Vincent C....
People
May 19 2014 // Chester A. McPherson, who has been serving as interim commissioner for the Washington, D.C., Department of Insurance, Securities and Banking (DISB), has been appointed as acting commissioner, D.C. Mayor Vincent C....
