Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York State Insurance Fund to Host MWBE Investment Forum
Feb 24 2014 // N.Y. Gov. Andrew Cuomo announced the New York State Insurance Fund (NYSIF) would be hosting emerging Minority- and Women-Owned Business Enterprises (MWBE) asset managers and brokers in a forum designed to further spark...
Officials Investigating Deadly Carbon Monoxide Leak at N.Y. Mall
Feb 24 2014 // Officials investigating a carbon monoxide leak at a New York mall are concentrating on the heating system of a restaurant there. A manager at Legal Sea Foods restaurant died and more than two dozen others were sent to...
Urbanization, Mobility, Gridlock and Predictions of ‘Peak Car’
Feb 24 2014 // The world that Henry Ford put on wheels is poised for a stall. In the globe’s growing megacities, pollution and gridlock are putting a damper on driving. In India, some commuters are leaving their cars at home to...
People – East
Feb 24 2014 // Lockton Cos. announced Frank Vento has joined as vice president and leader of the investment management practice in Lockton’s Washington, D.C., office. In his new role, Vento will help develop risk management and...
N.Y. Regulator Moving Ahead on Bitcoin Regulation
Feb 24 2014 // New York’s financial regulator recently revealed new details on his agency’s plans to govern virtual currency firms in the state in order to protect consumers and combat money laundering. Benjamin Lawsky,...
Industry Groups Welcome N.Y. High Court’s Reversal of K2 Decision
Feb 20 2014 // Insurance trade groups this week welcomed the New York Court of Appeals’ reversal of its June 11, 2013, decision on K2 Investment Group, LLC v. American Guarantee & Liability Insurance Co., a case that has been...
Greenberg’s Post-AIG Empire Looking Like Mini-Berkshire
Feb 20 2014 // Since his ouster from American International Group Inc. in 2005, Maurice “Hank” Greenberg has been quietly building an insurance and investment conglomerate that people close to him describe as a mini version...
Predicting Crime with Big Data Without Breaking the Bank
Feb 20 2014 // Researchers at Rutgers’ School of Criminal Justice have developed commercial technology that public safety practitioners and researchers worldwide are using to fight crime. Leslie Kennedy and Joel Caplan of Rutgers...
Judge Refuses AIG Bid to Delay Bank of America $8.5B Settlement
Feb 19 2014 // Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors won’t be delayed after American International Group Inc. and other objectors asked for a hearing to address loan modifications...
Heffernan Insurance Brokers Hires Group Benefits Advisor in New York
Feb 18 2014 // Heffernan Insurance Brokers recently hired Brody Fontaine to join its New York office as group benefits advisor. Fontaine will focus on building the benefits practice for Heffernan, focusing on mid-size employers. Fontaine...
AIG Cutting Jobs, Moving Others to Lower Cost Cities
Feb 14 2014 // American International Group Inc. Chief Executive Officer Robert Benmosche is increasing returns for shareholders as he targets job cuts to simplify the firm. AIG boosted its quarterly dividend by 25 percent to 12.5 cents...
Storm Dumps More Snow on Northeast After Icing Southeast for 2 Days
Feb 13 2014 // The winter storm that cut electricity to more than half a million customers across the South and grounded 10,000 flights this week turned its power on the U.S. Northeast, bringing heavy snow from Virginia to Maine. In...
Former PIA Affiliate Executive Joins CED 1976 in New York
Feb 13 2014 // CED 1976 LLC, a Fairlawn, N.J.-based managing general underwriter, has appointed Diane Fowler as director of marketing for its Jewelers unBLOCKed product. She is based in New York. In her new role, Fowler will lead...
N.Y. Health Exchange: 697K New Yorkers Completed Applications
Feb 12 2014 // New York State’s new health exchange reports nearly 697,000 New Yorkers have completed applications for insurance while more than 412,000 of them have now enrolled for specific coverage. The health department says...
EPIC Hires Managing Principal in New York
Feb 12 2014 // EPIC (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage based in San Francisco, announced James R. Loughlin has joined the firm as managing principal, risk...
New York DFS Superintendent Lawsky Reveals Bitcoin Regulation Plans
Feb 12 2014 // New York’s financial regulator on Tuesday revealed new details on his agency’s plans to govern virtual currency firms in the state in order to protect consumers and combat money laundering. Benjamin Lawsky,...
China Insurance Official asked JPMorgan’s Dimon for Job ‘Favor’ – NYT
Feb 12 2014 // China’s top insurance regulator directly asked JPMorgan Chase & Co CEO Jamie Dimon to hire a family friend as a “favor,” The New York Times reported, citing a confidential email. The latest media...
N.Y. Health Insurer to Give Thousands of Customers 3 Weeks Free Coverage
Feb 11 2014 // Thousands of New York consumers who faced enrollment problems will get three weeks of free coverage from Empire Blue Cross Blue Shield. New York Gov. Andrew Cuomo says the agreement follows a Department of Financial...
Court Dismisses Ex-AIG CEO Greenberg’s Bailout Lawsuit Against New York Fed
Feb 10 2014 // A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc. CEO Maurice “Hank” Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing out the...
Business Moves
Feb 10 2014 // Berkshire Hathaway, MyAssist, Insure America Berkshire Hathaway Specialty Insurance has agreed to purchase from Noel Group the assets of MyAssist Inc., a live-agent personal concierge and telematics service-provider, and...
