Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
N.Y. Regulator Talks About Insurance Markets, 2014 Agenda
Feb 10 2014 // A top official from New York State’s Department of Financial Services (DFS) recently spoke about the state’s property/casualty insurance markets, calling it overall very good but “a bit more of a mixed...
Flooded N.Y. Homeowners Regret Dropping Insurance
Feb 10 2014 // Some western New York residents whose homes were damaged by a snow-swollen river in January had only recently cancelled their federal flood insurance policies because of rate increases. About 70 houses in West Seneca, just...
People – East
Feb 10 2014 // The Hartford Financial Services Group recently announced the election of Julie Richardson to its board of directors. Richardson will serve on the board’s audit committee as well as the finance, investment and risk...
N.Y. Health Exchange Says Nearly 381,000 New Yorkers Enrolled
Feb 5 2014 // The state’s new health exchange reports more than 657,000 New Yorkers have completed applications for insurance while nearly 381,000 of them have enrolled for specific coverage. The health department says enrollment...
Court Denies AIG Ex-CEO Greenberg Bid to Remove Judge From New York AG Case
Feb 5 2014 // Maurice “Hank” Greenberg, the former chairman of American International Group Inc., lost his bid to remove a judge from a lawsuit brought in 2005 by the New York state attorney general accusing him of...
Labor Dept.: N.Y. Employers Reported 146K Workplace Injuries, Illnesses in 2012
Jan 31 2014 // The U.S. Labor Department says New York private industry employers reported about 146,000 nonfatal workplace injuries and illnesses in 2012. That translates to 2.5 cases per 100 full-time workers. The agency says New York...
N.Y. Regulator Talks About Insurance Markets, 2014 Agenda
Jan 30 2014 // A top official from New York State’s Department of Financial Services (DFS) recently spoke about the state’s property/casualty insurance markets, calling it overall very good but “a bit more of a mixed...
N.Y. Gov. Orders Agencies to Review Emergency Response Plans for Oil Trains
Jan 29 2014 // New York Governor Andrew Cuomo on Wednesday ordered state agencies to review and update emergency response plans for rail shipments of crude oil that pass through the state in the wake of recent derailments out of North...
Court Dismisses Ex-AIG CEO Greenberg’s Bailout Lawsuit Against New York Fed
Jan 29 2014 // A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc Chief Executive Maurice “Hank” Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing...
New York MTA Receives $880M Federal Aid for Sandy-Related Repairs
Jan 29 2014 // The first installment of about $3.8 billion in federal Superstorm Sandy aid for New York’s Metropolitan Transit Authority has been allocated to repair flooded tunnels and other infrastructure that was damaged by the...
USI Acquires Travers, O’keefe & Associates in New York
Jan 28 2014 // USI Insurance Services announced the closing of the acquisition of Travers, O’keefe & Associates Inc., headquartered in New York. Terms of the transaction were not disclosed. Travers, O’keefe’s...
AIG’s Benmosche Receives Leadership Award in N.Y.
Jan 27 2014 // St. John’s University’s School of Risk Management (SRM) held its 19th annual “Insurance Leader of the Year” award dinner on Jan. 15 before a crowd of more than 1,400 in New York City. AIG Property...
People – East
Jan 27 2014 // Kelly K. Norris has been named executive director of the Glenmont, N.Y.-based Professional Insurance Agents associations of Connecticut, New Hampshire, New Jersey, New York, and their affiliated organizations. Norris has...
Biden, Cuomo Team Up to Promote Smarter Rebuilding
Jan 27 2014 // Vice President Joe Biden and New York Gov. Andrew Cuomo said this month New York and the nation’s other coastal states have to rebuild against severe storms and flooding that are likely in the future. “Extreme...
N.Y. Enacts Disclosure Law for Public Adjusters
Jan 27 2014 // New York State’s Act 5775, which took effect Jan. 1, restricts public adjusters from receiving a referral fee or having an ownership interest in a restoration or repair company working on the claim unless such...
