Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
In N.Y., N.J., Disparities Emerge in How Quickly Sandy Victims Get Federal Aid
Dec 27 2013 // As a second New Year since Superstorm Sandy approaches, many coastal residents are still waiting for New York, New Jersey and New York City to distribute billions of federal dollars that were intended to go directly to...
Allstate Settles Lawsuit Against Deutsche Bank Over Mortgage Securities
Dec 27 2013 // Deutsche Bank AG and Allstate Corp. settled a suit the insurer brought that accused the bank of misrepresentations and omissions in connection with loans backing $185 million in mortgage securities. Allstate sued the...
N.Y. Gov. Cuomo Vetoes Volunteer Firefighter Benefits Bills
Dec 24 2013 // New York Gov. Andrew Cuomo vetoed legislation that would have guaranteed job leaves for volunteer firefighters and ambulance workers during emergencies and another bill that would have extended coverage for their injuries...
Ex-AIG Executives Greenberg, Smith Press Ethics Complaint Against New York Prosecutors
Dec 23 2013 // Former American International Group executives are pursuing an ethics complaint against the New York prosecutors still bringing the charges that cost them their jobs at the insurance giant in 2005. The complaint at the...
New York Issues $370M in Bonds to Resolve Workers’ Compensation Claims
Dec 23 2013 // New York Gov. Andrew Cuomo announced last Friday the state issued $370 million in bonds to assist businesses in failed group self-insured trusts fulfill their obligations to their injured workers. The bonding is made...
Judge Rejects Catholic Church Challenge to Obamacare Birth Control Coverage
Dec 23 2013 // The Catholic Church isn’t harmed by the U.S. Affordable Care Act’s requirement for providing employees with insurance coverage for contraceptives, a judge ruled, throwing out most of a lawsuit challenging the...
Insurance Questions, Lawsuits Arise in Wake of Target’s Data Breach
Dec 22 2013 // U.S. retail giant Target Corp. is busy dealing with the aftermath of the massive data breach that exposed account details of some 40 million credit and debit cards. Already, at least two lawsuits seeking class-action...
SterlingRisk Appoints Northeast Private Client Practice Leader in New York
Dec 20 2013 // SterlingRisk, a national insurance brokerage based in Woodbury, N.Y., announced that Ben Phillips has joined the firm as the Northeast private client practice leader. Phillips joins SterlingRisk with over nine years of...
Target Credit Card Breach a Reminder U.S. Lags in Personal Data Security
Dec 20 2013 // The security breach of credit and debit card data at Target Corp. is evidence of the increasing threats retailers face and a reminder that the U.S. lags behind much of the world in securing personal financial...
St. John’s University to Relocate Manhattan Campus
Dec 19 2013 // St. John’s University has leased 71,000 square feet of space for its Manhattan campus at 51 Astor Place, between Third and Fourth Avenues in the East Village, Manhattan. The new location will house St. John’s...
New York to Provide $4M Grant Funding to Fight Auto Theft, Insurance Fraud
Dec 19 2013 // New York Gov. Andrew Cuomo announced the state will provide nearly $4 million in grant funding to 29 local police departments, district attorneys’ offices and other agencies in the state to combat motor vehicle theft...
N.Y. Approves Esurance Program Aimed at Preventing Teen Texting and Driving
Dec 18 2013 // New York Gov. Andrew Cuomo’s administration announced it has approved Esurance’s new telematics program designed to help prevent teens from texting while driving. This new voluntary program, called...
Paint Manufacturers Held Liable for $1.1 Billion in California Lead Paint Case
Dec 18 2013 // Sherwin-Williams Co., NL Industries Inc. and ConAgra Grocery Products LLC were ordered by a judge to pay $1.1 billion to replace or contain lead paint in millions of homes after losing a public-nuisance lawsuit brought by...
NICB: Questionable Insurance Claims on the Rise in New York, New Jersey
Dec 18 2013 // New York State’s questionable claims rose 29 percent from 2010 to 2012, while New Jersey’s questionable claims were up 63 percent during the same period, according to the National Insurance Crime Bureau (NICB)....
Russell Bond Appoints Operations Manager in Buffalo, N.Y.
Dec 17 2013 // Russell Bond & Co. Inc., an insurance wholesaler headquartered in Buffalo, N.Y., announced Paul Saccomando has joined the firm as operations manager.Paul SaccomandoSaccomando has over 30 years of property/casualty...
Dennis Busti, CEO of Saul Steinberg Insurance Unit, Dies at 71
Dec 17 2013 // Dennis Busti, who played a leading role in building the insurance business that tracked the rise and fall of corporate raider Saul Steinberg, has died. He was 71. He died on Dec. 14 at his home in Eastchester, New York,...
New York Catholic Groups Win Challenge to Obamacare Birth Control Mandate
Dec 16 2013 // A group of Catholic health and educational organizations doesn’t have to comply with federal Affordable Care Act requirements to ensure employees receive insurance coverage for contraceptives, a New York federal...
Feds to Examine New York’s Metro-North Railroad for 2 Months
Dec 16 2013 // Federal experts will spend the next two months examining safety compliance and safety culture at a commuter railroad that operated a train that derailed and killed four people this month.Metro-North derailment scene in...
People
Dec 16 2013 // Glenn RenwickThe Progressive Corp., based in Mayfield Village, Ohio, named Chief Executive Officer Glenn Renwick as chairman of its board of directors following the death of the company’s previous chairman, Peter B....
Broker Pleads Guilty in NYC Charity Theft, Faces Up to 25 Years in Prison
Dec 13 2013 // An insurance brokerage owner has admitted to helping a longtime Jewish community leader steal more than $7 million from a prominent New York City charity has pleaded guilty to charges The New York Times says Joseph Ross...
