Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
New York Official Pushes ‘Kill Switch’ for Cellphones
Dec 12 2013 // New York State Attorney General Eric Schneiderman is pressing wireless carriers to put safety over profits in his effort to require anti-theft measures to be installed in smartphones. The Democrat is sending letters...
IICF Northeast Division Awards 16 New Grants Totaling $879,000
Dec 12 2013 // The Insurance Industry Charitable Foundation (IICF) Northeast division announced 16 charitable grants at its seventh annual benefit dinner on Wednesday. The total amount of the grants is $879,000. Lisa Tepper, chair of the...
NTSB: Technology Upgrade Likely Could Have Prevented N.Y. Train Derailment
Dec 12 2013 // Federal safety officials say a technology upgrade they’ve been recommending for years would probably have prevented the Dec. 1 train derailment that killed four people in New York.Metro-North derailment scene in...
Former Tower Group Exec Joins Capacity Coverage Co. of New Jersey
Dec 12 2013 // Capacity Holdings Group and Capacity Coverage Company of New Jersey Inc., a N.J.-based retail and wholesale insurance brokerage, hired Gary Maier as senior executive vice president. In his new role, Maier will concentrate...
Bond Managers Gain as Pension Funds Flock to Catastrophe Risk
Dec 12 2013 // Funds specializing in insurance-linked risks such as catastrophe bonds are benefiting as the $30 trillion pension industry increases bets in a market that hasn’t posted an annual loss. At Leadenhall Capital Partners...
Audit Targets Safety on New York State Railroad Bridges
Dec 11 2013 // The New York State’s Department of Transportation lacked records to show adequate and updated safety plans and inspections for many railroad bridges statewide, according to an audit being released by the state...
Q&A: Liability Insurance Implication for Admitting Wrongdoing in SEC Settlements
Dec 11 2013 // Earlier this year, the U.S. Securities and Exchange Commission reached a settlement with New York-based hedge fund adviser Philip A. Falcone and his advisory firm Harbinger Capital Partners. The agreement was the first to...
First Niagara Risk Management in New York Announces 2 Promotions
Dec 10 2013 // First Niagara Risk Management Inc., a Buffalo, N.Y.-based insurance brokerage, promoted Kim McGillicuddy to senior vice president. McGillicuddy has been serving as enterprise sales leader and is responsible for developing,...
Utica National in New York Announces 2 Executive Changes
Dec 9 2013 // New Hartford, N.Y.-based Utica National Insurance Group announced two changes in the executive leadership team. Brian Lytwynec was named to the newly created position of assistant to the chairman and chief strategy...
New York Train Wreck Could Be Case of Highway Hypnosis
Dec 9 2013 // It’s sometimes called highway hypnosis or white-line fever, and it’s familiar to anyone who has driven long distances along a monotonous route.Metro-North derailment scene in Bronx, N.Y. on Dec. 2. Photo:...
