Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Bans 12 Doctors From No-Fault Insurance Billing
Nov 1 2013 // New York officials have banned 12 doctors and six therapists from billing the state’s no-fault auto insurance system in an initiative to crack down on fraudulent medical mills costing hundreds of millions of...
AIG’s Q3 Profit Advances 17% to $2.17B; Property/Casualty Sales Decline
Nov 1 2013 // American International Group Inc., the insurer that repaid a U.S. rescue last year, said third- quarter profit climbed 17 percent as underwriting margins improved at the property-casualty business. Net income rose to $2.17...
New York Creating Gas Reserve to Prevent Shortages During Emergencies
Oct 30 2013 // New York Gov. Andrew Cuomo says New York is creating the nation’s first state gasoline reserve to prevent shortages during emergencies. Cuomo said Saturday that a pilot program on Long Island will hold 3 million...
Sandy Survivors Recall Challenges of Past Year
Oct 30 2013 // The trauma inflicted by Superstorm Sandy’s fierce floodwaters was etched on the faces of many homeowners Tuesday, a year after the storm made landfall, as they recalled the challenges they have faced during the past...
States Hit by Sandy to Get Next $5B of Recovery Funding
Oct 28 2013 // Federal officials on Monday unveiled plans for a second round of Superstorm Sandy disaster relief totaling $5 billion for five states and New York City, and they pledged that the pace of spending would pick up after a slow...
Study Tracks Latest Changes in N.Y. Workers’ Comp System After 2007 Reforms
Oct 28 2013 // The ongoing effects of workers’ compensation reforms enacted in New York in 2007 are monitored by the Workers Compensation Research Institute (WCRI) in a new study that focuses on objectives that are being achieved,...
N.Y. Announces Protocol for Insurers to Follow During Future Severe Storms
Oct 28 2013 // New York Governor Andrew Cuomo announced today that his administration has established a new emergency disaster protocol that insurers should expect to follow in the event of future severe storms and other natural...
Rising Cost of Flood Insurance Will Create Challenges for NYC: RAND
Oct 28 2013 // Some New York City residents may soon face sharp increases in their flood insurance premiums as a result of major changes occurring in the National Flood Insurance Program and the redrawing of flood maps that expand the...
How a Run-of-the-Mill Hurricane Mutated Into a Superstorm Named Sandy
Oct 28 2013 // It was the moment a run-of-the-mill hurricane mutated into a monster named Sandy. Paradoxically, it was the same time Sandy lost much of its wind power, dropping from a hurricane to a tropical storm. It was a Friday night...
Marsh & McLennan Climbs to Post-Spitzer High
Oct 28 2013 // Marsh & McLennan Cos., the biggest insurance broker by market value, has climbed to a 9-year high, bouncing back from the plunge that followed then-New York Attorney General Eliot Spitzer’s lawsuit against the...
After Sandy, Only a Lucky Few Getting Buyouts
Oct 25 2013 // The forces of nature had been threatening the Oakwood Beach neighborhood in Staten Island, New York City, for years, flooding the streets every time it rained, sending crabs skittering into bungalows and swamping basements...
Sandy Left-Behinds Brace for Second Year With Relief Elusive
Oct 25 2013 // For more than a half-century, Whitey’s Landing on New Jersey’s Barnegat Bay has served boaters pulling up for engine repairs or clams from the bait freezer. This season, only one-third of its 30 moorings were...
AIG Hires XL Group’s Maag as CEO of Europe, Middle East
Oct 25 2013 // American International Group Inc. hired Seraina Maag from XL Group Plc to run the Europe, Middle East and Africa region as Chief Executive Officer Robert Benmosche reshapes the insurer’s leadership. Maag, 45, will be...
Jury Finds Bank of America Liable for Countrywide Mortgage Fraud
Oct 24 2013 // Bank of America Corp. was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few trials stemming from the financial crisis. After a...
USI Appoints V.P. for Employee Benefits Services in N.Y. Metro Office
Oct 24 2013 // USI Insurance Services announced that Rick Renna has joined the brokerage as vice president in the New York metropolitan office. Renna formerly served as sales executive at MagnaCare and vice president/financial services...
Survey: Many Sandy-Impacted Small Biz in N.Y. Unprepared for Another Storm
Oct 24 2013 // A year after Superstorm Sandy, a new survey of small business owners and managers in the metropolitan New York City area found that nearly 30 percent of respondents affected by the storm would be forced to make staffing...
A Year After Sandy, a Slow Recovery for Thousands
Oct 24 2013 // A year after Superstorm Sandy catastrophically flooded hundreds of miles of eastern U.S. coastline, thousands of people still trying to fix their soaked and surf-battered homes are being stymied by bureaucracy, insurance...
USI Insurance Appoints Senior Vice President in New York Metro Office
Oct 21 2013 // USI Insurance Services has appointed Brian Golick as senior vice president. He is based in USI’s New York metropolitan office. Golick brings 25 years experience in employee benefits, sales, insurance account...
New York-Based Southport Re Appoints COO
Oct 21 2013 // Southport Lane, a New York-based private equity firm, announced that Brandon Young has been appointed chief operating officer of its reinsurance holding company Southport Re and senior vice president of Southport Lane. In...
ACE Appoints Senior VP for ACE USA Surety Unit in New York
Oct 21 2013 // ACE USA, the U.S.-based retail operations of the ACE Group, appointed Teresa Black to the newly created role of senior vice president and chief operating officer for the ACE USA Surety unit. Black, who most recently served...
