Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
Study: Due to Rising Sea Levels, Small Storms Could Produce Significant Flooding
Oct 21 2013 // Almost a year after Superstorm Sandy, parts of New York and New Jersey are still recovering from billions of dollars in flood damage. And a new study says that in the future, storms smaller than Sandy may be able to...
New York’s Top Court Clarifies Vandalism Insurance
Oct 21 2013 // The top New York court says property insurance against vandalism includes coverage for malicious damage that isn’t specifically aimed at the insured property. The ruling comes from a claim by Georgitsi Realty, owner...
States Going After Employers Who Misclassify Workers as Independent Contractors
Oct 18 2013 // When construction slowed during the recession, some companies hired workers and wrongly designated them as independent contractors to avoid paying insurance, taxes, fair wages and overtime. Danny Odom, chief operating...
Geithner Rejects Greenberg Bid for Draft of Book on AIG Bailout
Oct 17 2013 // Former Treasury Secretary Timothy Geithner joined the Federal Reserve Bank of New York in declining to give drafts of a book he’s writing to Maurice “Hank” Greenberg for Greenberg’s lawsuit...
Ex-Players Oppose NFL Image Rights Settlement
Oct 17 2013 // Years away from the field, former National Football League players including Jim Brown, Preston Pearson and Reggie Rucker are set to clash in court with retirees Mark Gastineau, Dan Pastorini, Dave Casper and others. At...
N.Y.-Based Vanderbilt Properties Insurance Brokerage Names CEO
Oct 17 2013 // Vanderbilt Properties Insurance Brokerage and Risk Management LLC, a New York-based specialist in insurance program administration for the real estate industry, promoted Alnoor S. Ladha to president and chief executive...
A.M. Best, Fitch Explain Recent Downgrades of Tower Group
Oct 16 2013 // Rating agencies have downgraded Tower Group following the insurer’s announcement of loss reserve and goodwill charges in excess of what was expected. Tower has said that the company’s board of directors is...
Hiscox Appoints General Liability Underwriting Leader in New York
Oct 16 2013 // Hiscox, the international specialist insurer, today announced that Angela Adams has been appointed as vice president, general liability underwriting leader, for Hiscox USA based out of the company’s New York...
New York City Buys 1st Superstorm Sandy-Damaged Home
Oct 14 2013 // New York City announced its first purchase of a home damaged by Superstorm Sandy on Oct. 10, acquiring property from a Staten Island woman whose husband and daughter were killed during the historic storm. Mayor Michael...
Judge Temporarily Halts New York AG Suit Against Greenberg
Oct 11 2013 // Former American International Group (AIG) Chief Executive Maurice “Hank” Greenberg on Thursday won a short reprieve from New York’s case accusing him of orchestrating sham transactions at AIG. State...
