Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Confie Seguros Acquires DeFranco Insurance Agency in N.Y.
Nov 4 2013 // Confie Seguros, a national group of personal lines insurance brokers, announced its acquisition of DeFranco Insurance Agency Inc. in Niagara Falls, N.Y. DeFranco Insurance Agency specializes in the delivery and service of...
N.Y. Expects 100,000 to Change Health Insurance Under Federal Overhaul
Nov 4 2013 // New York health officials say that about 100,000 individuals will have to change their health insurance under the federal health care overhaul. According to the state Health Department, those changes are required where...
People – East
Nov 4 2013 // The Chubb Corp.’s board of directors announced John D. Finnegan, Chubb’s chairman, president and chief executive officer, will remain in his current roles until the end of 2016, breaking a Chubb policy that...
A Year After Sandy, a Slow Recovery for Thousands
Nov 4 2013 // A year after Superstorm Sandy catastrophically flooded vast swaths of eastern U.S. coastline, thousands of people still trying to fix their soaked and surf-battered homes are being stymied by bureaucracy, insurance...
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...
