Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Upstate New York Man Gets Prison for Staged Crash
Aug 15 2013 // A federal judge has sentenced a 55-year-old Utica, N.Y., man to nearly two years and prison and ordered him to help pay $1.4 million in restitution for his role in staging vehicle crashes for insurance money. Judge Norman...
Flood of Legal Questions Now Roils Sandy Survivors
Aug 14 2013 // First they needed blankets and generators. But before long, many of Superstorm Sandy’s bedraggled survivors also needed a lawyer. Thousands of people with damaged homes and businesses have sought help with legal...
Zurich’s Hogan Rejoining AIG As CEO of Global Consumer Insurance
Aug 14 2013 // American International Group has named Kevin Hogan as chief executive officer of AIG Global Consumer Insurance. Hogan, who previously had a 24-year career at AIG, is expected to formally rejoin AIG in early October. Hogan...
Loeb’s Third Point Re Set for IPO as Einhorn’s Truck Bet Shows Insurers’ Risk
Aug 14 2013 // Investors in Third Point Reinsurance Ltd.’s initial public offering are betting on billionaire hedge fund manager Daniel Loeb. They’re also taking on risk from an unprofitable underwriting operation. The sale...
Lessons from U.S. Blackout of 10 Years Ago: Kemp
Aug 14 2013 // Exactly 10 years ago, at 15:05 Eastern Time on August 14, 2003, an overhead power line came into contact with an overgrown tree near Cleveland, Ohio. What happened next is a frightening case study of how vulnerable modern...
Endurance Appoints Head of U.S. Financial Institutions Insurance in New York
Aug 13 2013 // Endurance Specialty Holdings, a Bermuda-based specialty provider of property/casualty insurance and reinsurance, appointed Fred Cooper as executive vice president and head of U.S. financial institutions insurance, based in...
Trade Group Applauds 2 N.Y. Laws That Target Counterfeit Airbags, VIN Forgeries
Aug 13 2013 // New York Gov. Andrew Cuomo recently signed two pieces of legislation that seek to put greater fraud protections in place and increase safety for the state’s drivers and passengers. The New York Insurance Association...
N.Y. to Deploy More Troopers, Unmarked Patrol Cars This Week to Target Speeders
Aug 12 2013 // New York Gov. Andrew Cuomo on Aug. 11 announced a week-long New York State Police enforcement initiative that will target speeding and aggressive drivers across the state. The “Speed Week” campaign runs from...
N.Y. Building Co-Owner Gets Prison in Arson, Ordered to Pay Restitution to Insurer
Aug 12 2013 // A federal judge has sentenced a 55-year-old central New York man to more than 18 years in prison for his role in the arson of a factory building he co-owned and the subsequent $4.2 million insurance claim. U.S. District...
New York City Prep School Sues AIG Insurers Over Denial of Abuse Coverage
Aug 7 2013 // New York City prep school Horace Mann sued units of American International Group Inc. saying they refused to defend and indemnify the school for damages stemming from sex-abuse claims by former students against...
Politics Driving Obamacare Premium Debate
Aug 7 2013 // With the Oct. 1 date for enrollment in the health insurance exchanges being created by Obamacare less than two months away, a war of numbers has been escalating. Health insurance will cost way less. Or it will cost way...
ThinkRisk Appoints Product Development Director in New York
Aug 6 2013 // Ryan Specialty Group’s ThinkRisk Underwriting Agency recently appointed Paul Novick as director of product development and marketing. Based in New York, he will lead the marketing and distribution strategy for an...
N.J. Sheriff to Target Commuter Buses, Ensure Proper Insurance for Operators
Aug 5 2013 // A northern New Jersey sheriff plans to crack down on commuter buses, he said on Aug. 1, days after a driver hit a light pole that toppled onto a stroller, killing an 8-month-old. Hudson County Sheriff Frank X. Schillari...
Zurich Among Insurers Said to Be Probed in Expanded N.Y. Inquiry
Aug 5 2013 // Zurich Insurance Group AG is among companies being questioned by New York’s insurance regulator in a widening probe into compliance with an Iran sanctions law, according to a person familiar with the matter. The New...
New York Aims to Spur $3B in Private Loans for Sandy Aid
Aug 2 2013 // The state is taking actions aimed at generating more than $3 billion in private sector loans for Superstorm Sandy rebuilding, Gov. Andrew Cuomo says. The Department of Financial Services will offer incentives to private...
New York’s MTA Obtains $200M of Protection With Catastrophe Bonds
Aug 1 2013 // The Metropolitan Transportation Authority, which suffered $4.8 billion in damage from Superstorm Sandy last year, obtained $200 million of protection with bonds designed to guard against wreckage linked to storm surges.A...
FEMA: $3.7B in NFIP Payments Made to N.Y. Claimants Post-Sandy
Jul 31 2013 // The Federal Emergency Management Agency announced this week that so far, nearly $3.7 billion in National Flood Insurance Program payments have been made to New York State policyholders following Superstorm Sandy. That is...
USI Appoints Senior Benefits Consultant in New York Office
Jul 31 2013 // USI Insurance Services appointed Deborah Watters as senior benefits consultant. She is based in USI’s New York metropolitan office.Deborah WattersWatters brings over 20 years of experience in the employee benefit...
Cops Beef Up Patrols for Boaters’ Party on N.Y. Lake
Jul 30 2013 // Authorities held vehicle checkpoints on land and marine patrols checking for inebriated boaters at an annual party held in a bay on a popular Adirondack lake. The party known as Log Bay Day has been held for years on the...
New York Increases Fines for Distracted Driving Violations
Jul 29 2013 // New York Governor Andrew Cuomo announced on July 26 that new and increased fines for distracted driving violations, which includes texting-while-driving or using an electronic handheld device while driving, are now in...
