Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
2 New York Utilities Sued for 120 Sandy-Burned Homes
Jul 7 2013 // About 120 home owners from the tight-knit enclave of Breezy Point in Queens, New York, that was devastated by fires during Superstorm Sandy are suing two utility companies for negligence. A lawsuit filed on July 2 in state...
Insurers, State Regulators Try to Block Bank-Like Rules by Federal Reserve
Jul 3 2013 // MetLife Inc. and Prudential Financial Inc. have been joined by state regulators challenging the Federal Reserve on how to oversee the biggest insurers under the Dodd-Frank law. The insurers and watchdogs are pressuring the...
Zurich’s Broker Relationship Leader Moves to Berkshire Hathaway Specialty
Jul 3 2013 // Berkshire Hathaway Specialty Insurance — the new commercial P/C insurance unit of Berkshire Hathaway — appointed Lori Spoon Rafkin as senior vice president, customer and broker engagement. Spoon Rafkin was...
Gov. Cuomo Requests Disaster Declaration for NYS After Mohawk River Flooding
Jul 2 2013 // New York Governor Andrew Cuomo on Monday formally requested that President Obama issue a major disaster declaration for the State of New York as a result of severe storms and major flooding that occurred on June 27 and...
Swiss Re, Lloyd’s Among Insurers Probed by N.Y. on Iran Sanction
Jul 1 2013 // Swiss Reinsurance Co. and Lloyd’s of London, the world’s oldest insurance market, are among insurance companies being probed by New York’s insurance regulator about their compliance with an expanded Iran...
N.Y. Senator Gillibrand to FEMA: Review Flood Insurance Rules
Jul 1 2013 // U.S. Sen. Kirsten Gillibrand (D-N.Y.) has asked the Federal Emergency Management Agency to review rules that resulted in insurance coverage denials for some Superstorm Sandy victims. Gillibrand’s letter last week...
Confie Seguros Acquires CW Baker, Lewiston Insurance Agencies in New York
Jul 1 2013 // Hispanic market-focused insurance agency network Confie Seguros announced the acquisition of CW Baker Insurance Agency and Lewiston Insurance Agency, two providers of standard and preferred personal insurance located in...
Business Moves
Jul 1 2013 // Heffernan, Consuasor Insurance Walnut Creek, Calif.-based Heffernan Insurance Brokers recently acquired Consuasor Insurance Advisors in New York. Founded in 2006, Consuasor is a multi-lines middle market broker with...
N.Y. Attorney General Announces Conviction in Multi-Million Dollar Insurance Scheme
Jun 28 2013 // New York Attorney General Eric Schneiderman announced this week the felony conviction of an insurance fraudster who scammed no-fault insurance companies out of millions of dollars. Officials said Arthur Bogoraz pleaded...
Irving Weber Associates Names Account Executive in New York
Jun 28 2013 // Irving Weber Associates Inc. (IWA Inc.) appointed Sharon Handel as account executive. In her new role, she will focus on dry cleaning insurance and commercial launderer insurance services. Handel brings six years of...
Court Grants Scientific Article Authors, Publishers Broad Protection
Jun 28 2013 // Authors and publishers of controversial scientific articles, and the companies sponsoring those articles, won broad free speech protection from a U.S. appeals court on Wednesday. The 2nd U.S. Circuit Court of Appeals in...
Greenberg’s $25B Suit Against Government Over AIG Bailout Can Proceed
Jun 27 2013 // Maurice “Hank” Greenberg can continue his $25 billion lawsuit against the U.S. over losses from the bailout of his former company, American International Group Inc., without making claims on behalf of the...
Port Authority Police Officer Accused of Insurance Fraud in New York
Jun 26 2013 // A Port Authority police officer has been charged with insurance fraud for claiming he was disabled while moonlighting in a rock band. Authorities say Christopher Inserra defrauded the AFLAC insurance company and the Port...
Sandy-Ravaged Rockaway Peninsula in New York Receives Recovery Grant
Jun 25 2013 // A community organization in Sandy-ravaged Rockaway, Queens, has received a grant of more than $721,000 from the American Red Cross. The Friends of Rockaway will use the money to hire local plumbers, electricians and...
Ex-AIG CEO Greenberg Must Face N.Y. Suit, Appeals Court Says
Jun 25 2013 // Former American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg must face a fraud lawsuit brought by the New York attorney general, the state’s highest court ruled. The state can...
XL Group Names Regional VP for Marine in New York
Jun 25 2013 // XL Group appointed John Ellis as a regional vice president for its North America Marine business in New York. In his new role, Ellis will be responsible for managing and building XL Group’s Marine Cargo, Primary and...
Insurers Abandon Long Island After Superstorm, N.Y. Senator Schumer Says
Jun 25 2013 // Allstate Corp. is among insurers retreating from the Long Island, New York, homeowners market after superstorm Sandy and should be compelled to offer coverage there, New York Senator Charles Schumer said. Liberty Mutual...
Supreme Court Rejects Pfizer Bid for Shield From Asbestos Suits
Jun 24 2013 // The U.S. Supreme Court refused to shield Pfizer Inc. from some asbestos lawsuits connected to its Quigley Co. subsidiary, a bankrupt unit that stopped most operations in 1992. The justices today rejected Pfizer’s...
Group Applauds New York Assembly for Resolution Urging TRIA Extension
Jun 21 2013 // An insurance industry association is applauding the New York Assembly for adopting Resolution K611-2013, urging the New York State Congressional delegation to take action as soon as possible to extend the federal Terrorism...
Heffernan Acquires N.Y.-Based Consuasor Insurance Advisors
Jun 19 2013 // Walnut Creek, Calif.-based Heffernan Insurance Brokers recently acquired Consuasor Insurance Advisors in New York. Founded in 2006, Consuasor is a multi-lines middle market broker with offices in New York City and Long...
