Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
After Irene and Lee in 2011, Some Families Still Displaced in New York
Apr 23 2013 // Amy and Bill Wetsel’s house near the Schoharie Creek is still empty and stripped down to wall studs. More than 19 months after the deluge of Tropical Storm Irene, their family still pays rent on another house and...
Hundreds of Cars Unclaimed in Sandy to Be Auctioned in New York
Apr 23 2013 // More than 500 BMWs, Cadillacs, Toyotas and other vehicles damaged and towed during Superstorm Sandy remain unclaimed and will be auctioned off next month, New York City officials said. The city is working with auction...
Zurich American to Refund $4.56M to Disability Policyholders in New York
Apr 23 2013 // New York Gov. Andrew Cuomo announced that Zurich American Insurance Company has agreed to refund $4.56 million to policyholders of its New York statutory disability insurance policies because the insurer failed to spend at...
N.Y. Regulator Lists New Financial Issues of Concern
Apr 23 2013 // New York financial regulators have begun focusing on issues including the independence and integrity of monitors installed at banks and other companies after regulatory violations or crimes. In an economic address last...
I.I.I. : 93% of New Jersey/New York Sandy Claims Settled
Apr 22 2013 // Insurance regulators in New Jersey and New York — the two states hardest-hit by Superstorm Sandy — report that insurers have settled 93 percent of the claims they received in the wake of Sandy, according to the...
Cuomo: N.Y. Workers’ Comp Reform to Bring $800M Savings
Apr 22 2013 // New York Gov. Andrew Cuomo said on April 8 that employers in the state are poised to save some $800 million annually, thanks to reforms in the state workers’ comp system that were included in the recently passed...
Business Moves
Apr 22 2013 // Tower Group, Canopius Tower Group Inc. closed its merger with Canopius Holdings Bermuda Ltd. Tower becomes an indirect, wholly-owned subsidiary of Canopius Bermuda, which will change its name effective at the closing to...
Farmers to Close 21st Century Insurance Call Center in N.Y.
Apr 19 2013 // Los Angeles-based Farmers Insurance Group is continuing its integration effort with 21st Century Insurance, an auto insurance company it acquired from American International Group for approximately $1.9 billion in...
2 Former Willis Execs to Lead Towers Watson’s Crisis Management Team in N.Y.
Apr 19 2013 // Global professional services company Towers Watson hired two brokerage executives for its crisis management business in the U.S. Towers Watson, headquartered in New York, said Corina Müller Monaghan and Steve Robinson are...
New York Family Awarded $130M in Medical Malpractice Lawsuit
Apr 19 2013 // A Long Island, N.Y., family has been awarded $130 million in a malpractice lawsuit. The parents of Shannon Reilly of Bayport had sued St. Charles Hospital and Rehabilitation Center in Port Jefferson. They claimed her...
Google Again Beats Viacom in YouTube Copyright Case
Apr 19 2013 // A federal judge has thrown out Viacom Inc.’s lawsuit accusing Google Inc. of posting its programs on YouTube without permission, a year after a federal appeals court had revived the landmark copyright infringement...
N.Y. Reaches Settlement With QBE Over ‘Force-Placed’ Insurance Business
Apr 18 2013 // New York officials announced this morning that a New York State Department of Financial Services (DFS) investigation produced an additional settlement with a major “force-placed” or “lender-placed”...
Nearly 95% of N.Y. Sandy Claims Closed, Insurers’ Response Report Card Shows
Apr 17 2013 // New York State regulators’ latest Sandy response report card shows that almost 95 percent of Superstorm Sandy-related personal and business insurance claims in the state have now been closed. The report card, which...
NYC Stays Alert as Precaution; Mayor Rides Subway
Apr 17 2013 // Police armed with rifles and extra patrol cars were stationed around the city Tuesday as New York remained in a heightened state of alert until more is known about the bombings at the Boston Marathon. The major focuses...
Ascot Underwriting to Open Office in New York City
Apr 17 2013 // Ascot Underwriting Ltd. announced that its office in New York, led by Paul Amrose, Chief Underwriting Officer Ascot Fac, will open for business on the 20th of May, when he and his team will relocate from Hartford to the...
Gun Liability Insurance Measures Facing Uphill Battle in State Legislatures
Apr 12 2013 // While lawmakers in most states have introduced measures in their current legislative sessions that address gun control and gun liability issues, their approaches vary widely, largely depending on the area of the country in...
Cuomo: Workers’ Comp Reform to Bring $800M Savings to N.Y. Employers
Apr 10 2013 // New York Gov. Andrew Cuomo said this week that employers in the state are poised to save some $800 million annually, thanks to reforms in the state workers’ compensation system that were included in the recently...
In New York, Sandy Cleanup Work in 3 Long Island Towns Probed
Apr 10 2013 // The Suffolk County district attorney’s office has issued subpoenas to three Long Island towns as it investigates how local governments spent tens of millions of taxpayers’ money on Sandy cleanup. According to...
Lawsky Urges Fellow Regulators to Reform Force-Placed Insurance Market
Apr 9 2013 // New York Financial Services Superintendent Benjamin Lawsky, whose department reached a settlement with the country’s largest “force-placed” or “lender-placed” insurer Assurant last month, is...
Bond Insurer’s Settlement with IRS Puts It on Track to Emerge from Bankruptcy
Apr 9 2013 // Ambac Financial Group Inc. on Monday said it has reached a $101.9 million settlement of a dispute with the Internal Revenue Service, a key step in the bond insurer’s effort to emerge from bankruptcy. The settlement...
