Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Original Ledger Page for Titanic Insurance Policy Sold for $25K
May 3 2013 // The original ledger page of an insurance policy for the ill-fated Titanic was sold at a New York auction for $25,000. The insurance policy number 391550, issued by the Atlantic Mutual Insurance Company, was written on...
Key Figures on Superstorm Sandy, 6 Months Later
May 1 2013 // Superstorm Sandy, a hybrid of a hurricane and two cold-weather systems, struck six months ago on Oct. 29, concentrating most of its fury on New Jersey, New York and Connecticut and becoming one of the most expensive storms...
Top States for Metal Theft Claims
May 1 2013 // Metal theft claims have risen 36 percent in the three years since January, 2010, according to an insurance research organization. The National Insurance Crime Bureau (NICB) said it is seeing more evidence of pervasive...
New York City Sues BP for Pension Losses Over 2010 Gulf Oil Spill
Apr 28 2013 // New York City said on Friday it sued BP Plc for more than $39 million of losses it claims beneficiaries of the city’s pension funds sustained due to BP’s “misconduct and fraudulent behavior” linked...
Sandy Lesson for Business Owners: Read Policy, Keep Track of Notice Provisions
Apr 28 2013 // It’s been six months since Superstorm Sandy made its landfall on the coast of New Jersey and became one of the costliest storms ever recorded in the U.S. Many businesses in the region are still recovering from the...
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...
