Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Reaches Settlement With Assurant, Largest ‘Force-Placed’ Insurer in U.S.
Mar 21 2013 // The New York State Department of Financial Services investigation has produced a settlement with the country’s largest “force-placed” insurer, Assurant Inc. New York Gov. Andrew Cuomo, who announced the...
N.Y. Regulators Identify 10 Banks With Worst Sandy Aid Statistics
Mar 20 2013 // New York Gov. Andrew Cuomo and the state’s Department of Financial Services announced the “bottom 10” banks with the worst statistics for paying out insurance claims to Superstorm Sandy victims. Officials...
New Empire Group Names Head of Inland Marine Department in New York
Mar 19 2013 // New Empire Group announced that inland marine specialist Donard Reilly has joined the firm as a senior vice president and will head the newly-formed inland marine department. Reilly brings over 25 years of inland marine...
Aon’s New York Office Appoints Middle-Market Sales Leader
Mar 19 2013 // Aon plc, a global provider of risk management, insurance and reinsurance brokerage, and HR consulting and outsourcing services, announced the addition of Vincent Gandolfo as middle-market sales leader for the Greater New...
Court Throws Out Class Action Against JP Morgan Over Clearing Broker
Mar 18 2013 // A U.S. federal appeals court on Friday threw out a class action lawsuit against JPMorgan Chase & Co., making it easier for companies that clear trades to avoid being accountable to investors who are defrauded by their...
Navigators Group to Move HQ From New York to Connecticut
Mar 18 2013 // The Navigators Group, a specialty insurance holding company, confirmed on March 15 that it plans to move its corporate headquarters from Rye Brook, N.Y., to Stamford, Conn., promising to add 200 jobs in Connecticut within...
N.Y. Gov. Cuomo: Banks Release $112M to Sandy Victims
Mar 18 2013 // New York Gov. Andrew Cuomo’s administration says banks and mortgage service companies have released $112 million in insurance checks intended for victims of Superstorm Sandy, but delayed by bureaucracy. The New York...
NYC Council Tightens Safety Rules for Post-Sandy Home Elevation Work
Mar 15 2013 // The New York City Council has approved new safety rules and procedures this week concerning the city residents’ home elevation projects following Superstorm Sandy. The city council said these rules were prompted in...
GEICO Appoints AVP to Lead PIP Staff Counsel Operation in New York
Mar 14 2013 // GEICO, a Chevy Chase, Md.-headquartered auto insurance unit of Berkshire Hathaway, said Richard Solowan has been named assistant vice president of the GEICO companies. In his new role, Solowan will be responsible for the...
Sirius XM Sues D&O Insurers, Seeks to Recoup Post-Merger Defense Costs
Mar 14 2013 // New York-based satellite radio services company Sirius XM Radio Inc. filed a lawsuit against two directors and officers insurers last week. Sirius XM alleges XL Specialty Insurance Co. and U.S. Specialty Insurance...
New York State Releases Plans for $1.7B in Sandy Funds
Mar 14 2013 // New York Gov. Andrew Cuomo announced statewide plans Tuesday to use $1.7 billion in federal storm-damage funds for home repairs, government buyouts of property in flood-prone areas, low-interest loans, flood-prevention...
N.Y. Proposes Establishing Private Right of Action for Insureds Suffering Disaster Losses
Mar 13 2013 // A New York legislator proposed a new bill that would establish a private right of action for the insured for unfair insurance settlement practices when the claim relates to loss or injury in regions where the governor has...
N.J. Commissioner Commends Banks for Accelerating Payments of Insurance Proceeds
Mar 12 2013 // New Jersey’s top insurance regulator this week commended the actions of New Jersey community banks, national banks and servicers — including Wells Fargo Bank, JPMorgan Chase, Bank of America, and CitiMortgage....
New York State Psychiatric Association Files Suit Against UnitedHealth
Mar 12 2013 // The New York State Psychiatric Association and consumers with health insurance from UnitedHealth Group Inc on Monday sued the company over mental health benefits, saying it had not provided the treatments that federal and...
New York’s Fracking Health Study Results Likely Years Off
Mar 11 2013 // A health study cited by leading environmentalist Robert F. Kennedy Jr. as pivotal in helping persuade Gov. Andrew Cuomo to hold off on plans for limited gas drilling is likely years away from conclusions about whether the...
Sandy-Damaged Homes Hit Market at Bargain Prices
Mar 11 2013 // It sounds like the premise for a new reality TV series: “Hurricane House” — people scouring waterside communities looking to buy homes damaged by Superstorm Sandy at a deep discount. While there are...
Conn., N.J. and N.Y. Lawmakers Decry Sandy Cuts
Mar 11 2013 // Three Democratic members of Congress from Connecticut, New Jersey and New York are voicing concerns about automatic federal budget cuts that will trim federal Superstorm Sandy aid. In a conference call on Friday, March 8,...
Arkansas Gun Maker Limits Law Enforcement Sales as Protest
Mar 11 2013 // Wilson Combat, an Arkansas-based maker of custom firearms, is joining other small manufacturers across the county in adopting no sale policies to law-enforcement agencies in states that adopt strict laws on gun...
Marsh & McLennan Companies Appoints Treasurer in New York
Mar 11 2013 // Marsh & McLennan Companies Inc. announced the appointment of Helen Shan as vice president and treasurer. She is based in New York. Shan’s appointment is effective April 15. In her new role, she will oversee all...
N.J., N.Y. to Offer Mediation Option for Disputed Sandy Claims
Mar 11 2013 // New Jersey Gov. Chris Christie announced on Feb. 25 his administration would offer a mediation program to Sandy victims who are still in dispute with their insurers. Christie said his administration is establishing a new...
