Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
163K Nonfatal Workplace Injuries, Illnesses Reported by N.Y. Private Employers in 2011
Feb 14 2013 // Almost 163,000 nonfatal workplace injuries and illnesses were reported among New York private industry employers in 2011, according to data published today by the U.S. Bureau of Labor Statistics. That number translates to...
Insurer Reports Sandy Flood Claims Resolving Quickly
Feb 14 2013 // A bulletin by the National Flood Insurance Program helped spur quicker processing of Sandy flood-related claims. Prior to the bulletin, claims were adjusted according to the policy and guidelines established by the Federal...
Banks Sitting on $208M in Insurance Checks for N.Y. Sandy Victims
Feb 13 2013 // Nearly $208 million in insurance payments in 6,600 checks haven’t been released from banks to victims of Superstorm Sandy, according to New York Gov. Andrew Cuomo.N.Y. Gov. Cuomo says some $208 million in insurance...
U.S. Chief Claims Officer Named for Navigators Management Co. in N.Y.
Feb 12 2013 // The Navigators Group Inc. recently appointed Christopher Finneran as U.S. chief claims officer of Navigators Management Company Inc., the Group’s principal underwriting agency subsidiary. Finneran will be responsible...
N.Y.-N.J. Port Authority: Sandy Caused $2B in Damage
Feb 11 2013 // The Port Authority of New York and New Jersey will spend more than $2 billion to repair damage from Superstorm Sandy, but the agency’s executive director said last week that the ultimate financial impact should be...
Northeast Trying to Get Back on Track After Snowstorm
Feb 11 2013 // Emergency crews and residents struggled to clear roadways and sidewalks from a storm that rampaged through the Northeast, dumping up to 3 feet of snow and bringing howling winds that knocked out power to hundreds of...
Arbitrators Press Ecuador to Halt Chevron Judgment Enforcement
Feb 11 2013 // An international tribunal weighing in on Chevron Corp’s long-running legal dispute over pollution in Ecuador has found the country in violation of past orders to try to prevent enforcement of a contested $19 billion...
Northeast Blizzard Hit Like a Hurricane
Feb 10 2013 // A blizzard packing hurricane-force winds hammered the northeastern United States on Saturday, cutting power to 700,000 homes and businesses, shutting down travel and leaving at least nine people dead. The mammoth storm...
Court Says Trial Must Decide Travelers, Reinsurers Asbestos Case
Feb 8 2013 // New York state’s highest court on Thursday said a trial must determine whether Travelers Cos. deliberately structured a nearly $1 billion asbestos settlement to force its reinsurers to pay more than their fair...
N.Y.-Based Integro Acquires iTrade Unit From Navigators Management Co.
Feb 7 2013 // New York-based insurance brokerage and risk management firm Integro announced the asset purchase of iTrade — a bonds and logistics brokerage division from Navigators Management Company. Navigators Management Company...
Government Suit Against S&P Could Embolden Other Investors to Sue
Feb 6 2013 // Lawyers for Standard and Poor’s, responding to a U.S. government probe, have tried for months to show it did nothing wrong in rating exotic securities in the run-up to the financial crisis. In one meeting, the...
Central New York Man Sentenced for $1.4M Insurance Scam
Feb 6 2013 // A 66-year-old central New York man has been sentenced to 21/2 years in federal prison and ordered to pay more than $1.4 million for staging a car crash to collect insurance. The U.S. Attorney’s Office in Syracuse...
New York Recruiting Insurers for Health Benefit Exchange
Feb 5 2013 // New York has started recruiting insurance companies to provide coverage through the New York Health Benefit Exchange created under national health care reforms. The exchange says that plans must provide comprehensive...
A Living, Lurking Threat in Sandy-Hit Homes: Mold
Feb 5 2013 // Esther Tauscher stood outside her Staten Island, N.Y., home, leafing through boxes of family photos that had been steeped in storm water. She paused to point out life events — her honeymoon, holding her baby boy in a...
N.Y. Gov. Proposes to Spend Up to $400M to Buy Out Storm-Wrecked Homes
Feb 5 2013 // New York Gov. Andrew Cuomo wants to spend up to $400 million to buy and demolish homes wrecked by Superstorm Sandy and permanently preserve the land as undeveloped coastline.New York Gov. Andrew CuomoA Cuomo administration...
Confie Seguros Buys New York, Florida Agencies
Feb 5 2013 // Confie Seguros, a national personal lines insurance brokerage network, has acquired two additional agencies: Cannello Agency in Niagara, New York, and Moose Insurance in Oakland, Florida, as part of its strategy to build...
S&P Expects Government Lawsuit Over Its Pre-Crisis Credit Ratings
Feb 4 2013 // Standard & Poor’s said it expects to be the target of a U.S. Department of Justice civil lawsuit over its mortgage bond ratings, the first federal enforcement action against a credit rating agency over alleged...
New York City Announces $15M Mold Cleanup Program Post-Sandy
Feb 4 2013 // New York City is beginning a $15 million program to clean up at least 2,000 homes that became contaminated with mold after they flooded during Superstorm Sandy. The program, paid for with private donations, comes following...
Chubb to Adjust Underwriting in Northeast Post-Sandy
Feb 4 2013 // The Chubb Corp., which posted Superstorm Sandy-related pre-tax costs of $882 million in its latest earnings report, said there would be some adjustments to underwriting and pricing in the Northeast region going...
N.Y. Attorney General Offers Grants to Legal Groups Helping Sandy Victims
Feb 1 2013 // New York’s attorney general says a growing number of people are seeking legal assistance for battles with insurance companies over damage caused by Superstorm Sandy. Attorney General Eric Schneiderman said Wednesday...
