Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Officials Suspend Staten Island Storm Home Repair Program
Dec 28 2012 // An initiative that sends workers into storm-damaged Staten Island homes in New York to make electrical repairs for free is being suspended because officials say it’s getting expensive.Sandy survivors in Staten Island...
N.Y. Agency Owner Charged With Issuing Fraudulent Certificates of Insurance
Dec 28 2012 // Authorities said a New York-based insurance agency owner has been charged with allegedly issuing fraudulent certificates of insurance. The New York State Police announced on Dec. 22 that Walter Davis, the owner of W. Davis...
U.S. Apppeals Court Revives Workplace Cybertheft Claim
Dec 27 2012 // In a decision that could make it easier for businesses to police cybertheft in the workplace, a U.S. appeals court revived a chemical company’s lawsuit accusing a former Toronto-area employee of using her home...
Up to $25 Million in Sandy Losses for N.Y.-Based Navigators Group
Dec 26 2012 // The Navigators Group Inc. announced on Dec. 21 that its preliminary estimate of losses relating to Superstorm Sandy ranges between $18 million and $25 million, net of reinsurance and the effects of reinstatement premiums....
Attorneys Discuss Liability Insurance Coverage for Sandy Litigation
Dec 21 2012 // Homeowners, businesses, and municipalities in the tri-state area continue to rebuild and rebound from Superstorm Sandy. Often, large-scale devastation and destruction are followed by lawsuits against individuals and...
XL Group’s Marine Unit Boosts Underwriting and Claims Staff in N.Y.
Dec 20 2012 // XL Group plc’s North American marine business is expanding its blue water hull risk management capabilities in New York with the addition of Siobhan Coen and Jeff Loechner as senior underwriters and Eileen Fellin as...
New York City Panel Meets to Mull Storm-Resilient Buildings
Dec 20 2012 // Architects, engineers, real estate experts and lawmakers are gathering to discuss how to make New York City buildings better able to withstand storms and global warming. The city’s Building Resiliency Task Force met...
Senate Republicans Move to Cut Sandy Aid to $24 Billion
Dec 20 2012 // U.S. Senate Republicans sought to slash a $60.4 billion aid bill to cover reconstruction after Superstorm Sandy, proposing on Wednesday to fund only $23.8 billion in immediate disaster relief while assessing longer-term...
Carriers ‘Uncertain’ About California Workers’ Comp Reform
Dec 19 2012 // Editor’s Note: This is the fourth in a series of articles to look at California’s workers’ compensation reform law, which takes effect Jan. 1, 2013. Insurance carriers, along with the many stakeholders...
N.Y. Gov. Vetoes Supplemental Uninsured/Underinsured Motorists Bill
Dec 19 2012 // New York State Governor Andrew Cuomo this week has vetoed a bill concerning the Supplemental Uninsured/Underinsured Motorists (“SUM”) coverage. Gov. Cuomo struck down the bill, S.7787/ A.10784, this Monday,...
N.Y.-Based Holborn Taps Guy Carpenter Exec as Senior VP
Dec 17 2012 // Holborn Corp., an independent reinsurance brokerage based in New York, announced that Simon Hudson has joined the firm as senior vice president. He will be based in the firm’s New York City office. Previously, Hudson...
Slow Pace of Flood Repairs a Concern in New York City
Dec 17 2012 // As winter approaches, construction crews in New York are in a race against the clock to make thousands of houses damaged by Superstorm Sandy habitable again, and the slow pace of progress has led some people to urge...
Houseless After Sandy, Until the Insurance Money Kicks In
Dec 17 2012 // It took one day for Superstorm Sandy to destroy my house. So far, it’s taken more than a month for insurance to help me get back in. The last time I slept in my own home was October 27, two days before Superstorm...
After Sandy, New York City Eyes Moving Power Gear Higher
Dec 14 2012 // A major push is on to move New York City’s electrical infrastructure to higher ground or upper floors after Superstorm Sandy sent seawater pouring into low-lying substations and skyscraper basements and plunged half...
IICF Northeast Division Awards Record Total of Grants
Dec 13 2012 // The Insurance Industry Charitable Foundation (IICF) Northeast division made its largest-ever distribution of charitable grants at its sixth annual benefit dinner on Wednesday, Dec. 12. The total amount of awarded grants is...
N.Y. Banks, Lenders to Expedite Insurance Payments to Homeowners
Dec 13 2012 // New York Gov. Andrew Cuomo announced Wednesday that major banks and mortgage servicers will take action to expedite insurance payments to New York homeowners in the wake of Superstorm Sandy. Currently, insurance claim...
Report Shows Increasing Concentrations of Insured Property Values in U.S.
Dec 13 2012 // Insured building values in the U.S. now exceed $40 trillion — including residential, commercial and industrial structures, according to a new report from catastrophe modeling firm Karen Clark & Co. When contents...
States Plan to Sue EPA Over Greenhouse Gas Regulations
Dec 12 2012 // A coalition of seven eastern states led by New York plans to sue the U.S. Environmental Protection Agency for failing to issue new guidelines to curb methane emissions, a greenhouse gas that may be linked to climate...
U.S. SEC Charges N.J.-based Consultant with Fraud in Chinese Reverse Mergers
Dec 12 2012 // U.S. securities regulators charged a New Jersey-based consultant on Tuesday with defrauding investors in the China-based companies he helped make public through a backdoor method known as a “reverse...
N.Y. Gov. Weighs Supplemental Uninsured/Underinsured Motorists Bill
Dec 11 2012 // A New York State bill concerning the Supplemental Uninsured/Underinsured Motorists (SUM) coverage has recently been delivered to New York Gov. Andrew Cuomo, who has until the middle of next week to either sign or veto the...
