Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Attorneys Discuss Importance of Event Cancellation Insurance
Nov 26 2012 // The cancellation of the 2012 New York City Marathon was disappointing to the approximately 47,000 runners who dedicated months to training for the race, many of whom had already spent a significant amount of time and money...
China’s Ping An Considers Legal Action vs. NY Times after Family Wealth Exposé
Nov 26 2012 // China’s second-biggest insurance company has threatened to take legal action against the New York Times for reports that Premier Wen Jiabao’s relatives had accumulated massive wealth, largely through holdings...
New York Sues Credit Suisse Over Mortgage Securities
Nov 21 2012 // New York Attorney General Eric Schneiderman brought a lawsuit on Tuesday accusing Credit Suisse Group AG of deceiving investors in mortgage-backed securities. Credit Suisse, Switzerland’s second-largest bank,...
AIR Worldwide Survey Team Describes Sandy Losses in N.J., N.Y.
Nov 21 2012 // AIR Worldwide recently concluded damage survey of areas impacted by Superstorm Sandy, which made landfall on Oct. 29, five miles southwest of Atlantic City, New Jersey. On November 11, 2012, AIR teams were deployed to...
After Sandy, Uncertainty About Real Estate Market, Mortgages, Insurance
Nov 21 2012 // “Reduced for Quick Sale!” reads Mike Montalbano’s Craigslist ad for the three-bedroom home he needs to sell before he can relocate for a new job. The drywall is new, as are the appliances. The only...
Insurers Go Beyond Paying Claims for Sandy Victims
Nov 21 2012 // According to the U.S. Chamber of Commerce, Superstorm Sandy affected 16 states causing unprecedented damage to the East Coast. As a result of the storm, businesses including insurers have pledged more than $123 million to...
New York Insurance Association Elects Its 2013 Officers and Directors
Nov 20 2012 // The New York Insurance Association (NYIA) elected its 2013 officers and board of directors at the association’s annual meeting held on Nov. 15. The following officers were elected for a one-year term ending Dec. 31,...
Group Warns ACC Clauses Might Apply in Devastating Breezy Point Fire
Nov 20 2012 // When Superstorm Sandy battered the East Coast with high winds and a massive storm surge, 111 homes in the Queens, New York, neighborhood of Breezy Point were destroyed by a fast-spreading fire. This week, the Consumer...
Attorneys Discuss Possible Triggers for Business Interruption Coverage
Nov 20 2012 // Superstorm Sandy devastated residents and businesses in the tri-state area. With a nearly unprecedented two-day closure of the New York Stock Exchange, as well as week-long closures of the metropolitan area’s mass...
N.Y. Workers’ Comp Board Seeks Changes to Medical Treatment Guidelines
Nov 19 2012 // The New York State Workers’ Compensation Board has proposed new regulations to improve the medical treatment guidelines adopted in 2010. The proposed regulations, announced last week, aim to expedite the best medical...
New York Allows Out-of-State Lawyers to Help in Sandy
Nov 19 2012 // New York’s highest court has invoked a major disaster rule to allow lawyers from other states to practice in New York and help victims of Superstorm Sandy for free. The court can allow the free legal work for victims...
Ex-AIG CEO Greenberg, Starr May Appeal Dismissal of Bailout Suit
Nov 19 2012 // The Federal Reserve Bank of New York won the dismissal of former American International Group Inc. Chief Executive Maurice “Hank” Greenberg’s $25 billion lawsuit accusing it of unlawfully bailing out the...
AIR Worldwide’s Field Reports From R.I., Conn., and Long Island, N.Y.
Nov 16 2012 // In its ongoing damage survey of areas impacted by Superstorm Sandy, AIR Worldwide’s latest report describes the kinds of damage patterns caused by Sandy in coastal communities in Rhode Island, Connecticut and Long...
N.Y. Gov. Cuomo: FEMA Program Will Cover N.Y. Home Repairs
Nov 16 2012 // Federally-paid contractors will do basic repairs so tens of thousands of New York victims of Superstorm Sandy can stay in, or return to, their damaged homes during major work, New York Gov. Andrew Cuomo and federal...
Q&A With ELANY Executive Maher on Surplus-Lines Industry’s Resiliency
Nov 16 2012 // The Excess Line Association of New York (ELANY) plays a vital role for New York’s surplus-lines industry. The group, a non-profit advisory association created by the New York statute in 1988, is charged with the duty...
AIR Worldwide’s Field Report Describes Scope of Sandy’s Devastation
Nov 15 2012 // Catastrophe modeling firm AIR Worldwide published a field survey report on Wednesday, Nov. 14, detailing damages their representatives saw in some of the hardest-hit areas post-Sandy. According to AIR Worldwide,...
Q&A With Attorneys on Emerging Business Insurance Topics
Nov 13 2012 // As companies large and small grapple with losses in Sandy’s aftermath, a number of critical — and costly — business questions have emerged. Darlene Alt and Robert DiUbaldo, two experienced insurance...
Delays in Power Restoration After Storm Anger N.Y., N.J. Residents
Nov 12 2012 // Utility companies in New York and New Jersey closed in on restoring power this past Sunday to the last of the 8.5 million customers who lost it during the superstorm two weeks ago and a subsequent nor’easter storm,...
Gov. Cuomo: Superstorm Sandy Could Cost New York State $33 Billion
Nov 11 2012 // Damage and economic losses from Superstorm Sandy will cost New York state $33 billion, Gov. Andrew Cuomo said last Thursday, and come just as state government runs up a deficit. Cuomo called the estimate “a lot of...
Nor’easter Brings New Power Outages for Sandy-Battered States
Nov 9 2012 // The nor’easter that stymied recovery efforts from Superstorm Sandy pulled away from New York and New Jersey Thursday, leaving hundreds of thousands of new people in darkness after a blanket of thick, wet snow snapped...
