Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
HSBC to Pay Record $1.9 Billion U.S. Fine to Settle Money Laundering Case
Dec 11 2012 // HSBC Holdings Plc has agreed to pay $1.92 billion to settle a multi-year U.S. criminal probe into money-laundering lapses at the British lender, the largest penalty ever paid by a bank. HSBC admitted to a breakdown of...
New York Superstorm Warnings Went Unheeded for Decades, Observers Say
Dec 9 2012 // More than three decades before Superstorm Sandy, a state law and a series of legislative reports began warning New York politicians to prepare for a storm of historic proportions, spelling out scenarios eerily similar to...
Cook, Hall & Hyde Completes Merger With Maran Corporate Risk in N.Y.
Dec 6 2012 // Two insurance brokerages in the Metro New York region — Cook, Hall & Hyde and Maran Corporate Risk Associates — finalized their merger that was initially announced in September.The employees of Cook Maran and...
Surge in New York City Fires After Superstorm Sandy
Dec 5 2012 // The Fire Department of the City of New York (FDNY) responded to about 37 percent more fires last month.Over 100 houses in Breezy Point, N.Y., burned to the ground as flood waters isolated the community from fireman. U.S....
Commentary: Houseless After Sandy, Until the Insurance Money Kicks In
Dec 5 2012 // (The author is a Reuters contributor. The opinions expressed are her own.) 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...
