Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Citigroup Settles Securities Lawsuit for $590M
Aug 30 2012 // Citigroup Inc. agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial...
Ohio’s Norman-Spencer Agency Acquires N.Y.-Based Keenan Marine Agency
Aug 29 2012 // Dayton, Ohio-based Norman-Spencer Agency Inc. has acquired New York-based Keenan Marine Insurance Agency LLC. Keenan Marine is a national specialty yacht insurance agency and has provided comprehensive solutions to yacht...
Ex-NFL Player John Mott Sues in N.Y. for Head Injury
Aug 29 2012 // Former NFL player John Mott has sued the league in federal court in New York, saying it failed to warn players about the dangers of head injuries. Mott joined several thousand other retired NFL players and some of their...
After the Rain: Irene’s Lessons to the East Coast
Aug 28 2012 // Antonia Schreiber is taking no chances on the next big storm. The remnants of Hurricane Irene turned the 200-year-old building that housed her Catskill Mountains spa boutique into a muddy mess a year ago in Windham, N.Y....
New York Teen With Cerebral Palsy Wins Multi-Million Dollar Lawsuit
Aug 27 2012 // The family of a Staten Island teen suffering from cerebral palsy won a multi-million dollar lawsuit filed against the hospital where the girl was born. The New York Post reports the family of Stephanie Debes won the suit...
Markel Executive Joins Aspen US Insurance in New York
Aug 24 2012 // Aspen US Insurance has appointed Richard Aldorisio as executive vice president of casualty insurance. He will be based in New York City. In his new role, Aldorisio will head the casualty insurance unit, which now includes...
N.Y. Distributed $574M in Post-Hurricane Irene, TS Lee Aid So Far
Aug 24 2012 // New York State Gov. Andrew Cuomo on Thursday marked the upcoming one-year anniversary of Hurricane Irene and Tropical Storm Lee by issuing a comprehensive report – “NY Responds.” The report says more than...
New York Fed Sells Last of Its AIG Assets, Ending Ties with Insurer
Aug 23 2012 // The Federal Reserve Bank of New York brought to a close another chapter in the government’s taxpayer-funded bailouts of 2008 with the sale of its remaining assets of insurer American International Group, the bank...
New York Gov. Cuomo Vetoes State Agency Mailing Bill
Aug 23 2012 // New York Gov. Andrew Cuomo vetoed a bill (S.6285-A/A.9034B) last Friday that would have banned state agencies from disseminating ads to the public for products that relate to the subject matter of the agency — such...
N.Y.-Based Reinsurer Southport Re Appoints Chief Actuarial Officer
Aug 23 2012 // Southport Lane, a New York-based private equity firm, has appointed Jim McNichols as chief actuarial officer of its reinsurance group, Southport Re. In this new position, McNichols will be responsible for supporting...
Travelers Sues NFL Over Ex-Players’ Brain Injury Lawsuits
Aug 22 2012 // Several subsidiaries of Travelers Companies Inc. sued the National Football League and a host of other insurers, seeking to avoid paying to defend the league against a wave of brain injury-related claims by thousands of...
Macy’s Sues J.C. Penney in N.Y. Over Martha Stewart Deal
Aug 21 2012 // Macy’s Inc. is suing rival retailer J.C. Penney Co., claiming Penney’s bid to sell products by Martha Stewart Living is a breach of an exclusive contract held by Macy’s and could cost it potentially...
N.Y. Man Harnesses Social Media to Protest Against Progressive
Aug 15 2012 // Progressive Corp. is getting a lot of attention in the social media world this week. But it’s clearly not the kind of attention the insurer wants to get. On Monday, a New York-based comedian named Matt Fisher posted...
Standard Chartered Reaches $340 Million Settlement in New York over Iran
Aug 15 2012 // Standard Chartered Plc agreed to pay $340 million to New York’s bank regulator over transactions linked to Iran, in a speedily arranged deal that helped push up the emerging market-focused lender’s shares. The...
N.Y. Businessman Charged With $10M Insurance Fraud Scheme
Aug 14 2012 // A businessman who owned fleets of commercial vehicles in New York is accused of defrauding insurers of at least $10 million. The defendant, Scott Sanders, is charged with submitting fraudulent insurance applications to get...
Aon Hewitt Hires Lead Health and Benefits Strategist in New York
Aug 13 2012 // Aon Hewitt, the global human resource consulting business of Aon plc, recently hired John Asencio as senior vice president in the New York office. In his new role, Asencio will serve as the lead health and benefits...
Disabled Drivers in N.Y. Pay 28% More for Auto Insurance, Study Says
Aug 13 2012 // A new study found that drivers with disabilities in New York City pay 28 percent more for their auto insurance on average compared to non-disabled individuals. The study says that vehicles modified to accommodate disabled...
N.Y.-Based Preferred Concepts Hires Senior Property Underwriter
Aug 13 2012 // Preferred Concepts LLC, a program underwriter and specialty insurance broker based in New York City, has appointed Robert Lynch as senior vice president and senior property underwriter for its Preferred underwriting...
N.Y.-Based Broker Sterling & Sterling, Hyde Agency Form Joint Venture
Aug 10 2012 // Sterling & Sterling Inc. an insurance broker based in Woodbury, N.Y., and The Hyde Agency, a specialty surety bond broker in New York City, are forming a joint venture under the name SterlingHyde Group. This new...
N.Y. Cardinal Suing Obama Over Birth Control Coverage Invites Him to Dinner
Aug 9 2012 // New York’s Roman Catholic cardinal is suing the Obama administration, but he’s inviting President Barack Obama to dinner anyway. The Archdiocese of New York said Tuesday that Cardinal Timothy Dolan has asked...
