Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
BMS Group Exec Joins New York-Based U.S. RE as Senior VP
Jun 6 2012 // Pearl River, N.Y.-based global reinsurance broker U.S. RE Corporation appointed Victor Marques as senior vice president. U.S. RE said Marques brings more than 25 years in the field to his new role at the company’s...
Claims Against MF Global’s Corzine, Other Executives May Depend on Insurance
Jun 5 2012 // Jon Corzine failed to address MF Global Holdings Ltd.’s growing liquidity needs as he tried to build the commodities broker into a global investment powerhouse, helping create the conditions that led to its downfall,...
Global Downturn Puts Investors, Companies in Retreat
Jun 5 2012 // Gripped by fears that Europe’s debt crisis is driving the world economy into a ditch, companies are delaying plans to raise capital and canceling deals, while investors are taking refuge in cash or any other place...
William Gallagher Exec Joins First Niagara Risk Management in New York
Jun 4 2012 // First Niagara Risk Management, the Buffalo, N.Y.-based insurance brokerage subsidiary of First Niagara Bank, appointed Kirk Jensen as managing director and senior executive. Jensen’s 25-year career in the insurance...
Business Moves – East
Jun 4 2012 // W.R. Berkley Greenwich, Conn.-headquartered W. R. Berkley Corp. announced that it formed a new marine division of its Berkley Offshore Underwriting Managers operating unit. Through its New York office, Berkley Offshore...
N.Y. Comp Insurance Rating Board Seeks 11.5% Rate Hike
Jun 4 2012 // The New York Compensation Insurance Rating Board (NYCIRB) submitted to the Department of Financial Services on May 17 a loss-cost filing for an overall average loss cost change of +11.5 percent. The change in loss cost...
People – South Central
Jun 4 2012 // Richard Knabb, the tropical weather expert at The Weather Channel, will be the next chief of the National Hurricane Center. Knabb started working at the hurricane center in 2001. He was a senior hurricane specialist at the...
How States Rank Injury Prevention
Jun 4 2012 // When it comes to preventing injury, California and New York states rank the highest. On a set of 10 steps states can take to prevent injuries, 24 states scored a five or lower. Two states, California and New York, received...
N.Y. Holds Hearings on ‘Force-Placed’ Insurance
Jun 4 2012 // Premiums for so-called force-placed insurance have more than tripled since 2004, producing enormous profits for insurers and the banks that take out policies when a homeowner fails to maintain coverage required by the...
People – Southeast
Jun 4 2012 // Sarasota, Fla.-headquartered property/casualty insurer FCCI Insurance Group (FCCI) recently expanded into Maryland and has hired Jeanine Ferritor as a senior marketing underwriter to develop FCCI’s independent agency...
Feds Shut Down 26 Bus Operators in Safety Crackdown
Jun 1 2012 // Twenty-six bus operations that transported more than 1,800 passengers a day along Interstate 95 between New York and Florida have been closed for safety violations in what federal officials say is the government’s...
N.Y.-Based PIA Management Services Hires Government Affairs Counsel
May 31 2012 // PIA Management Services Inc. in Glenmont, N.Y., hired Bradford Lachut as government affairs counsel for its government and industry affairs department.Bradford LachutIn his new role, Lachut serves as in-house counsel,...
NYC Publishes New Edition of ‘Ready New York’ Hurricane Guide
May 31 2012 // New York City’s Office of Emergency Management has published a new edition of its hurricane guide.The new hurricane guide is available for free download from nyc.org.Titled “Ready New York: Hurricanes and New...
Dewey & Leboeuf Files for Chapter 11 in Record U.S. Law Firm Collapse
May 29 2012 // The crippled law firm Dewey & Leboeuf LLP filed for chapter 11 bankruptcy protection Monday night and will seek approval to liquidate its business after failing to find a merger partner, marking the biggest collapse...
Fallout from Dewey Law Firm Collapse Hits Insurers, Other Clients
May 29 2012 // For eight years, hundreds of victims of militant attacks in Israel have pursued litigation against a Jordanian bank they claim provided financial services to Hamas and other militant groups. Now the plaintiffs have a new...
Ex-General Re, AIG Execs May Settle Criminal Case
May 29 2012 // Four former executives at Berkshire Hathaway Inc.’s General Re Corp. and one at American International Group Inc. are in talks to settle a long-running criminal case accusing them of engineering a reinsurance...
N.Y. Rail Workers in Disability Scam May Be Eligible for Amnesty
May 24 2012 // Long Island Rail Road retirees who faked disability claims in order to get more lucrative pensions would avoid prosecution and be able to keep some benefits if they admit wrongdoing under a deal with the federal...
How States Rank in Injury Prevention
May 24 2012 // On a set of 10 steps states can take to prevent injuries , 24 states scored a five or lower. Two states, California and New York, received the highest score of nine out of a possible 10, while two states scored the lowest,...
FBI: 10 More Charged in N.Y. Long Island Rail Road Pensions Case
May 23 2012 // The FBI said it has arrested 10 more people as part of its months-long investigation into allegations that hundreds of Long Island Rail Road employees faked disabilities so they could enjoy more lucrative pensions. Six...
Safety Report Cites Lack of Progress in Reducing Motorcyclist Deaths
May 22 2012 // Last year saw little to no progress in reducing the number of fatal motorcycle crashes around the country, making this one of the few areas in highway safety where progress has been disappointing. The Governors Highway...
