Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Gov. Cuomo Says State to Cover More Flood Costs
Apr 13 2012 // New York Gov. Andrew Cuomo says the state will cover more local costs for recovery from the storms that flooded parts of New York last summer. His office says the state will make $61 million available to 25 counties to...
New York Auditors Cite Medical Insurance Overpayments
Apr 13 2012 // State auditors say the New York State Health Insurance Program erroneously paid up to $11 million for special items like implants, drugs and evaluation procedures for public employees that were not provided. Comptroller...
GEICO Appoints 2 Vice Presidents in New York Regional Offices
Apr 12 2012 // GEICO, a Chevy Chase, Md.-headquartered auto insurance unit of Berkshire Hathaway, appointed two vice presidents in New York regional offices. John Pham has been named vice president of GEICO’s Woodbury, N.Y.,...
N.Y. Court Ruling May Open Door for More Asbestos Suits Against Pfizer
Apr 11 2012 // A New York federal appellate court ruling yesterday could allow more asbestos liability suits to proceed against pharmaceutical giant Pfizer. The appellate court’s decision affirms the previous ruling last year from...
Firefighters Battle a Series of Brushfires in Northeast
Apr 11 2012 // Dry conditions and high winds have triggered a number of brushfires in Northeastern states in past few days. Here is a roundup of stories from the Associated Press. New York New York State park rangers are battling a brush...
Reebok, Nike Settle Suit Over Tebow Apparel Sales
Apr 10 2012 // Reebok International Ltd. agreed to settle a lawsuit by rival Nike Inc. and will stop selling New York Jets football apparel with the name of the team’s popular new quarterback, Tim Tebow. According to settlement...
Worldwide Facilities Acquires N.Y.-based Wholesaler Privett
Apr 10 2012 // Worldwide Facilities, a Los Angeles-based independent surplus-lines broker and managing general agency, acquired assets of Privett Special Risk Services, a New York City-based wholesaler. Privett Special Risk Services was...
N.Y. Judge Approves Deal Over Tunnel Minority Hiring
Apr 9 2012 // A New York judge has approved the $7.5 million settlement of civil fraud claims over minority hiring against two construction companies building a tunnel connecting the Long Island Rail Road to Grand Central...
New Jobs Act Does Not Reduce Management Liability
Apr 9 2012 // Any U.S. corporate executives who think they can use the Jobs Act’s relaxed rules for public listing to cut corners on accounting and disclosure may want to think again. The Act, signed into law by President Barack...
Force-Placed Insurers on Hot Seat as N.Y. Regulators Expand Probe
Apr 6 2012 // New York regulators are expanding their investigation into the so-called force-placed insurance that target homeowners in financial distress. Benjamin Lawsky, the state’s superintendent for the financial services...
A Chartis Underwriter Joins Great American Insurance’s N.Y. Office
Apr 6 2012 // Cincinnati, Ohio-headquartered Great American Insurance Group said its environmental division appointed Eric McCabe as divisional assistant vice president for its newly opened New York City office. McCabe joins Great...
N.Y. Attorney General Warns Homeowners About New Mortgage Scams
Apr 5 2012 // New York’s attorney general is warning homeowners to be alert for phone calls from people posing as bank or government officials to get personal information through bogus offers of help with their mortgages. Eric...
160-Year Old Hanover Retaking Its Place as P/C Industry Leader
Apr 3 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 billion heavily...
Great American Insurance Group Opens Regional Office in New York
Apr 3 2012 // Great American Insurance Group’s environmental division opened a regional office in New York City. The expansion complements the environmental division’s home office located in Plymouth Meeting, Penn., and its...
New York County Hosts Open House for Last Year’s Flood Victims
Apr 3 2012 // Broome County Executive Debbie Preston in New York recently hosted an open house to help local residents who are still suffering from last year’s flooding. People took part in a open house for flood survivors at...
Ryan Specialty Group to Acquire WKFC Underwriting Managers in New York
Apr 3 2012 // Chicago-based Ryan Specialty Group said its subsidiary RSG Underwriting Managers is acquiring WKFC Underwriting Managers in New York. Terms of the transaction were not disclosed.Ryan Specialty Group CEO Patrick G....
N.Y. Agency Groups Will Not Appeal Recent Disclosure Ruling
Apr 2 2012 // It looks like the courtroom battle has ended for New York State’s broker compensation disclosure regulation. In March, the New York appeals court agreed with the lower court and said insurance regulators were within...
Judge Throws Out Investor Lawsuit Against Bank of America Over Mortgages
Mar 30 2012 // Bank of America Corp. on Thursday won dismissal of a lawsuit by investors who wanted the bank to buy back mortgage loans that underlie more than $1.06 billion of securities. The case is tied to risky home loans issued by...
N.Y.-based Gill & Roeser Bought Out by Two Executives
Mar 29 2012 // Two senior Gill & Roeser executives acquired reinsurance intermediary Gill & Roeser Inc. and Gill & Roeser Holdings Inc., a registered broker/dealer, financial advisory and investment banking firm. Terms of...
Nix the Tape on Home Windows, Say Hurricane Officials
Mar 29 2012 // Officials with the National Hurricane Center had a message this week for residents living in hurricane-prone areas: Don’t tape your windows. Center officials are joining with a consumer advocate group at the National...
