Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Lost 250,000 Middle- and High-Wage Jobs Since 2008: Report
Dec 1 2011 // New York State has been shedding hundreds of thousands of well-paying jobs since the financial crisis hit and its poverty rate remains high. Since 2008, the state lost over 250,000 middle- and high-wage jobs in sectors...
Upstate New York Villages Struggle to Rebound After Irene
Nov 30 2011 // Storefronts in Schoharie, N.Y., a quaint village flooded out by Tropical Storm Irene, remain mostly empty and temporary trailers are plunked down alongside grand old homes. A bank branch is serving customers from a truck...
New York City Introduces Haiku Poetry Signs to Promote Traffic Safety
Nov 30 2011 // New York City Department of Transportation announced on Tuesday a new traffic safety campaign called “Curbside Haiku.” The department is installing 216 signs featuring colorful artwork and haiku poems at...
N.Y.-based USI Insurance Acquires Barros International
Nov 29 2011 // USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., completed the acquisition of Barros International. Barros is a Reston, Va.-based employee benefits brokerage firm...
Feds Say Farmers in Upstate New York Can Get Flood Loans
Nov 29 2011 // Federal authorities say farmers in eight upstate New York counties are primary natural disaster areas eligible for assistance recovering from tropical storm Lee. The U.S. Department of Agriculture also said 16 counties...
N.Y. Court Rules on Asbestos Defense Costs for Primary Insurer
Nov 23 2011 // A New York State court ruled last Friday that an asbestos defendant is entitled to full defense from its primary insurer for certain asbestos liabilities, with the primary insurer paying all defense costs for covered...
Officials Say Western New York Tornadoes Cost $760K
Nov 22 2011 // The Chautauqua County Office of Emergency Services says tornadoes that touched down in three western New York communities a week ago caused $760,300 in property damage. The tornadoes touched down in the village of Fredonia...
Claimed Auto Injury Losses in N.Y. Metro Area Rose 70% in 10 Years
Nov 22 2011 // Personal injury protection (PIP) claims closed in 2010 show that claimed losses for medical expenses, lost wages, and other expenses from auto accident injuries in the New York City area rose 70 percent over the past...
New York Court Allows Lawsuit Over Bogus Home Appraisals
Nov 22 2011 // New York’s highest court allowed the state Tuesday to proceed with a lawsuit that had accused First American Corp. and its eAppraiseIt unit of colluding with the former Washington Mutual Inc. to fraudulently inflate...
New York Loosens Commercial Insurance Regulations for Large Insureds
Nov 21 2011 // New York State Department of Financial Services announced on Monday that it issued new regulations to implement a recently adopted state law that deregulates most insurance business for large, sophisticated companies. The...
New York Insurance Association Elects Rice as New Chairman
Nov 21 2011 // Jeffrey Rice, president and CEO of Wayne Cooperative Insurance Company in Clyde, N.Y., was elected chair of the New York Insurance Association (NYIA) at the group’s annual meeting last week. Rice will serve a...
Starr International Files $25B Suit Against U.S. Over AIG Takeover
Nov 21 2011 // A company run by former American International Group Inc Chief Executive Maurice “Hank” Greenberg sued the U.S. government for $25 billion, calling the 2008 federal takeover of the insurer unconstitutional. The...
People
Nov 21 2011 // Holborn Corp., an independent reinsurance brokerage firm in New York, appointed two executives: Wesley Zeliff as vice president and Shinji Ueda as assistant vice president. Zeliff comes from U.S. RE Corporation, where he...
Inconsistency Is the Norm in Construction Liability Coverage
Nov 21 2011 // In construction liability insurance, there is a great deal of inconsistency in determining whether faulty workmanship is an occurrence. The answer is all over the map, according to Finley Harckham, a veteran insurance...
New York Students to See Danger of Texting While Driving
Nov 16 2011 // Students in suburban New York are getting a chance to learn the perils of distracted driving without having to worry about an accident or a traffic ticket. A texting-while-driving simulator that resembles an old-fashioned...
Merck Settles Vioxx Suits from New York, Florida, South Carolina
Nov 15 2011 // Merck & Co. has reached settlements to resolve lawsuits from the states of New York, Florida and South Carolina alleging the company misled state regulators about the dangers of the painkiller Vioxx, according to court...
Lawyers, Firms Line Up as MF Global Crumbles
Nov 14 2011 // Just days after the collapse of MF Global, a healthcare plaintiffs’ lawyer registered the domain mfglobal-lawsuit.com — a sign of the legal business the brokerage’s failure is expected to...
WRM America Completes Acquisition of Fidelity National Indemnity
Nov 14 2011 // WRM America Holding Company, a specialty lines P/C insurance and risk management holding company, completed the acquisition of Fidelity National Indemnity Insurance Company (FNIIC), the flood insurance business of Fidelity...
More New York Courts to Focus on Medical Malpractice
Nov 14 2011 // New York courts specializing in the state’s 4,000 medical malpractice cases filed each year have begun expanding following the success of a Bronx judge in settling cases early. The approach, shown to cut court...
Life Insurer Sues Bank of America Over Mortgages
Nov 10 2011 // Bank of America Corp. and its Countrywide Financial unit were on Wednesday hit with a new lawsuit alleging fraud in the sale of residential mortgage debt to a New York mutual life insurance company. National Integrity Life...
