Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Appeals Court Delays SEC-Citigroup Securities Fraud Case
Dec 28 2011 // The U.S. Securities and Exchange Commission won a delay in its securities fraud lawsuit against Citigroup Inc, as the regulator tries to appeal a judge’s decision to reject its $285 million settlement with the...
BNY Mellon Settles N.Y. Probe Involving Insurer’s Debt Security Sale
Dec 27 2011 // The Bank of New York Mellon Corp. will pay $1.3 million to three states to settle an investigation into manipulative trading of auction rate securities facilitated by employees at one of the company’s subsidiaries,...
New York Judge: Iran, Taliban, al-Qaida Liable for 9/11
Dec 27 2011 // A federal judge has signed a default judgment finding Iran, the Taliban and al-Qaida liable in the Sept. 11, 2001 terrorist attacks. Judge George Daniels in Manhattan signed the judgment last Thursday, a week after hearing...
Barclays Hires Insurance Chief for North America, Based in New York
Dec 22 2011 // Barclays Corporate appointed Karla Maloof as New York-based head of insurance for North America. In her new role, she will be responsible for developing and leading the regional strategy for the insurance sector. She will...
Brain-Damaged Woman to Get $7M From New York County
Dec 22 2011 // Erie County will pay $7 million to settle a lawsuit filed by a woman who suffered brain damage after she nearly drowned in a public pool two years ago. The Buffalo News reported on Wednesday that the payment will settle...
Allstate Files $6.3M Insurance Fraud Case Against 83 N.Y. Defendants
Dec 22 2011 // Allstate Insurance Company is seeking to recover $6.3 million against 83 New York area defendants in its seventh insurance fraud lawsuit of 2011. The complaint, filed under the Racketeer Influenced and Corrupt...
N.Y. Court: AG Enforcement Doesn’t Pre-empt Private Securities Suits
Dec 21 2011 // Enforcement by the state attorney general against securities fraud doesn’t pre-empt private common-law claims of negligence against investment companies, New York’s top court ruled Tuesday. The Court of Appeals...
Insurance Charity Foundation Raises $1.2M at This Year’s Charity Event
Dec 21 2011 // The Insurance Industry Charitable Foundation (IICF) New York/Northeast division had a packed charity dinner event this year. The event was held on Dec. 14 at the Waldorf-Astoria Hotel in New York. It drew more than 900...
New York, Federal Office to Cooperate in Mortgage Probes
Dec 20 2011 // New York and federal officials will cooperate in investigations of banks bundling mortgages into troubled securities that helped cause the 2008 Wall Street collapse. Attorney General Eric Schneiderman and Steve Linick, the...
Alliant Insurance Services Appoints Vice President in New York Office
Dec 20 2011 // California-based specialty insurance broker Alliant Insurance Services appointed Scott Ernst as New York-based vice president of T&H Brokers, a subsidiary. Ernst is an industry veteran, bringing more than 24 years of...
Maurice ‘Hank’ Greenberg Wins Leadership Award From Yale University
Dec 20 2011 // Maurice R. Greenberg, Chairman and CEO of Starr Companies, was awarded the Lifetime of Leadership Award from the Yale Chief Executive Leadership Institute, Yale School of Management. The Starr Companies chief received the...
XL Hires Another ACE Executive for Its New York Team
Dec 20 2011 // XL Group’s North America primary casualty group appointed industry veteran Jay Lefkowitz to a newly created position of head of U.S. risk management. Lefkowitz is based in New York and reports to Ken Riegler, who is...
Insurance Charitable Foundation Awards a Record Number of Grants
Dec 15 2011 // The Insurance Industry Charitable Foundation (IICF) New York/Northeast division awarded a record number of grants at its 2011 benefit dinner on Wednesday in New York City. In total, grants were awarded to 14 charitable...
N.Y. Consumer Report Accuses Insurers of Needlessly Raising Rates
Dec 15 2011 // A new consumer advocacy report is accusing P/C insurers of ‘colluding’ and needlessly raising commercial insurance rates at a time when U.S. businesses are still reeling from the slow economy. The report,...
XL Hires ACE Exec as N.Y.-based President of America Casualty Business
Dec 15 2011 // XL Group’s North America property/casualty unit hired Ken Riegler as president of its North America casualty group. He will be based in New York and report to Seraina Maag, XL chief executive for North America...
N.Y.-based USI Insurance Services Acquires Bluff Head Enterprises
Dec 13 2011 // USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., has completed its acquisition of Bluff Head Enterprises in Rhode Island. Bluff Head Enterprises is a Wakefield, Rhode...
N.Y. Authorities Say 18 People Arrested on Workers’ Comp Fraud Charges
Dec 12 2011 // New York State Department of Financial Services announced last week that 18 people in 13 New York counties have been arrested on workers’ comp fraud charges. These arrests were the result of joint investigations led...
FEMA, N.Y. Officials Settle Dispute Over Flood Insurance Regulation
Dec 12 2011 // Federal Emergency Management Agency (FEMA) issued a new bulletin telling insurers that they should cooperate with state regulators on questions regarding federal flood insurance. There has been an ongoing turf battle...
Post-Irene Rebuilding Could Take Several More Months, N.Y. Group Says
Dec 9 2011 // This year’s hurricane season was an unusually costly and damaging one for New York State residents. And as the winter sets in, it will take several more months for people in areas ranging from Adirondack Mountains to...
TD Insurance Appoints Vice President in New York
Dec 9 2011 // TD Insurance, a subsidiary of TD Bank, is expanding in Long Island, New York, and appointed Peter Kane as vice president and regional market producer of commercial lines for the region. Kane brings 16 years of insurance...
