Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Deadline Nears for Fed Aid for New York Flood Victims
Dec 8 2011 // The Federal Emergency Management Agency says there are only eight days left for New Yorkers affected by Hurricane Irene and Tropical Storm Lee to register for possible federal disaster assistance. Dec. 15 is the...
Ernst & Young Sued for $900M Over Madoff Audits
Dec 6 2011 // Ernst & Young LLP has been sued for $900 million by the liquidators of a fund that once funneled money to the now-imprisoned swindler Bernard Madoff. The lawsuit, filed on behalf of M-Invest Ltd, accused Ernst &...
People
Dec 5 2011 // New York-based Alleghany Corp., which announced its deal to acquire reinsurer Transatlantic in November, appointed Joseph Brandon as executive vice president of Alleghany and president of Alleghany Insurance Holdings. He...
NYC PIP Costs Rising
Dec 5 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 New York City rose 70 percent over the past decade,...
Starr International Files $25B Lawsuit Against U.S., Calling AIG Takeover ‘Unconstitutional’
Dec 5 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...
Business Moves
Dec 5 2011 // Alleghany Corp., Transatlantic Holdings New York-based Transatlantic Holdings Inc., which called off a merger deal with Allied World Assurance Co. in September, agreed to be acquired by Alleghany Corp. in New York. The...
Leading By Creating
Dec 5 2011 // Top 100 Agency Profile Agency Name: Confie Seguros, trading under Freeway Insurance Headquarters: New York, N.Y. Year Founded: 2008 Additional Locations: California, Arizona, Washington, Oregon, Texas, New York, New...
N.Y. Loosens Regulations for Large Commercial Insureds
Dec 5 2011 // New York State Department of Financial Services issued new rules to implement a new state law that deregulates most insurance business for large, sophisticated companies and public entities. The law exempts insurers from...
Investment Firm AssuredPartners Acquires N.Y.-based Agency SKCG Group
Dec 2 2011 // AssuredPartners, a portfolio company of Chicago-based private equity firm GTCR, has purchased SKCG Group, a White Plains, N.Y.-based agency. The company said the SKCG acquisition provides a strategic asset and an...
IIABNY Advises Motorists: Don’t Skimp On Auto Liability Insurance
Dec 1 2011 // The Independent Insurance Agents & Brokers of New York is advising motor vehicle owners not to skimp when they buy auto liability insurance. Auto liability insurance pays for amounts the insured person owes as damages...
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...
