Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Irene Raises Hurricane Deductible Questions in Hard-Hit Northeast States
Sep 7 2011 // New York and New Jersey regulators said recently that hurricane deductibles should not apply on homeowners’ insurance policies for Irene damages in their states. That’s because Irene was downgraded and...
People
Sep 5 2011 // Lee Stacey has been appointed president and chief executive officer of Britton-Gallagher & Associates Inc., one of Ohio’s largest privately owned insurance brokers. He assumes many of the current duties of Bruce...
9/11 Brought Some Changes to Skyscrapers and High-Rises But More Should Be Done
Sep 5 2011 // What if it should happen again? A decade after the Sept. 11 terror attacks, could any of the nation’s 21,000 high-rises withstand an attack like those that caused New York’s twin towers to collapse? Could the...
Update: Irene State by State Estimates
Sep 2 2011 // Catastrophe modeling company Eqecat, whose software is used by insurers to predict exposure to disasters, estimated the economic losses in the United States from Hurricane Irene at more than $10 billion. Irene was the 10th...
IIABNY, CIBGNY File Appeal of Producer Compensation Disclosure Regulation
Sep 2 2011 // The Independent Insurance Agents & Brokers of New York and the Council of Insurance Brokers of Greater New York have filed a formal appeal of a trial court ruling that upheld a controversial state regulation. Attorneys...
Neighbors Help Neighbors in Flood-scoured New York Town
Sep 2 2011 // Friends, family, and total strangers are grabbing shovels, mops and buckets to help shopkeepers clear debris left by flooding and salvage whatever they can in mountain villages ravaged by Irene’s deluge in upstate...
New York’s Interboro Buys OneBeacon’s AutoOne
Sep 1 2011 // OneBeacon Insurance Group said it is selling its high risk personal auto insurance business, AutoOne, to Interboro Holdings Inc. of New York. AutoOne, formed in 2001, serves the automobile assigned risk insurance markets...
Vermont, New Jersey, Upstate New York Still Underwater from Irene
Sep 1 2011 // Floodwaters finally started to recede from areas of the U.S. northeast devastated by Hurricane Irene but many communities were still under water Wednesday as relief workers battled cut-off roads and raging rivers to...
Insurance Lawsuits to Follow Irene
Aug 31 2011 // As the water recedes from Hurricane Irene, lawyers are expecting disputes over insurance coverage to pour in. The biggest fights will stem from arguments over property damage and whether it resulted from wind or water,...
Irene’s Impact on Private Insurance Markets
Aug 31 2011 // The $7 billion in estimated losses from Hurricane Irene compound the vast damage caused by weather in the United States this year. Yet despite billions they’ve paid out for floods, tornadoes and earthquakes, big...
MSO Introduces Personal Umbrella Program in N.Y.
Aug 30 2011 // MSO, Inc.’s (The Mutual Service Office, Inc.) personal umbrella program has been approved in New York. The MSO homeowners program was previously approved in the state. Highlights of the personal umbrella program...
Irene Blamed for 38 Deaths; $20 Billion Economic Loss; Worst Flooding in Decades
Aug 30 2011 // New Jersey and Vermont struggled with their worst flooding in decades Monday, a day after Hurricane Irene slammed an already soaked U.S. Northeast with torrential rain, dragging away homes and submerging neighborhoods...
U.S. to Reimburse States for Most of Irene’s Damage
Aug 29 2011 // Hurricane Irene could cost U.S. state and local governments billions of dollars in damages, but funds from the federal government might ultimately cover much of this expense. It is too early to estimate the cost of the...
Irene Floods Northeast; Manhattan Spared Worst
Aug 29 2011 // Hurricane Irene swept through Manhattan Sunday but reserved the worst of its fury for towns and suburbs up and down the northeastern United States, where driving rain and flood tides inundated homes and cut power to...
Unhappy Investors Want Bank of America Mortgage Case Moved to Federal Court
Aug 29 2011 // Investors objecting to Bank of America Corp.’s $8.5 billion settlement of claims over losses on mortgage-backed securities are seeking to send their dispute to federal court, potentially delaying a resolution of one...
Investors Placed Their Bets On Hurricane Irene
Aug 28 2011 // While people in New York and the rest of the U.S. East Coast on Friday were buying batteries and water ahead of Hurricane Irene, some investors were more focused on placing their bets just in case this really is “the...
Hurricane Irene Update: 50 Million People Could Be Affected
Aug 26 2011 // Parts of the southeastern United States were already experiencing dangerous swells and rip tides Thursday as Hurricane Irene exited the Bahamas. On Friday afternoon, ahead of Hurricane Irene’s forecasted arrival in...
Is ‘Old’ East Coast Prepared For a Powerful Earthquake?
Aug 26 2011 // There was a crack in the Washington Monument, and capstones were broken at the National Cathedral. In the District of Columbia suburbs, some people stayed in shelters because of structural concerns at their apartment...
Costco ‘Slurpee Slip and Fall’ Suit Stays in New York
Aug 26 2011 // A 74-year-old woman who said she was injured after falling in a Costco store in Florida beat back the retailer’s effort to move the case to that state because it was too much trouble to defend itself in New...
Northeast Likely to Suffer Significant Damage from Irene
Aug 26 2011 // Hurricane Irene is likely to cause more insured losses in the Bahamas than 1999’s devastating Hurricane Floyd, catastrophe modeler AIR Worldwide said Thursday, even as the storm increasingly tracks toward a weekend...
