Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Judge Allows Investors, Insurers to Intervene in Bank of America Settlement
Aug 23 2011 // A New York state judge granted the request of dozens of investors including pension funds, insurers and several Federal Home Loan Banks to intervene in Bank of America Corp.’s proposed $8.5 billion settlement with...
Hurricane Irene Seen Skirting Florida, Possibly Landing in Carolinas
Aug 23 2011 // Hurricane Irene was expected to strengthen over the next few days and could hit the southeastern United States as a large and powerful storm late in the week, forecasters said Tuesday. The U.S. National Hurricane...
Marsh Executive Sues Spitzer for $60 Million Over Slate Column
Aug 22 2011 // Former New York Governor Eliot Spitzer has been hit with a $60 million libel lawsuit by a former Marsh & McLennan Cos. executive over a column posted on Slate.com concerning an insurance bid-rigging scandal. William...
NY’s Senator Schumer Calls for End to ‘Job-killing’ Insurance Fee
Aug 18 2011 // Sen. Charles Schumer is calling for an end to a new government surcharge that amounts to roughly $20 per worker for New York businesses. The Rochester Democrat and Chronicle reported that Schumer called the surcharge an...
XL Names 6 to North America Construction Team
Aug 17 2011 // XL Insurance has made six key appointments to its North America Construction team that it established a year ago. The latest additions to XL Insurance’s North America Construction team include: Lawrence Lejfer...
Judge Blocks New York City From Removing Fire Alarm Boxes
Aug 17 2011 // A federal judge has ruled against a New York City plan to deactivate 15,000 fire alarm boxes, saying that doing so would discriminate against the deaf and hearing-impaired. The fire department last year said the move would...
Field to Head Sales for Swett & Crawford’s New York City Office
Aug 16 2011 // Harold Field has been given leadership and profit center responsibility of the New York City office for wholesale broker Swett & Crawford. In addition to his new sales leadership responsibility, Field will continue to...
Judge Tosses Coffee Shop Defamation Claim Against N.Y. Times
Aug 12 2011 // A Brooklyn judge has tossed out a defamation lawsuit against New York Times Co. brought by Gorilla Coffee, a coffee shop that has become a fixture in the borough’s Park Slope neighborhood. The suit stemmed from an...
New York Hotel Sues Over Ground Zero Construction Noise
Aug 9 2011 // The din of rebuilding the World Trade Center is driving guests away from a prominent hotel overlooking ground zero, and the agency in charge hasn’t listened to requests to quell the noise, the hotel’s owner...
AIG Sues BofA for $10 Billion, Alleges ‘Massive Mortgage Fraud’
Aug 8 2011 // Insurer American International Group (AIG) is suing Bank of America Corp. to recover more than $10 billion of losses from a “massive fraud” on mortgage debt, deepening the morass of litigation faced by the...
Bank of America Says Legal Losses Could Hit $2.3 Billion
Aug 5 2011 // Bank of America Corp.’s legal losses could cost as much as $2.3 billion above money already set aside to cover litigation, the largest U.S. bank by assets said in a securities filing. BofA raised the possible legal...
2000 Honda Civic Most Frequently Stolen Car in New York State
Aug 5 2011 // The New York Insurance Association has noted that the 2000 Honda Civic is again the most frequently stolen vehicle in New York State. The Hot Wheels 2011 study released by the National Insurance Crime Bureau (NICB)...
New Jersey Man Pleads Guilty To Identify Theft Scam
Aug 3 2011 // New Jersey Attorney General Paula T. Dow and Division of Criminal Justice Director Stephen J. Taylor announced that a man from HudsonCounty, N.J. has pleaded guilty to an identity theft scam. According to Acting Insurance...
Federal Aid Approved for N.Y. Flood Victims
Aug 2 2011 // A Long Island congressman says 13 families who lost their homes in flooding more than a year ago will likely receive federal aid. Rep. Steve Bishop tells Newsday that the Federal Emergency Management Agency informed his...
Former N.Y. Official Admits Guilt in Hamptons Fraud
Aug 1 2011 // A former New York lawmaker convicted of insurance fraud earlier this year has pleaded guilty in a separate multimillion-dollar mortgage fraud scheme. George Guldi admitted to grand larceny and other charges Friday in a...
Business Moves
Aug 1 2011 // Hub, WBS Hub has acquired the assets of Workplace Benefit Solutions (WBS) a Manchester, New Hampshire-based employee benefit brokerage and consulting firm. Terms were not disclosed. WBS will become part of Hub...
New York Workers’ Comp Hike
Aug 1 2011 // New York regulators have approved an average 9.1 percent hike in loss costs used by insurers, which is less than the 10.4 percent increase sought by the industry. The New York State Insurance Department approved the...
Lloyd’s Receives Approval for Reduced Collateral from New York
Jul 29 2011 // Lloyd’s announced that it has received approval from the New York Insurance Department to post reduced collateral on reinsurance contracts. Lloyd’s said it has been approved as a “Secure-3 reinsurer,...
Lloyd’s Receives Reduced Collateral Approval in New York
Jul 29 2011 // Lloyd’s received approval from the New York Insurance Department to post reduced collateral on reinsurance contracts. Lloyd’s is approved as a Secure-3 reinsurer, meaning its collateral requirements will be...
Gay Nuptials Unveil Financial Boon for N.Y. Services
Jul 28 2011 // A lot of people are happy to see same-sex marriage legal in New York: lawyers, marriage counselors, insurance agents. The effect of New York becoming the sixth state to allow gay marriage is expected to ripple beyond the...
