Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Two Workers Die After New York Construction Site Fall
Feb 10 2011 // Two ironworkers died Tuesday morning after they fell from a fifth floor through an open elevator shaft at a church construction site where they were installing steel, New York City authorities said. Brett McEnroe, 49, of...
SPECIAL REPORT: Extreme Weather Batters Insurance Industry
Feb 9 2011 // In Chester County, South Carolina, off a dirt road in the middle of a field, insurance companies are literally unleashing a storm. To simulate hurricane-like conditions, an industry group has built a wind tunnel big enough...
Stats Show New York CIty Has Low Traffic-Fatality Rate
Feb 8 2011 // New statistics find that New York City’s traffic fatality rate is among the lowest in the nation. The figures, which cover the last two years, are being released Monday by the city’s Department of...
Business Moves
Feb 7 2011 // Breckenridge, REcentis New York-based wholesaler Breckenridge IS has acquired a majority interest in REcentis Intermediaries, a specialty reinsurance broker with offices in California and Australia. Terms of the deal were...
New York Agents Praise Regulators’ New Opinion on Refunding Bounced Check Fees
Feb 7 2011 // New York insurance agents are lauding a new legal opinion from state regulators that will allow producers to recover any money lost when clients bounce checks. The Independent Insurance Agent and Brokers of New York...
Midwest Buckles Under Storm
Feb 3 2011 // A massive storm billed as the worst in decades barreled toward the northeast Wednesday, leaving vast swaths from Chicago to New York paralyzed by snow and ice, stranding hundreds of motorists all night and shuttering...
New York Lawsuit Accuses Toshiba of Discrimination
Feb 2 2011 // A human resources manager at a Toshiba America Inc. subsidiary sued the company for $100 million, accusing the electronics giant of discriminating against women. Elaine Cyphers of Mecklenburg County, N.C., brought the...
New York Court Dismisses Bond Insurer MBIA’s Suit Against Merrill
Feb 2 2011 // A New York state appeals court Tuesday dismissed a lawsuit in which bond insurer MBIA Inc. accused Merrill Lynch & Co. of fraudulently misleading it into providing insurance on $5.7 billion of risky debt. The ruling is...
New York Agents Praise Regulators New Opinion on Bounced Check Fees
Feb 1 2011 // New York insurance agents are lauding a new legal opinion from state regulators that will allow producers to recover any money lost when clients bounce checks. The Independent Insurance Agent and Brokers of New York...
Poll: Growing Support to Legalize Gay Marriage in New York
Feb 1 2011 // A new poll shows support among New Yorkers for legalizing gay marriage is growing after years of hovering just over the 50-percent level. Advocates are using the results in their effort to bring the issue to a vote in the...
Nearly 200 Animals Die in Upstate New York Barn Fire
Jan 31 2011 // A woman who lost about 200 farm animals in an upstate New York barn fire blames the disaster on a propane heater she had set up to protect newborn and pregnant sheep and goats from subzero cold. Robin Dillenbeck, sitting...
Courts Allowing Private Facebook Posts As Evidence in Lawsuits
Jan 27 2011 // It’s the latest litigation tactic in the online age: U.S. lawyers are trying to mine the private zones of Facebook and other social-media sites for photos, comments, status updates and other tidbits that might...
Hiscox USA Expands Direct, Online Coverage for Small Businesses to NY, Fla.
Jan 26 2011 // Hiscox USA has expanded its small business insurance offering direct and online to professional services businesses with 10 employees or less in New York and Florida. The metro areas in southern New York and southern...
Investors Accuse Bank of America’s Countrywide of Massive Fraud
Jan 25 2011 // Bank of America Corp.’s Countrywide mortgage unit has been sued by investors claiming they were victimized in a ‘massive fraud” when they bought mortgage-backed securities. The lawsuit was filed on Monday...
Business Moves
Jan 24 2011 // Encharter Massachusetts-based Encharter Insurance agency will open a fifth branch office, the latest in Simsbury, Connecticut. Encharter will sell personal lines coverage throughout the Farmington Valley, the agency said....
New York Insurers Applaud Plan to Merge State’s Regulatory Arms
Jan 24 2011 // A key trade group for insurers in New York State applauded a proposal by Gov. Andrew Cuomo to merge the state’s insurance regulatory arm into a single agency overseeing insurance, banking and consumer protection. The...
New York ‘Crash Tax’ Roils Insurance Industry
Jan 24 2011 // Trade Groups Lash Out at Proposed FDNY Charges for Accident Response The insurance industry spoke out against what it is calling a hidden “crash tax” during a public hearing in New York City earlier this...
New York Drops Last Marsh Bid-Rigging Criminal Cases
Jan 24 2011 // New York dropped the last two criminal cases tied to a 2004 bid-rigging scandal involving Marsh & McLennan Cos. after failing to win convictions of any of the eight insurance executives indicted. The state attorney...
People
Jan 24 2011 // Washington D.C.-based broker Ames & Gough has named Christine Payne as senior account manager. Payne, who has more than 25 years of insurance industry experience, will oversee service and insurance placements for a...
Sex, Age Discrimination Suit Filed Against Bank of New York Mellon
Jan 24 2011 // A veteran portfolio officer at Bank of New York Mellon Corp accused the company of sex and age discrimination Friday, charging she was paid less than younger, male employees. Rochelle Cohen’s suit, filed in federal...
