Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Glens Falls Bank to Acquire New York’s Upstate Agency
Oct 15 2008 // Arrow Financial Corp. reported that its Arrow’s lead subsidiary, Glens Falls National Bank and Trust Co., agreed to acquire Upstate Agency, Inc., an independent property and casualty insurance agency headquartered in...
New York Jury Awards $10.7M to Woman Forced to Wait for Brain Scan
Oct 14 2008 // A jury has awarded nearly $11 million to a woman who became partially paralyzed after waiting two hours for a hospital brain scan. Jurors found New York Hospital Medical Center of Queens was negligent in caring for Candida...
Lehman Debt Auction Gives Clue to Potential Insurance Payouts
Oct 13 2008 // Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the dollar to buyers of those insurance contracts. That’s the...
Small Business Owners Unfamiliar With Risks in Self-Insured Groups’ Workers’ Comp Insurance
Oct 10 2008 // Small business owners are not fully aware of the financial risks involved in obtaining workers’ compensation insurance through self-insured groups, according to the results of the most recent Small Business Opinion...
AIG Domestic Life Units Get $37.8 Billion Cash from Federal Reserve
Oct 8 2008 // The Federal Reserve Board has authorized the Federal Reserve Bank of New York to borrow securities from certain regulated domestic life insurance subsidiaries of the American International Group (AIG). Under this program,...
New York Insurance Chief Says AIG Bailout was Unavoidable
Oct 7 2008 // Washington policymakers had no choice but to rescue American International Group Inc. after a dramatic investor crisis left the giant insurer starved for cash, New York insurance chief Eric Dinallo told lawmakers...
Renewal Rights Agreement Bolsters Narragansett Bay in New York
Oct 7 2008 // Narragansett Bay Insurance Co. has entered into a renewal rights agreement with Adirondack Insurance Exchange that should bring to the company 4,500 Long Island homeowner’s policies with approximately $10 million in...
New York Governor Vetoes Bill to Give Benefits to Drunk Drivers
Oct 6 2008 // New York Gov. David Paterson has vetoed legislation to extend no-fault insurance benefits to drunk drivers. The bill, S.8294-A, would have repealed New York’s Alcohol Exclusion law, which allows insurance companies...
Some See Spitzer Role in AIG Crisis
Oct 6 2008 // Spitzer forced Greenberg out of the company he built over nearly 40 years. Lost by many in the financial markets’ nightmare were ghosts of Wall Street past. Some are blaming the historic $85 billion federal bailout...
Crane Safety Guidelines Needed
Oct 6 2008 // In March 2008 a construction crane collapsed into a neighborhood bar and nearby apartments in New York City, killing seven people. In Bellevue, Wash., in June 2006, a large crane fell into an apartment building killing a...
New York to Oversee AIG Sales; Regulate Credit Swaps as Insurance
Oct 6 2008 // New York State Insurance Superintendent Eric Dinallo, who heads a national panel of state regulators overseeing possible sales of assets by American International Group (AIG), has asked an investment advisory firm to...
Praise for N.Y. Insurance Chief Dinallo
Oct 6 2008 // New York officials helped giant insurer American International Group Inc. strike the historic loan deal with the Federal Reserve that is keeping AIG afloat. Gov. David Paterson called it “great news” that will...
Crane Safety Guidelines Needed
Oct 6 2008 // In March 2008 a construction crane collapsed into a neighborhood bar and nearby apartments in New York City, killing seven people. In Bellevue, Wash., in June 2006, a large crane fell into an apartment building killing a...
Crane Safety Guidelines Needed
Oct 6 2008 // In March 2008 a construction crane collapsed into a neighborhood bar and nearby apartments in New York City, killing seven people. In Bellevue, Wash., in June 2006, a large crane fell into an apartment building killing a...
Business Moves
Oct 6 2008 // Liberty Mutual, Safeco Boston-based Liberty Mutual Group finalized its acquisition of Seattle, Washington-based Safeco Corp. on Sept. 22 after entering the agreement in April. While improving its scale and geographic...
Crane Safety Guidelines Needed
Oct 6 2008 // In March 2008 a construction crane collapsed into a neighborhood bar and nearby apartments in New York City, killing seven people. In Bellevue, Wash., in June 2006, a large crane fell into an apartment building killing a...
Crane Safety Guidelines Needed
Oct 6 2008 // In March 2008 a construction crane collapsed into a neighborhood bar and nearby apartments in New York City, killing seven people. In Bellevue, Wash., in June 2006, a large crane fell into an apartment building killing a...
Brooke Corp. Faces Lawsuits by Illinois and New York Banks
Oct 3 2008 // Overland Park, Kansas-based Brooke Corp. faces a lawsuit by a bank that is seeking $13 million plus interest and costs for breach of contract. The suit was filed the last week in September 2008 in federal court in Illinois...
New York Judge: Nibble on Cinema Popcorn at Own Risk
Oct 2 2008 // Movie munchers beware! A New York judge says popcorn purchasers worried about breaking a tooth on unpopped kernels should nibble carefully — or eat something else. Insurance broker Steve Kaplan says he encountered a...
Habay Joins Reinsurance Broker Collins in New York
Oct 2 2008 // Gregory Habay, a New York-based reinsurance broker, has joined Collins as senior vice president, Robert Kimmel, executive vice president and co-leader of Collins’ broker force, announced. Habay most recently was a...
