Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
NYDFS Grants Charter to New York Virtual Currency Company
May 7 2015 // New York State Department of Financial Services (NYDFS) announced Thursday that it has granted a charter under the New York Banking Law to itBit Trust Company, LLC – a commercial Bitcoin exchange. ItBit, which is based...
N.Y. Court Revives Bond Insurer’s $120M Lawsuit Against Goldman Sachs
May 7 2015 // New York’s top state court on Thursday revived a bond insurer’s $120 million lawsuit claiming Goldman Sachs Group Inc lied about a pool of securities backed by subprime mortgages during the period leading up...
N.Y.’s Associated Mutual Announces Appointments to Senior Management
May 7 2015 // Associated Mutual Insurance Cooperative, a multi-line regional property/casualty insurer based in Woodridge, New York, appointed Robert Wong as president and Claudia Dietz as vice president of finance and vice president of...
Integro Acquires Energy Insurance Brokers in New York
May 7 2015 // Integro Ltd., an insurance brokerage and risk management firm based in New York City, announced an addition to its Trade & Logistics practice with the acquisition of Energy Insurance Brokers (EIB) in East Greenbush,...
IIABNY: Study Shows N.Y. Insurance Agents Are Growing
May 6 2015 // With deep roots in their communities, New York independent insurance agencies are healthy and growing, Independent Insurance Agents & Brokers of New York Inc. (IIABNY ) said. IIABNY said a recent analysis of New York...
FEMA Chief on Sandy Flood Insurance Claims: ‘We Want to Fix This’
May 4 2015 // The head of the Federal Emergency Management Agency says he wants to fix what went wrong with the process of paying flood insurance claims following Superstorm Sandy. Craig Fugate told the first meeting of a congressional...
Updated: China’s Fosun to Buy Remaining Shares in Ironshore for $1.84B
May 4 2015 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is planning a $1.84 billion merger with Ironshore Inc. after buying the shares it doesn’t already own in the...
Sony, Zurich Reach Settlement in PlayStation Data Breach Case in New York
May 1 2015 // Sony Corp. of America and Zurich American Insurance Co. have reached a settlement in a commercial general liability (CGL) policy coverage case stemming from the April 2011 hacking of Sony’s PlayStation online...
Illinois’ Madison County a Center for Asbestos Lawsuits
Apr 30 2015 // Few of the tourists who drive old Route 66 through this rural Illinois town are aware of its true economic engine: a booming business in asbestos lawsuits that attracts law firms from across the country. Since 2005, those...
Con Ed, NYC Face New Lawsuit Over 2014 Harlem Gas Explosion
Apr 30 2015 // Consolidated Edison Inc and New York City have been hit with a new lawsuit alleging that their carelessness contributed to a 2014 gas explosion in Manhattan’s East Harlem neighborhood that killed eight people and...
Fosun to Co-Develop New York Apartment Project in U.S. Expansion
Apr 30 2015 // Fosun Group will co-develop a luxury residential tower in New York, underscoring the Chinese company’s growing appetite for U.S. property holdings after its One Chase Manhattan Plaza purchase in 2013. Fosun will...
N.Y.’s New Regulations Aim to Reduce Title Insurance Costs
Apr 29 2015 // New York Gov. Andrew Cuomo announced new regulations Wednesday that would crack down on what officials describe as kickbacks and other improper expenditures in the state’s title insurance industry. These improper...
Hurricane Sandy Judges Demand Clearing of Settlement Roadblocks
Apr 28 2015 // Federal officials and flood insurance companies were chastised by a panel of New York judges for imposing delays on settlements with hundreds of Hurricane Sandy victims who alleged their claims were wrongfully denied or...
N.Y. to Get Nearly $1B Federal Loan to Make Commuter Rail Safer
Apr 27 2015 // The Metropolitan Transportation Authority, the nation’s largest commuter rail network, is on track to receive a nearly $1 billion federal loan for safety improvements meant to avoid a repeat of a 2013 derailment that...
N.Y. Sen. Schumer: Ease Dairy Insurance Rules Amid Drop in Milk Prices
Apr 24 2015 // U.S. Sen. Charles Schumer, D-N.Y., says dairy farmers in New York state and across the country need help contending with falling milk prices. The Democrat says Wednesday that he wants the U.S. Department of Agriculture to...
N.Y. Troopers Issue 17,447 Tickets During ‘Operation Hang Up’
Apr 24 2015 // New York State Police say they issued 17,447 tickets during their five-day “Operation Hang Up” distracted driving crackdown. From April 10 through April 15, troopers were on the lookout for drivers using cell...
New York Holds Line on Volunteer Firefighters After Declines
Apr 22 2015 // More new firefighters are volunteering in New York state after years of declining membership, though companies are still seeking recruits to meet more calls. Fire companies statewide attracted 12,665 new volunteers in 2011...
Greenberg Wants State’s High Court to Nix New York AG’s Fraud Case
Apr 22 2015 // In a last-ditch effort to avoid trial, former American International Group Inc Chairman Maurice “Hank” Greenberg is seeking permission to ask New York’s highest court to throw out the accounting fraud...
Greenberg May Have Advantage with Judge Deciding AIG Bailout Challenge
Apr 22 2015 // Former American International Group Inc. Chairman Maurice “Hank” Greenberg claims the U.S. bailout of the company cheated shareholders out of at least $25 billion. On Wednesday, the judge presiding over his...
How to Manage Risk of Valuable Properties Concentrated in Coastal Areas
Apr 21 2015 // U.S insured property values as of 2014 exceed $90 trillion, but the bulk of that is increasingly concentrated in vulnerable coastal areas. With that in mind, new risk metrics could better help monitor exposures, Karen...
