Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Bankruptcy Judge May Lift Shield for GM Over Ignition Switch Claims
Mar 27 2015 // A bankruptcy judge told General Motors Co. six years ago it didn’t have to worry about lawsuits over cars made before its $49.5 billion government bailout. Last month, the same judge said he wasn’t so sure...
New York to Investigate Insurers’ Cybersecurity Work After Hacks
Mar 27 2015 // Insurers doing business in New York State must tell a regulator there about efforts to prevent computer hacking, detailing the precautions taken and the personnel devoted to the task. Benjamin Lawsky, superintendent of the...
New York’s Schumer Requests Safety Probe of Imported Flooring
Mar 24 2015 // U.S. Sen. Charles Schumer (D-New York) is asking the Consumer Product Safety Commission to investigate the safety of Chinese-imported wood laminate flooring from Lumber Liquidators in Toano, Virginia, and initiate recalls...
Magna Carta Hires Leong as Chief Claims Officer in New York
Mar 23 2015 // Magna Carta Companies has hired Kevin W. Leong as vice president and chief claims officer. In his new role, Leong will lead Magna Carta’s national claims division. He is based in Magna Carta’s New York...
Brown & Brown Acquires Assets of Spain Agency in New York
Mar 23 2015 // Brown & Brown Inc. announced today that its subsidiary Brown & Brown of New York Inc. has acquired certain assets of Spain Agency Inc., an independent agency based in Mahopac, New York. Terms of the transaction...
Business Moves
Mar 23 2015 // Integro, Design Insurance Agency Insurance brokerage and risk management firm Integro has acquired Design Insurance Agency Inc., a specialist brokerage providing professional liability coverage and risk management services...
Viacom to Pay $7.2M to End Internship Lawsuit
Mar 23 2015 // Viacom Inc. agreed to pay $7.21 million to settle a class-action lawsuit by thousands of former interns who said the owner of Comedy Central, MTV and Nickelodeon did not pay them, despite their having done work similar to...
N.Y. Assemblyman Proposes State-Run Flood Insurance
Mar 23 2015 // A New York State assemblyman is proposing a bill to create a state-run flood insurance program designed to serve New York homeowners in flood-prone communities. Assemblyman Phillip Goldfeder (D-Queens) announced the plan...
Court OKs AIG $970M Pact with Investors Over Subprime Mortgages
Mar 22 2015 // American International Group Inc. shareholders won approval on Friday of a $970.5 million settlement resolving claims they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion...
Yellow Taxis Now Outnumbered by Uber Cars on NYC Streets
Mar 20 2015 // New York City’s storied yellow cabs are taking a back seat to black cars. Uber cars, often black sedans that can be summoned with smartphone apps, now outnumber the yellow taxis that city riders have hailed with a...
New York’s SterlingRisk Hires Krush as New CFO
Mar 20 2015 // Joanne Krush SterlingRisk, an insurance brokerage based in Woodbury, New York, has hired Joanne Krush as chief financial officer of the firm. Krush is based in SterlingRisk’s Woodbury headquarters. She succeeds Mark...
New York DFS Opens Inquiry Into Price Optimization
Mar 20 2015 // The New York Department of Financial Services (DFS) on March 18 sent out letters to hundreds of property/casualty insurers operating in the state, seeking information concerning price optimization. New York joins a growing...
NOAA: Spring Flooding Risk in Western N.Y., Eastern New England
Mar 19 2015 // According to National Oceanic and Atmospheric Administration’s (NOAA) Spring Outlook released today, rivers in western New York and eastern New England have the greatest risk of spring flooding in part because of...
MetLife Circles Back to Landmark NYC Tower It Mostly Left
Mar 19 2015 // It took almost a decade and a half for MetLife Inc. to determine that Manhattan’s MetLife Building was where it belonged. The biggest U.S. life insurer said Wednesday it will consolidate its New York operations into...
Workers’ Compensation History: The Great Tradeoff!
Mar 19 2015 // Eighteenth century pirates and a nineteenth century German “Iron” Chancellor preceded the United States in the creation of a social system for the protection of injured workers. The modern workers’...
Hedge Funds Find Gambling on Lawsuits Lucrative
Mar 18 2015 // For better or worse, the lawsuit-finance market continues to grow. Hedge funds and others speculating on litigation are making more and larger bets. Some corporate lobbyists warn that the new financial engineering...
Atlas Financial Closes Acquisition of Global Liberty in New York
Mar 16 2015 // Atlas Financial Holdings Inc. in Elk Grove Village, Illinois, announced last week it has closed the acquisition of Global Liberty Insurance Company of New York along with its affiliated underwriting and premium finance...
Viacom to Pay $7.2M to End Wage Lawsuit by Thousands of Interns
Mar 13 2015 // Viacom Inc agreed to pay $7.21 million to settle a class-action lawsuit by thousands of former interns who said the owner of Comedy Central, MTV and Nickelodeon did not pay them, despite their having done work similar to...
New England Goes From Big Snow to Big Melt With Milder Weather
Mar 11 2015 // New England is going from the Big Snow to the Big Melt. After winter storms dumped nearly 9 feet of snow over the course of a month, many parts of the region will see milder weather this week and some much-needed snow...
Integro Acquires Design Insurance Agency in New York
Mar 10 2015 // Insurance brokerage and risk management firm Integro announced its acquisition of Design Insurance Agency Inc., a specialist brokerage providing professional liability coverage and risk management services to architects,...
