Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
FEMA to Impose More Oversight on Flood Insurers, Engineering Firms
Mar 10 2015 // Federal disaster relief officials are keeping a closer eye on companies that help it provide flood insurance, following allegations by Hurricane Sandy victims that claims were denied or underpaid based on manipulated...
Consumer Credit Agencies Agree to Address Errors, Medical Debt
Mar 10 2015 // Buying homes, getting jobs and borrowing money will be easier after an agreement by the three biggest U.S. consumer credit reporting services with New York. “This is huge,” Chi Chi Wu, an attorney at...
Declarations
Mar 9 2015 // Bad Geometry “Our current station geometry does not serve eastern Washington well.” —John Vidale, director of the Pacific Northwest Seismic Network at the University of Washington, said following a...
N.Y. Assemblyman Proposes State-Run Flood Insurance
Mar 5 2015 // A New York State assemblyman says he will introduce 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...
Chicago’s 110-Story Willis Tower Up for Sale
Mar 4 2015 // Chicago’s Willis Tower, once the world’s tallest building and one of the city’s top tourist attractions, is up for sale. The owners, which include New York-based investors Joseph Chetrit and Joseph...
ING Plans $2 Billion Sale of Voya Stock to End Investment in U.S. Insurer
Mar 4 2015 // ING Groep NV, the biggest Dutch bank, said it will sell its remaining 19 percent stake in Voya Financial Inc., completing its slow-motion exit from its former U.S. insurance unit. Voya will repurchase $600 million of its...
N.J. Congressman Calls for FEMA Chief’s Resignation
Mar 3 2015 // A New Jersey congressman is asking for the resignation of Federal Emergency Management Agency (FEMA) Administrator W. Craig Fugate and an immediate investigation into FEMA after reports that FEMA was aware of allegedly...
Former AIG, MetLife Leader Benmosche Dies at 70
Feb 27 2015 // Robert Benmosche, the combative former chief executive officer of American International Group Inc. who led the insurer, once the world’s largest, to repay a $182.3 billion taxpayer bailout, has died. He was 70. He...
Insurers Targeted in Proposed N.Y. Corporate Whistleblower Protection Law
Feb 26 2015 // Employees who report illegal activity in insurance, banking and financial services would be protected and compensated for their trouble under new legislation proposed by New York State Attorney General Eric...
N.Y.’s Lawsky: Cybersecurity Likely Most Important Issue DFS Will Face in 2015
Feb 26 2015 // Cybersecurity is likely the most important issue that the New York Department of Financial Services (DFS) will face in 2015, and perhaps for many years to come after that, New York Financial Services Superintendent...
New York to Be Reimbursed $32M for Ebola Readiness, Treatment
Feb 26 2015 // U.S. Senator Charles Schumer (D-N.Y.) says the federal government is allocating $32 million to the state of New York to cover all expenses related to Ebola readiness and treatment. Schumer says that money from the federal...
Replacing Unsafe Train Crossings Deemed Too Expensive
Feb 26 2015 // The bullet train that will whisk passengers between San Francisco and Los Angeles at 200 miles per hour won’t pass through the kinds of intersections that have led to two major commuter-rail accidents this...
N.Y. Regulator Lawsky Says Banks Need Money-Laundering Spot Checks
Feb 25 2015 // New York’s banking regulator floated a plan Wednesday to spot-check banks’ money laundering controls and hold executives accountable if they fail. Benjamin Lawsky, superintendent of New York’s Department...
Twice-Wounded Sandy Victims Seek Payout as FEMA Presses Insurers
Feb 25 2015 // Some homeowners hit by Hurricane Sandy say they’ve been victimized twice: first by the storm and later by insurers. John Clancy says his insurer, an Allstate Corp. unit, paid just $46,000 of the more than $200,000 in...
Analyst: Taxi Medallions No ‘Safe haven’ in Wake of Uber
Feb 24 2015 // Uber, the popular ride-hailing app, is hitting taxicabs where it hurts: The medallion business. Taxi companies make money by charging drivers for medallions, or licenses to drive their cabs. In a note to investors last...
Barclays Wins Reversal of Liability Ruling in $300M Black Diamond Suit
Feb 19 2015 // New York state’s top court on Thursday reversed a 2013 ruling that found Barclays Plc liable in a $300 million dispute with hedge fund Black Diamond Capital over the British bank’s refusal to pay back...
AssuredPartners Acquires Amtech Insurance Brokers in New York
Feb 19 2015 // AssuredPartners Inc. has acquired Amtech Insurance Brokers in Latham, New York. Terms of the transaction were not disclosed. Amtech has been providing commercial insurance and risk management services for businesses for...
FEMA in Talks to Settle Sandy Flood Insurance Claims
Feb 19 2015 // The Federal Emergency Management Agency is working to settle lawsuits by hundreds of Hurricane Sandy victims who challenged denials or alleged underpayments of flood insurance claims. Brad Kieserman, deputy associate...
Fatal Work Injuries in N.Y. Metro Area Declined in 2013: BLS
Feb 18 2015 // Work-related fatal injuries in the New York metropolitan area (the New York-Northern New Jersey-Long Island, N.Y.-N.J.-Pa. Metropolitan Statistical Area) totaled 152 in 2013, according to preliminary data from the U.S....
New York Attorney General Says ‘Zombie’ Home Bill Rising Again
Feb 18 2015 // New York’s attorney general says he’s submitting legislation to combat the plague of abandoned properties, revising a bill lawmakers failed to enact last year. Attorney General Eric Schneiderman would make...
