Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York DFS Superintendent Lawsky Leaving After $3B in Fines Makes Mark
Nov 19 2014 // When Ocwen Financial Corp. shares soared on the news that regulator Benjamin Lawsky, who’s probing the company, will step down, Bill Miller shrugged. The next head of New York’s Department of Financial Services...
Lancer Indemnity Hires Wind as Underwriter in New York
Nov 18 2014 // Lancer Indemnity Company, a standard lines commercial property/casualty insurance company in Long Beach, New York, has hired Mickey Wind as underwriter. In this position, Wind will focus on new business accounts and...
N.Y. Sen. Schumer: Federal Government Should Cover Ebola Costs
Nov 17 2014 // U.S. Sen. Charles Schumer, D-N.Y., says the federal government should reimburse New York City and Bellevue Hospital for costs related to Ebola. The Democrat said on Nov. 16 that more than $20 million has been spent on...
New Jersey Sen. Menendez Presses for Sandy Flood Insurance Probe
Nov 17 2014 // The Federal Emergency Management Agency should investigate allegations that insurance companies handling Superstorm Sandy flood damage claims are manipulating them to shortchange victims, U.S. Sen. Robert Menendez said on...
York Risk Services Group Acquires RMPG in New York
Nov 17 2014 // York Risk Services Group Inc., a Parsippany, New Jersey-based provider of claims management, managed care, risk management and specialized loss adjusting services, has acquired Risk Management Planning Group (RMPG) in...
3 Sentenced in N.J. for Running International Car Theft Scheme
Nov 17 2014 // Three men have been sentenced in New Jersey last Friday for running an international car theft scheme from 2007 to 2009. The scheme resulted in high-end cars being stolen in New York and then routed into New Jersey where...
CNA Hires DeVinney as Commercial Underwriting Officer in New York
Nov 17 2014 // David DeVinney CNA Financial Corporation hired David DeVinney as commercial underwriting officer for its branch offices in Long Island and Westchester, New York, and Hartford, Connecticut. Based in New York, DeVinney will...
Google Targeted in Independent Contractor Classification Dispute
Nov 17 2014 // Google was sued last week by a worker who claimed the company did not pay overtime, improperly classified him as an independent contractor then terminated him after he asked for more hours to be covered under his...
NYC Flood Zone Properties Worth $129B Under New FEMA Maps
Nov 17 2014 // The assessed value of properties in New York City that lie within Federal Emergency Management Agency’s (FEMA) newly proposed 100-year floodplain maps is $129.1 billion, more than double the value under previous...
People – East
Nov 17 2014 // Robert L. Nash, president of the New Hampshire Association of Insurance Agents (NHAIA), has announced his retirement effective Dec. 31, 2014. Nash, president of NHAIA since 2001, has spent 43 years in association...
AIG to Pay N.Y. $35M to Settle Licensing Allegations
Nov 17 2014 // Insurance company American International Group Inc. has agreed to pay New York state $35 million to settle claims that two former subsidiaries did business without licenses and misled regulators about their operations in...
N.Y. Court: Author Michael Lewis Did Not Libel Money Manager in ‘The Big Short’
Nov 14 2014 // The author Michael Lewis did not libel a money manager in his 2010 best-seller “The Big Short,” a divided federal appeals court ruled on Friday. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals in New York...
AIG, Not Taxpayers, Could Pay If Greenberg Wins $25 Billion Bailout Suit
Nov 14 2014 // The U.S. government has grounds to demand that American International Group Inc. pay any significant damages should Maurice “Hank” Greenberg win his $25 billion claim that federal officials shortchanged...
Doctor Recovers From Ebola, Leaves New York City Hospital
Nov 12 2014 // A Doctors Without Borders physician who was declared free of Ebola said Tuesday he was living proof that early detection and isolation can stop the spread of the deadly virus, and he called for a better focus at the center...
Prime Risk Partners Hires McKenna as Senior VP in New York
Nov 12 2014 // Prime Risk Partners, a recently established national insurance distribution firm in Atlanta, hired Matthew McKenna as senior vice president. He is based in Buffalo, New York. McKenna previously served as senior vice...
New York Rivers Getting New Flood Gauges
Nov 12 2014 // Areas along the Hudson, Mohawk and Oswego rivers will soon have new flood gauges to warn of possible floods. U.S. senators Charles Schumer and Kirsten Gillibrand announced on Nov. 7 that the Federal Emergency Management...
Audit: New York City Failed to Make Key Fixes After Crane Collapse
Nov 12 2014 // A new audit says New York City has implemented only a number of the 65 recommendations made following two deadly crane collapses in 2008. The audit by city Comptroller Scott Stringer says only eight of the recommendations...
New York’s Utica Mutual Names Creedon to Be Next CEO
Nov 12 2014 // Richard Creedon Utica Mutual Insurance Company in New Hartford, New York, announced that at a meeting of the board of directors on Nov. 6, the board approved the nomination of Richard Creedon as the next chief executive...
Taiwan’s Cathay Life Acquires Asset Manager, Research Firm Conning
Nov 12 2014 // Cathay Life Insurance Co. of Taiwan has acquired insurance industry investment and asset manager and research firm Conning Holdings Corp. of Hartford, Conn. and all of its subsidiaries. Under the terms of the agreement,...
Joan Rivers Didn’t Consent to Procedures Performed at Yorkville
Nov 11 2014 // Joan Rivers, the comedian and television personality who died after undergoing a medical procedure in New York, didn’t give permission for all the work done at Yorkville Endoscopy LLC, U.S. regulators said. The...
