Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Marsh Names Cormier, Poulos to Executive Posts
Nov 11 2014 // Insurance broker Marsh announced two executive appointments. Michael Cormier, who most recently led Marsh Risk Consulting, has been named to the position of head of Portfolio Development. In this role, Cormier will oversee...
New York DFS Superintendent Lawsky Considering 2015 Exit Plan
Nov 11 2014 // New York’s top banking regulator Benjamin Lawsky, who used his leverage to stiffen penalties against some of the world’s largest financial institutions, will probably step down next year to take a job in the...
N.Y. Sen. Schumer Urges Review of Car Safety Screening
Nov 10 2014 // U.S. Sen. Charles Schumer, D-N.Y., is calling for a top-to-bottom review of federal safety screening for defective car parts. He is citing the recall of millions of vehicles equipped with Takata Corp. passenger air bags...
Old vs. New GM at Issue in Ignition Switch Class Action
Nov 10 2014 // General Motors Co. told a judge that claims in a $10 billion customer class-action over ignition flaws are “misleading” and should be dismissed. The 68 named plaintiffs in the group lawsuit argue that the...
Person in NYC Released From Ebola Quarantine
Nov 7 2014 // The situation with Ebola in New York City seems to be improving. On Wednesday, city officials announced that a person under quarantine because of contact with a doctor being treated for Ebola will be allowed to move...
4 Sandy-Damaged NYC Hospitals to Get $1.6B in Federal Aid
Nov 7 2014 // New York City is getting at least $1.6 billion in Federal Emergency Management Agency funds to help public hospitals install floodwalls, flood proof elevators and otherwise become more storm-resilient, officials announced...
U.S. Didn’t Reveal Potential Chinese AIG Rescue, Ex-CEO Testifies
Nov 6 2014 // American International Group Inc.’s former chief executive officer said regulators didn’t tell him about a potential Chinese investment before the U.S. government’s 2008 bailout of the insurer. Robert...
Blue River Underwriters D. Scott Tramel and John Searles Launch USL&H and Maritime Employers Liability Insurance Program
Nov 6 2014 // KENNESAW, GA, November 6, 2014 — Blue River Underwriters, a division of Breckenridge Insurance Group, has introduced a new United States Longshoreman and Harbor Workers Act (USL&H) and Maritime Employers Liability...
Ex-CEO Willumstad: AIG Bailout Was Only Rescue Option
Nov 6 2014 // American International Group Inc.’s bailout by the U.S. in 2008 was seen by the company’s board as its only rescue option at the time, former Chief Executive Officer Robert Willumstad testified. Robert...
Hub International Northeast Hires Bueti as Assistant VP in New York
Nov 6 2014 // Nick Bueti Hub International Northeast, part of Hub International Limited, has hired Nick Bueti as assistant vice president of the Employee Benefits division. He will be based out of the firm’s New York City office....
Confie Seguros Acquires 2 New York, 1 California Brokers
Nov 4 2014 // Confie Seguros, a national provider of personal lines insurance, has acquired three insurance brokerages, two in New York’s Buffalo area and one in California. Confie Seguros acquired The Insurance Market Agency Inc....
New Rules for New York Drivers Using Hand-Held Phones
Nov 3 2014 // New York state is imposing tougher penalties on motorists who use hand-held mobile phones while driving. As of Nov. 1, young and new drivers caught texting or using a cell phone without a hands-free device face a 120-day...
New York Workers’ Comp Assessment Rate to Drop to 13.2%
Nov 3 2014 // New York Gov. Andrew Cuomo announced the assessment rate that employers pay to the state’s workers’ compensation system will drop to 13.2 percent from 13.8 percent in 2015, resulting in savings to all employers...
Greenberg Upset Win in AIG $25 Billion Bailout Trial Possible
Nov 3 2014 // Lawyer David Boies has a shot at an upset win in the trial of Maurice “Hank” Greenberg’s $25 billion bailout case against the U.S. government, a turnaround from the weak odds he was given just a month...
Top States for Luxury Car Theft
Nov 3 2014 // According to the National Insurance Crime Bureau (NICB), there were 5,570 luxury vehicles for model years 2011-2013 reported stolen in the United States between Jan. 1, 2010 and Dec. 31, 2013. NICB analysts review data...
Business Moves
Nov 3 2014 // Marsh, Torrent Insurance broker Marsh has agreed to acquire Torrent Technologies Inc., which serves write-your-own insurers participating in the National Flood Insurance Program (NFIP). Torrent’s approximately 100...
People – East
Nov 3 2014 // Global insurance broker Marsh has appointed Courtney Leimkuhler to the role of chief financial officer, effective March 1, 2015. Leimkuhler will succeed CFO Paul Malvasio, who is retiring in March after a career in the...
AIG Pays $35M Penalty to Resolve Probe of Units Sold to MetLife
Nov 2 2014 // American International Group Inc. agreed to pay a $35 million penalty to resolve a New York State probe into unlicensed insurance sales by former units. The subsidiaries, American Life Insurance Co. and Delaware American...
Uber Ridesharing Serving Kids and Their Busy Parents
Oct 31 2014 // As the oldest of three kids, Baily Deeter was often the last to be picked up from school by his mother. Then Uber Technologies Inc. came along. When Baily started ninth grade in August, his parents gave him an account for...
Integro Hires Stearns as Global Marine Practice Principal in New York
Oct 30 2014 // Robert Stearns Insurance brokerage and risk management firm Integro hired Robert Stearns as a principal for the firm’s Global Marine practice in New York. He is responsible for the design, structure, placement and...
