Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Sen. Schumer: Near Misses Show Need for Drone Regulations
Nov 24 2014 // U.S. Sen. Charles Schumer, D-N.Y., says recent near misses between aerial drones and aircraft at New York City’s Kennedy Airport show the need for federal regulations on the small, remote controlled aircraft. The New...
Buffalo, N.Y.-Area Residents Urged to Prepare for Flooding
Nov 24 2014 // Buffalo, New York, is making significant progress clearing streets still clogged from an epic storm left more than 7 feet of snow even as a flooding threat looms, the city’s mayor said Sunday. A ban on driving will...
New York Insurance Association Elects 2015 Officers and Board Directors
Nov 21 2014 // The New York Insurance Association (NYIA) elected its 2015 officers and board of directors at the association’s annual meeting on Nov. 13. The following officers were elected for a one-year term ending Dec. 31,...
Russian Firms Face Huge Insurance Costs as Foreign Insurers Flee
Nov 20 2014 // Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling out, worried that any business they undertake is at risk from future measures and an...
More Snow Threatening for Western New York as Flooding Risk
Nov 20 2014 // Lake-effect snow that killed six people and halted travel across western New York may reach as high as 7 feet in some areas before stopping tomorrow, when temperatures will start to rise along with the risk of flooding. At...
Hub International Northeast Hires Dionisio as Personal Lines VP in Conn.
Nov 19 2014 // HUB International Northeast, part of Hub International Limited, has hired Rose Dionisio as vice president of Personal Lines. Based out of the firm’s Fairfield, Connecticut office, Dionisio will be responsible for...
Connecticut Commissioner Leonardi to Step Down, Join New York Investment Firm
Nov 19 2014 // Thomas B. Leonardi Connecticut Insurance Commissioner Thomas B. Leonardi will step down from his post on Dec. 11, 2014, to join a New York-based global investment banking advisory firm, Gov. Dannel P. Malloy’s office...
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...
