Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Are States, Cities Equipped to Handle Ebola Emergencies?
Oct 12 2014 // The missteps in Dallas’s handling of the first Ebola case diagnosed in the United States have revealed an uncomfortable reality: state and city plans for handling the deadly virus are based on generic recommendations...
Seattle, Boston Top Cities for Pedestrian Safety
Oct 9 2014 // Seattle, where a crowd of football fans celebrating a Super Bowl victory waited at a crosswalk for a signal change this year, is the safest U.S. city for pedestrians, according to a study by Liberty Mutual Holding Co. The...
Bernanke Defends AIG Bailout Terms; Judge Opens Fed’s ‘Doomsday Book’
Oct 9 2014 // Former Federal Reserve Chairman Ben Bernanke defended the sterner treatment of American International Group Inc. in the 2008 bailout compared with how investment banks were handled, saying the rescue of the insurer had a...
Unfamiliar Fed Saw ‘Exceptional’ Risks in AIG Situation, Says Geithner
Oct 9 2014 // American International Group Inc.’s unique set of risks was seen by one of the primary orchestrators of its rescue as requiring tough conditions that included the government’s taking most of the insurer’s...
Was AIG’s High Bailout Loan Rate Forced by Regulators?
Oct 8 2014 // A “crazily high” interest rate levied on American International Group Inc.’s $85 billion bailout loan may have been forced on the Federal Reserve Bank of New York by other regulators, according to...
Confie Seguros Acquires AA Insurance, Parietti & McGuire in New York
Oct 8 2014 // Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, has acquired AA Insurance Services and Parietti & McGuire Insurance in New York. AA Insurance Services, founded in...
New York AG’s Health Care Bureau Resolved 13K Consumer Complaints Since 2011
Oct 8 2014 // The Health Care Bureau in the New York Attorney General’s Office reports investigating and resolving 13,000 consumer complaints and saving or returning $12.5 million to nearly 2,500 New Yorkers since 2011. The report...
Judge Awards Dow Jones $5 Million in Claim Against Aggregator Ransquawk
Oct 8 2014 // Dow Jones & Co. on Tuesday won a $5 million judgment against the London-based service Ransquawk, which it accused of pirating its content by broadcasting news within seconds of publication to traders and other...
Geithner Asked Buffett for Opinion on AIG Before 2008 Bailout
Oct 8 2014 // Billionaire Warren Buffett said he gave an appraisal of American International Group Inc. to Timothy Geithner, then the head of the Federal Reserve Bank of New York, just before it rescued AIG in 2008. Geithner asked...
Mayor de Blasio: New York City Could Handle Ebola Outbreak
Oct 8 2014 // New York City Mayor Bill de Blasio says he’s “very confident” the city’s hospital system could handle an Ebola outbreak. De Blasio touted the public health system in the nation’s biggest city,...
Geithner Testifies He Was Responsible for AIG Loan Rate
Oct 8 2014 // Timothy Geithner backed away from two of his more provocative assessments of the 2008 bailout of American International Group Inc., in a day of courtroom testimony marked by careful answers and a lack of recollection about...
Lockton Appoints Rapciewicz as Risk Finance Practice VP in New York
Oct 7 2014 // Privately-held insurance broker Lockton appointed Peter Rapciewicz as vice president in its Risk Finance Practice in New York City. Rapciewicz comes to Lockton from AIG where he most recently served as vice president of...
N.Y. Doctor Found Guilty in Massive No-Fault Insurance Fraud Scheme
Oct 7 2014 // Authorities announced that a Brooklyn, New York-based doctor has been found guilty in a no-fault insurance fraud scheme following a two-week jury trial. According to a statement Monday from Preet Bharara, the U.S. Attorney...
Google Liable for Damages for Celebrities’ Private Photos?
Oct 7 2014 // A lawyer who represents about a dozen female celebrities whose private photos were posted online by hackers has threatened to sue Google Inc. for failing to take the photos off its websites, according to the New York...
NYC’s Waldorf Astoria to Be Biggest Chinese Real Estate Purchase in U.S.
Oct 7 2014 // New York City’s Waldorf Astoria hotel is set to become the biggest prize yet for buyers from China who have been pouring money into U.S. real estate as they seek stable investments outside their...
NYIA: Many Renters Lack Renters Insurance Despite Premium Decreases
Oct 6 2014 // The New York Insurance Association (NYIA) says the percentage of renters buying renters insurance has been falling nationally in recent years even as premiums become more affordable. According to a 2014 Insurance...
Hilton to Sell NYC’s Waldorf Astoria to China’s Anbang Insurance for $1.95B
Oct 6 2014 // Hilton Worldwide Holdings Inc., the world’s largest publicly traded hotel operator, agreed to sell the landmark Waldorf Astoria hotel in Manhattan to China’s Anbang Insurance Group Co. for $1.95 billion. Hilton...
People – East
Oct 6 2014 // Specialty insurance provider Assurant Inc. in New York has named Alan Colberg as president, effective immediately, and as chief executive officer and director of the company’s board, effective Jan. 1, 2015. Colberg...
N.Y. Requires State Agencies to Consider Extreme Weather
Oct 6 2014 // New York state agencies are required to consider the future likelihood of extreme weather in their decisions on public works projects, industrial and commercial permits and regulations, according to a new law signed on...
Business Moves
Oct 6 2014 // Berkshire Hathaway Specialty Berkshire Hathaway Specialty Insurance (BHSI) said it is entering the fidelity and crime insurance market, and has named Brian O’Neill to lead the effort. O’Neill joins BHSI with 30...
