Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Travelers Insurance Off Hook for $30M Trademark Claim: Court
Aug 28 2014 // Travelers Companies Inc.’s U.S. Fidelity & Guaranty doesn’t have to pay a $30 million judgment in a trademark infringement case against one of its insureds. The insurance company filed suit in federal court...
U.S. Loses Bid to Dismiss $25B Lawsuit Over AIG Bailout
Aug 27 2014 // A federal judge has rejected the United States’ bid to dismiss a more than $25 billion lawsuit filed by Maurice “Hank” Greenberg, the former chief executive of American International Group Inc., over the...
New York to Receive $800M in Bank of America Settlement
Aug 22 2014 // New York state will get $800 million as its share of a national $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, New York...
Report: Injury Claims Against NYC Correction Dept. Doubled in 5 Years
Aug 21 2014 // A new analysis published by the New York City comptroller’s office shows there were 2,245 personal injury correctional facility claims filed against the city’s Department of Correction in fiscal year 2014 which...
N.Y. Man to Be Freed in Discredited Arson-Science Case
Aug 21 2014 // A New York City man who has spent 24 years in prison for setting a fire that killed his daughter will be released from custody while prosecutors decide whether to retry him. U.S. District Judge William Nealon on Tuesday...
N.Y. Gov. Issues Consumer Alert on Potential Home Repair Scams
Aug 20 2014 // New York Gov. Andrew M. Cuomo issued a consumer alert warning homeowners to protect themselves against home repair scams, which may arise in wake of the recent flooding that occurred on Long Island. “Unfortunately,...
New York Public Hospital Gets $117M in Sandy Aid
Aug 18 2014 // The city’s public hospital system will receive more than $117 million in federal aid for repairs to Bellevue Hospital Center for damage related to Superstorm Sandy, the state’s two U.S. senators said on August...
MEMIC Hires 2 Senior Underwriters in New York
Aug 15 2014 // The MEMIC Group, a workers’ compensation insurer in Portland, Maine, hired Steven Crobar and Margaret Templeton as senior production underwriters to serve its agents in the state of New York. Together, Crobar and...
Other Social Media Back Facebook in New York Privacy Case
Aug 13 2014 // Facebook’s fight against prosecutors over nearly 400 search warrants for users’ postings and other data is drawing support from other social media companies and civil libertarians. Lawyers for Foursquare,...
NYC Doesn’t Track Sightseeing Bus Accidents
Aug 12 2014 // Companies that run New York City’s growing armada of double-decker sightseeing buses, like the ones involved in last week’s Times Square crash, have no legal obligation to report accidents to the city agency...
NYS Comp Board Vice Chair’s Laptop, Phones Seized: Report
Aug 12 2014 // Agents from the office of New York Attorney General and the FBI last week seized documents, a laptop and cell phones belonging to Frances Libous, vice chair of the New York State Workers’ Compensation Board and wife...
Arthur J. Gallagher Acquires Cowles & Connell in N.Y.
Aug 12 2014 // Arthur J. Gallagher & Co. announced the acquisition of Cowles & Connell based in Brewster, New York and Meriden, Connecticut. Terms of the transaction were not disclosed. Established in 1892, Cowles &...
N.Y. Uber Drivers Flock to Hamptons for Summer ‘Pop-Up’ Market
Aug 11 2014 // Like many New York City dwellers, Adam Cosentino’s summer ritual includes making the 100-mile trek to the beach towns of the Hamptons every weekend. The 43-year-old isn’t making the journey to play with the...
Marsh Exec Joins BB&T’s Premium Finance Subsidiaries in N.Y.
Aug 7 2014 // Winston-Salem, N.C.-based BB&T Corp.’s three insurance premium finance subsidiaries — AFCO and Prime Rate Premium Finance Companies in the U.S., and CAFO in Canada — appointed James D. Williamson as...
New York’s Breezy Point Dune Plan Passes First Review
Aug 6 2014 // A multimillion-dollar request to the federal government for a grant to build a dune system and other coastal protections for a Queens, New York, neighborhood that lost 355 homes to fire and flooding during Superstorm Sandy...
Confie Seguros Acquires Brokerages in New York, Texas, South Carolina
Aug 6 2014 // Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, has acquired three insurance brokerages. Among these additions is Bower Insurance, an agency in Lockport, New York,...
Obama Administration Weighing Options to Curb Corporate Inversions
Aug 6 2014 // The U.S. Treasury Department is examining unilateral actions to curb corporate inversions, reversing its position that only Congress has the authority to stop or slow the deals. About three weeks after Secretary Jacob J....
New York Man Awarded $2.3M in Med Mal Lawsuit
Aug 5 2014 // A jury has awarded $2.3 million to a Rockland County, New York, man who said the head of Nyack Hospital’s orthopedic surgery left a serious infection untreated. The Journal News says the jury found Dr. Jason Fond...
New York Investigates Mortgage Firm Ocwen’s Insurance Deal
Aug 4 2014 // New York’s banking regulator asked Ocwen Financial Corp. for information about an insurance agreement that it says may be designed to funnel fees to an affiliate for minimal work. Benjamin Lawsky, the superintendent...
Wholesale Trading Co-Op Hires Casualty Broker in New York
Aug 4 2014 // Wholesale Trading Co-Op Insurance Services (WTCI) has hired Jennifer Terra as vice president/casualty broker. Terra joins WTCI from Partners Specialty Group, where she specialized in the analysis and placement of complex...
