Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
AIG Settles for $650M from BofA in Mortgage Securities Fraud Case
Jul 16 2014 // Bank of America agreed to pay American International Group Inc. $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis. The deal, which the...
Report: Data Breaches Cost N.Y. Businesses $1.37B Last Year
Jul 15 2014 // Security breaches exposing consumers’ personal information are becoming larger and more frequent in New York, costing businesses more than $1.37 billion last year, the state attorney general’s office said. Data...
Former Dewey Law Firm Leaders Ask Judge to Dismiss Criminal Case
Jul 15 2014 // Former leaders of the defunct law firm Dewey & LeBoeuf have asked a New York state judge to dismiss criminal charges against them, saying they should not be made “scapegoats” for the firm’s...
Lyft Delays New York City Start, Avoids Court-Ordered Shutdown
Jul 15 2014 // Lyft Inc., the car-sharing business vying with Uber Technologies Inc. for customers hailing rides with smartphones, agreed to further postpone its start in New York City and avoided a court-ordered shutdown sought by the...
New York Disburses $185M in Homeland Security Grants
Jul 14 2014 // Cities and towns across New York state are set to receive $185 million for anti-terrorism initiatives, bomb squads, 911 upgrades and other homeland security-related programs. New York Gov. Andrew Cuomo announced the grants...
Rideshare Firm Lyft’s NYC Launch Postponed
Jul 14 2014 // The on-demand ride-sharing app Lyft postponed its scheduled launch in New York City last Friday while a New York state judge will wait to consider whether its planned operations violate state and local laws. The state...
Uber and Lyft Accelerate Cash Battle to Recruit Drivers
Jul 14 2014 // Uber Technologies Inc. and Lyft Inc. are racing to recruit drivers to spur the growth of their ride- sharing businesses. Stefanie Leifer recently found herself caught in the middle. Leifer has worked for San...
Cleanup From Deadly Thunderstorms Gets Underway in Eastern States
Jul 10 2014 // Residents of this rural central New York town on Wednesday picked through debris from homes battered by a deadly tornado, and utility crews worked to restore power in several Eastern states hit by severe storms. In all,...
U.S. Appeals Court Revives WTC Cleanup Workers’ Health Claims
Jul 10 2014 // A federal appeals court in New York has revived claims by 211 cleanup workers who sought compensation for their alleged exposure to toxic contaminants in buildings near the World Trade Center site after the Sept. 11, 2001,...
Napping Yankees Fan Files $10M Suit Against TV Announcers in N.Y.
Jul 10 2014 // A Yankees fan has filed a $10 million lawsuit in New York against two ESPN announcers contending they mocked him when he was caught on national television sleeping in his seat during a game at Yankee Stadium. Andrew Robert...
Cook Maran Appoints Commercial Lines Assistant Manager in New York
Jul 10 2014 // Cook Maran & Associates recently promoted Dan Edgett from commercial marketing representative to the newly created position of assistant manager in the commercial insurance department. Edgett will assume his new...
Severe Thunderstorms Leave 5 Dead, 200K Without Power in East
Jul 10 2014 // Severe thunderstorms packing strong winds swept through a number of Eastern states, killing five people, destroying or damaging numerous houses and leaving nearly 200,000 without power Wednesday, officials said. In central...
Rideshare Firm Lyft Hits Roadblock in NYC Ahead of Scheduled Start
Jul 10 2014 // Lyft Inc. isn’t authorized to offer ride sharing in New York, according to the city’s taxi regulator, just days before it was due to start service. The service hasn’t complied with safety requirements and...
6.5 Million Homes from Maine to Texas at Risk for Storm Surge: CoreLogic
Jul 10 2014 // More than 6.5 million homes along the U.S. Atlantic and Gulf coasts are at risk of storm surge inundation, representing nearly $1.5 trillion in total potential reconstruction costs. More than $986 billion of that risk is...
IFG Companies Hires President of Excess and Umbrella Business in N.Y.
Jul 9 2014 // IFG Companies hired Michael G. Vought as president of Excess and Umbrella. He will be based in IFG’s New York City office and will be responsible for building and leading IFG’s Excess and Umbrella business...
New York State Insurance Fund Celebrating Its 100th Year
Jul 9 2014 // The New York State Insurance Fund (NYSIF), a New York State agency established to provide a guaranteed source of workers’ compensation insurance coverage, is celebrating its centennial anniversary this month. NYSIF...
Empire State Building Owner Seeking Dismissal of Investor Lawsuit in N.Y.
Jul 8 2014 // The Empire State Building’s managers asked a judge to dismiss a lawsuit over claims they deprived thousands of early investors of as much as $410 million in profit when they took the New York skyscraper public. The...
Electric Cord Sparked Fire That Killed New York Firefighter
Jul 7 2014 // A blaze at a high-rise apartment in New York City that killed a fire lieutenant started in an air-conditioner electrical cord pinched between a bed frame and a wall, the fire commissioner said, adding that the fire had...
Business Moves
Jul 7 2014 // Arthur J. Gallagher, The Plus Cos., Tri-State General Arthur J. Gallagher & Co. has acquired The Plus Cos. Inc. (TPC) in Bridgewater, N.J. Terms were not disclosed. Established in 1985, TPC is a managing general agent...
NICB Reports on Most Stolen SUVs/CUVs
Jul 7 2014 // The National Insurance Crime Bureau (NICB) released a report on June 16 that examines thefts of sport utility vehicles (SUVs) and crossover utility vehicles (CUVs) reported stolen in the United States between Jan. 1, 2010...
