Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
AIG Ex-CEO Greenberg Faces January Trial in Loss Reserving Lawsuit
Jul 30 2014 // Maurice “Hank” Greenberg, the former chairman of American International Group Inc., will go on trial in January after more than nine years of legal jousting over former New York Attorney General Eliot...
New York Lawmakers Push for Airline Safety Devices
Jul 29 2014 // Two U.S. legislators urged the government to study whether American passenger jets should be equipped with devices protecting them against missiles like the one that brought down a Malaysian airliner over Ukraine and...
Berkshire Specialty Enters Fiduciary Liability Segment, Hires Prussack as VP
Jul 28 2014 // Berkshire Hathaway Specialty Insurance (BHSI) has entered the fiduciary liability market and named Rhonda Prussack as vice president, Fiduciary Liability, to lead the effort. According to Dan Fortin, senior vice president,...
Rideshare Firm Lyft Works Out Deal to Operate in New York City
Jul 25 2014 // New York State officials announced today rideshare firm Lyft has agreed to operate in New York City in full compliance with existing laws and regulations. The announcement comes two weeks after the state’s attorney...
N.Y. Announces $175M Fund to Cover Local Costs of Post-Sandy Rebuilding
Jul 24 2014 // New York Gov. Andrew Cuomo announced on Wednesday $175 million in funding to cover local governments’ costs to repair and rebuild infrastructure damaged by Superstorm Sandy. When participating in FEMA’s Public...
Apollo’s Life Insurance Unit Athene Holding Said to Be Examined for Caesars Link
Jul 22 2014 // Apollo Global Management LLC’s dual stakes in an insurer and the largest operator of U.S. casinos are drawing scrutiny by New York’s top financial regulator, who doesn’t want policyholders exposed to the...
Will BNP Deal Expand Whistleblower Protections in Banking, Insurance?
Jul 22 2014 // BNP Paribas SA’s $9 billion settlement with U.S. authorities, aided by internal whistleblowers, has spurred calls for federal banking regulators to protect and reward individuals who report wrongdoing by banks. The...
Employee Wins Comp Benefits in N.Y. After Run-In With Co-Worker’s Husband
Jul 18 2014 // A former manager at a New York supermarket is due workers’ compensation benefits for his preexisting post-traumatic stress disorder condition, which was exacerbated during his employment because of threatening...
Report Says New York 7th in Highway Fatalities
Jul 18 2014 // Federal data show New York ranked seventh among states with 1,168 highway deaths in 2012. The National Highway Traffic and Safety Administration reports 33,561 road deaths that year nationally, up 3 percent from 2011. New...
New York AG Proposes Bill to Blunt Effect of Hobby Lobby Ruling
Jul 17 2014 // New York Attorney General Eric T. Schneiderman and the state’s Senate Democratic Conference Leader Andrea Stewart-Cousins said today they would propose legislation that would help to shield New York women from the...
N.Y. DFS Disapproves NYCIRB’s +6.8% Loss Cost Level Change Filing
Jul 17 2014 // The New York Compensation Insurance Rating Board (NYCIRB) announced in a bulletin yesterday that the New York Department of Financial Services (DFS) issued an opinion and decision letter disapproving the +6.8 percent...
New York Regulator Lawsky Proposes ‘BitLicense’ Regulatory Framework
Jul 17 2014 // New York’s financial regulation chief is proposing a “BitLicense” regulatory regime that he says will protect consumers and root out wrongdoing without stifling innovation by virtual-currency businesses...
Integro Appoints New U.S. Leadership in Boston, New York
Jul 16 2014 // Ruth Kilduff Insurance brokerage and risk management firm Integro appointed Ruth Kilduff as chairman, and Anne Anderson as president of its United States operations, Integro USA. Both Kilduff and Anderson are Integro...
MarshBerry Acquires Capital Management Advisor Gill & Roeser in N.Y.
Jul 16 2014 // MarshBerry has acquired the assets of Gill & Roeser Inc., a New York City-based boutique investment banking and reinsurance intermediary firm. Terms of the transaction were not disclosed. Gill & Roeser is an...
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...
