Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Lawmakers Pass Tax Relief Bill for Sandy Victims
May 22 2014 // New York state lawmakers have passed legislation proposed by New York City Mayor Bill de Blasio that would prevent higher tax bills for city residents who rebuilt or repaired their homes after they were damaged by...
New York AG Says AIG’s Lawsuit Is Bid to Hobble Unlicensed Sales Probe
May 21 2014 // New York Attorney General Eric Schneiderman asked a judge to dismiss American International Group Inc.’s lawsuit against the state’s top financial regulator, saying the insurer is trying to interfere with a...
N.Y. Calls for More Oversight for Investment Firms’ Acquisitions of Insurers
May 20 2014 // The New York Department of Financial Services (DFS) has proposed new regulations to oversee private equity and investment firms’ acquisitions of insurance companies, especially acquisitions of annuity companies, in...
People – East
May 19 2014 // Chester A. McPherson, who has been serving as interim commissioner for the Washington, D.C., Department of Insurance, Securities and Banking (DISB), has been appointed as acting commissioner, D.C. Mayor Vincent C....
People
May 19 2014 // Chester A. McPherson, who has been serving as interim commissioner for the Washington, D.C., Department of Insurance, Securities and Banking (DISB), has been appointed as acting commissioner, D.C. Mayor Vincent C....
N.Y. Plastic Surgeon’s Insurer to Pay for $2.3M Settlement in Death Case
May 15 2014 // A plastic surgeon who has appeared on television to talk about the procedures she offers has settled with the family of a New York woman who died following a liposuction procedure. Legal documents filed last week say Dr....
Insurers Pull Back on Trade Credit Coverage for Sears Suppliers
May 15 2014 // Insurance companies that provide protection to Sears Holdings Corp. suppliers have scaled back policies in recent months, people with knowledge of the matter said, following seven years of declining sales at the...
AIG Completes $7.6 Billion ILFC Sale to AerCap
May 15 2014 // AerCap Holdings NV completed its $7.6 billion purchase of International Lease Finance Corp., creating the largest independent jet-leasing firm and a windfall for seller American International Group Inc. ILFC, which...
Judge Strikes Down N.Y. Attorney General’s Subpoena for Airbnb User Data
May 14 2014 // New York’s investigation into whether Airbnb Inc. allows users to run illegal hotels hit a setback when a judge ruled that a request for information about the service’s rental home providers was too...
AIG Could Gain Extra $2 Billion in Sale of Plane Leasing Unit
May 14 2014 // American International Group Inc. stands to get an extra $2 billion from the cash-and-stock sale of its plane-leasing unit after acquirer AerCap Holdings NV almost doubled in New York trading. AerCap has jumped since...
Ex-Executive’s Lawsuit Alleges AIG Defrauded U.S. in Bailout
May 14 2014 // American International Group Inc. defrauded the U.S. by failing to disclose it was selling insurance without a license during negotiations with the government over a bailout in the financial crisis, a former executive...
New York Gov. Cuomo: MTA Needs Plan to Reinvent Transit System
May 9 2014 // The Metropolitan Transportation Authority should come up with a plan to get the system ready “for the challenges of the next century,” New York Gov. Andrew Cuomo said Wednesday in a letter to the head of the...
New York’s Assurant Says CEO Pollock Plans to Retire at End of 2014
May 8 2014 // Assurant Inc., a New York-based provider of specialty insurance and insurance-related products and services, announced its president and chief executive officer Robert B. Pollock, 59, plans to retire as an officer and...
N.Y. Senate OKs Bill Mandating Alcohol Tests After Bad Car Crashes
May 7 2014 // New York State senators have voted to require blood-alcohol tests of all drivers following serious accidents. The Senate passed the legislation on Monday. It would mandate that police test the alcohol levels of all drivers...
Court Exempts Airlines from Developer’s Sept. 11 Environmental Claim
May 7 2014 // American Airlines, United Airlines and the World Trade Center leaseholder do not have to pay a property developer environmental cleanup costs from the Sept. 11, 2001 hijacked plane attacks, a U.S. appeals court ruled on...
Conner Strong & Buckelew Names Motherway President of N.Y. Operations
May 5 2014 // Conner Strong & Buckelew, an insurance, risk management and employee benefits brokerage and consulting firm, recently hired Bill Motherway as president of the firm’s New York operations. A 30-year veteran of the...
Ex-CEO Admits Stealing From Charity With Insurance Scam
May 5 2014 // The politically connected former CEO of a prominent New York City charity admitted on April 23 he helped steal more than $9 million from the organization in an insurance scheme that authorities linked to campaign...
Report: Small Businesses Still Feel Effects of Superstorm Sandy
May 5 2014 // When suburban New York delicatessen owner P.J. Whelan heard the findings of a Federal Reserve Bank of New York poll released on April 21 regarding Superstorm Sandy’s effect on small businesses, he began nodding in...
People – East
May 5 2014 // Marsh & McLennan Companies Inc. has appointed Eddie Dunn as director, Military and Veteran Affairs. In this role, Dunn will support the U.S. Veterans Talent Initiative that Marsh & McLennan announced last...
CSX Oil Tank Cars Derail, Catch Fire in Lynchburg, Virginia
May 1 2014 // A CSX Corp. crude train derailed in Lynchburg, Virginia, Wednesday, sparking a fire in at least three tank cars, spilling oil into a river and forcing a partial evacuation of the city’s downtown. No injuries were...
