Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Dennis Busti, CEO of Saul Steinberg Insurance Unit, Dies at 71
Dec 17 2013 // Dennis Busti, who played a leading role in building the insurance business that tracked the rise and fall of corporate raider Saul Steinberg, has died. He was 71. He died on Dec. 14 at his home in Eastchester, New York,...
New York Catholic Groups Win Challenge to Obamacare Birth Control Mandate
Dec 16 2013 // A group of Catholic health and educational organizations doesn’t have to comply with federal Affordable Care Act requirements to ensure employees receive insurance coverage for contraceptives, a New York federal...
Feds to Examine New York’s Metro-North Railroad for 2 Months
Dec 16 2013 // Federal experts will spend the next two months examining safety compliance and safety culture at a commuter railroad that operated a train that derailed and killed four people this month.Metro-North derailment scene in...
People
Dec 16 2013 // Glenn RenwickThe Progressive Corp., based in Mayfield Village, Ohio, named Chief Executive Officer Glenn Renwick as chairman of its board of directors following the death of the company’s previous chairman, Peter B....
Broker Pleads Guilty in NYC Charity Theft, Faces Up to 25 Years in Prison
Dec 13 2013 // An insurance brokerage owner has admitted to helping a longtime Jewish community leader steal more than $7 million from a prominent New York City charity has pleaded guilty to charges The New York Times says Joseph Ross...
New York Official Pushes ‘Kill Switch’ for Cellphones
Dec 12 2013 // New York State Attorney General Eric Schneiderman is pressing wireless carriers to put safety over profits in his effort to require anti-theft measures to be installed in smartphones. The Democrat is sending letters...
IICF Northeast Division Awards 16 New Grants Totaling $879,000
Dec 12 2013 // The Insurance Industry Charitable Foundation (IICF) Northeast division announced 16 charitable grants at its seventh annual benefit dinner on Wednesday. The total amount of the grants is $879,000. Lisa Tepper, chair of the...
NTSB: Technology Upgrade Likely Could Have Prevented N.Y. Train Derailment
Dec 12 2013 // Federal safety officials say a technology upgrade they’ve been recommending for years would probably have prevented the Dec. 1 train derailment that killed four people in New York.Metro-North derailment scene in...
Former Tower Group Exec Joins Capacity Coverage Co. of New Jersey
Dec 12 2013 // Capacity Holdings Group and Capacity Coverage Company of New Jersey Inc., a N.J.-based retail and wholesale insurance brokerage, hired Gary Maier as senior executive vice president. In his new role, Maier will concentrate...
Bond Managers Gain as Pension Funds Flock to Catastrophe Risk
Dec 12 2013 // Funds specializing in insurance-linked risks such as catastrophe bonds are benefiting as the $30 trillion pension industry increases bets in a market that hasn’t posted an annual loss. At Leadenhall Capital Partners...
Audit Targets Safety on New York State Railroad Bridges
Dec 11 2013 // The New York State’s Department of Transportation lacked records to show adequate and updated safety plans and inspections for many railroad bridges statewide, according to an audit being released by the state...
Q&A: Liability Insurance Implication for Admitting Wrongdoing in SEC Settlements
Dec 11 2013 // Earlier this year, the U.S. Securities and Exchange Commission reached a settlement with New York-based hedge fund adviser Philip A. Falcone and his advisory firm Harbinger Capital Partners. The agreement was the first to...
First Niagara Risk Management in New York Announces 2 Promotions
Dec 10 2013 // First Niagara Risk Management Inc., a Buffalo, N.Y.-based insurance brokerage, promoted Kim McGillicuddy to senior vice president. McGillicuddy has been serving as enterprise sales leader and is responsible for developing,...
Utica National in New York Announces 2 Executive Changes
Dec 9 2013 // New Hartford, N.Y.-based Utica National Insurance Group announced two changes in the executive leadership team. Brian Lytwynec was named to the newly created position of assistant to the chairman and chief strategy...
New York Train Wreck Could Be Case of Highway Hypnosis
Dec 9 2013 // It’s sometimes called highway hypnosis or white-line fever, and it’s familiar to anyone who has driven long distances along a monotonous route.Metro-North derailment scene in Bronx, N.Y. on Dec. 2. Photo:...
After Derailment, Feds Order Changes at New York Railway
Dec 9 2013 // U.S. transportation officials ordered the Metro-North Railroad last Friday to quickly overhaul its signal system and temporarily put an extra worker in the driver’s cab on some routes that have major speed changes,...
New York Insurers Predict Spike in Health Exchange Use
Dec 6 2013 // Two start-up insurers in the New York health exchange, one promising unlimited telemedicine, say customer queries have been rising rapidly and they expect enrollment spikes by the new Dec. 23 deadline for coverage next...
New York Train Wreck Engineer Suspended Without Pay
Dec 6 2013 // The engineer driving the speeding commuter train that derailed in New York City last weekend, killing four people, has been suspended without pay, a railroad spokesman said Thursday.Metro-North derailment scene in Bronx,...
New York Officials Settle With Markel for College Insurance Refunds
Dec 5 2013 // New York officials say they’ve reached a settlement with Markel Insurance Co. that will result in $2.75 million in restitution to college students who were overcharged for insurance. The New York Attorney...
Analysis: 2 Factors Key to Lawsuits Over New York Train Crash
Dec 5 2013 // For lawyers preparing to sue over Sunday’s deadly New York commuter rail accident, their success in court may depend largely on two factors: whether human error caused the derailment and if state or federal law...
