Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Judge: New York City Doesn’t Protect Disabled in Emergencies
Nov 11 2013 // A judge cited disabled Superstorm Sandy victims stranded in high-rise towers to illustrate his conclusion that New York City violated laws designed to protect the disabled — about 11 percent of the city’s more...
R-T Specialty Appoints Senior VP for Property Division in New York
Nov 8 2013 // R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group based in Chicago, announced the appointment of Meredith Dyson as a senior vice president for its property division. She is based in R-T Specialty’s...
AIG Settles Dispute Over Real Estate Executive Pay for $274M
Nov 7 2013 // American International Group Inc. has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008. The settlement came as a trial was due to...
Tough New DWI Laws Take Effect in New York
Nov 5 2013 // New York Governor Andrew Cuomo announced on Nov. 1 that individuals who drive drunk with a conditional license will now face a felony, which is the same penalty for those who drive drunk with a revoked license. Previously,...
Morgan Stanley Says AIG May Sue Over Mortgage Investments
Nov 5 2013 // Morgan Stanley, the sixth-largest U.S. bank by assets, said it may be sued by American International Group Inc. over mortgage-backed securities that the insurer bought before the financial crisis. AIG purchased $3.7...
IICF Northeast Announces Featured Speakers for Year-End Fundraising Dinner
Nov 4 2013 // The Insurance Industry Charitable Foundation (IICF) Northeast division announced three featured speakers who will be accepting grants for charities at its fundraising dinner on Wednesday Dec. 11, 2013 in New York City. The...
Confie Seguros Acquires DeFranco Insurance Agency in N.Y.
Nov 4 2013 // Confie Seguros, a national group of personal lines insurance brokers, announced its acquisition of DeFranco Insurance Agency Inc. in Niagara Falls, N.Y. DeFranco Insurance Agency specializes in the delivery and service of...
N.Y. Expects 100,000 to Change Health Insurance Under Federal Overhaul
Nov 4 2013 // New York health officials say that about 100,000 individuals will have to change their health insurance under the federal health care overhaul. According to the state Health Department, those changes are required where...
People – East
Nov 4 2013 // The Chubb Corp.’s board of directors announced John D. Finnegan, Chubb’s chairman, president and chief executive officer, will remain in his current roles until the end of 2016, breaking a Chubb policy that...
A Year After Sandy, a Slow Recovery for Thousands
Nov 4 2013 // A year after Superstorm Sandy catastrophically flooded vast swaths of eastern U.S. coastline, thousands of people still trying to fix their soaked and surf-battered homes are being stymied by bureaucracy, insurance...
New York Bans 12 Doctors From No-Fault Insurance Billing
Nov 1 2013 // New York officials have banned 12 doctors and six therapists from billing the state’s no-fault auto insurance system in an initiative to crack down on fraudulent medical mills costing hundreds of millions of...
AIG’s Q3 Profit Advances 17% to $2.17B; Property/Casualty Sales Decline
Nov 1 2013 // American International Group Inc., the insurer that repaid a U.S. rescue last year, said third- quarter profit climbed 17 percent as underwriting margins improved at the property-casualty business. Net income rose to $2.17...
New York Creating Gas Reserve to Prevent Shortages During Emergencies
Oct 30 2013 // New York Gov. Andrew Cuomo says New York is creating the nation’s first state gasoline reserve to prevent shortages during emergencies. Cuomo said Saturday that a pilot program on Long Island will hold 3 million...
Sandy Survivors Recall Challenges of Past Year
Oct 30 2013 // The trauma inflicted by Superstorm Sandy’s fierce floodwaters was etched on the faces of many homeowners Tuesday, a year after the storm made landfall, as they recalled the challenges they have faced during the past...
States Hit by Sandy to Get Next $5B of Recovery Funding
Oct 28 2013 // Federal officials on Monday unveiled plans for a second round of Superstorm Sandy disaster relief totaling $5 billion for five states and New York City, and they pledged that the pace of spending would pick up after a slow...
Study Tracks Latest Changes in N.Y. Workers’ Comp System After 2007 Reforms
Oct 28 2013 // The ongoing effects of workers’ compensation reforms enacted in New York in 2007 are monitored by the Workers Compensation Research Institute (WCRI) in a new study that focuses on objectives that are being achieved,...
N.Y. Announces Protocol for Insurers to Follow During Future Severe Storms
Oct 28 2013 // New York Governor Andrew Cuomo announced today that his administration has established a new emergency disaster protocol that insurers should expect to follow in the event of future severe storms and other natural...
Rising Cost of Flood Insurance Will Create Challenges for NYC: RAND
Oct 28 2013 // Some New York City residents may soon face sharp increases in their flood insurance premiums as a result of major changes occurring in the National Flood Insurance Program and the redrawing of flood maps that expand the...
How a Run-of-the-Mill Hurricane Mutated Into a Superstorm Named Sandy
Oct 28 2013 // It was the moment a run-of-the-mill hurricane mutated into a monster named Sandy. Paradoxically, it was the same time Sandy lost much of its wind power, dropping from a hurricane to a tropical storm. It was a Friday night...
Marsh & McLennan Climbs to Post-Spitzer High
Oct 28 2013 // Marsh & McLennan Cos., the biggest insurance broker by market value, has climbed to a 9-year high, bouncing back from the plunge that followed then-New York Attorney General Eliot Spitzer’s lawsuit against the...
