Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Study: Due to Rising Sea Levels, Small Storms Could Produce Significant Flooding
Oct 21 2013 // Almost a year after Superstorm Sandy, parts of New York and New Jersey are still recovering from billions of dollars in flood damage. And a new study says that in the future, storms smaller than Sandy may be able to...
New York’s Top Court Clarifies Vandalism Insurance
Oct 21 2013 // The top New York court says property insurance against vandalism includes coverage for malicious damage that isn’t specifically aimed at the insured property. The ruling comes from a claim by Georgitsi Realty, owner...
States Going After Employers Who Misclassify Workers as Independent Contractors
Oct 18 2013 // When construction slowed during the recession, some companies hired workers and wrongly designated them as independent contractors to avoid paying insurance, taxes, fair wages and overtime. Danny Odom, chief operating...
Geithner Rejects Greenberg Bid for Draft of Book on AIG Bailout
Oct 17 2013 // Former Treasury Secretary Timothy Geithner joined the Federal Reserve Bank of New York in declining to give drafts of a book he’s writing to Maurice “Hank” Greenberg for Greenberg’s lawsuit...
Ex-Players Oppose NFL Image Rights Settlement
Oct 17 2013 // Years away from the field, former National Football League players including Jim Brown, Preston Pearson and Reggie Rucker are set to clash in court with retirees Mark Gastineau, Dan Pastorini, Dave Casper and others. At...
N.Y.-Based Vanderbilt Properties Insurance Brokerage Names CEO
Oct 17 2013 // Vanderbilt Properties Insurance Brokerage and Risk Management LLC, a New York-based specialist in insurance program administration for the real estate industry, promoted Alnoor S. Ladha to president and chief executive...
A.M. Best, Fitch Explain Recent Downgrades of Tower Group
Oct 16 2013 // Rating agencies have downgraded Tower Group following the insurer’s announcement of loss reserve and goodwill charges in excess of what was expected. Tower has said that the company’s board of directors is...
Hiscox Appoints General Liability Underwriting Leader in New York
Oct 16 2013 // Hiscox, the international specialist insurer, today announced that Angela Adams has been appointed as vice president, general liability underwriting leader, for Hiscox USA based out of the company’s New York...
New York City Buys 1st Superstorm Sandy-Damaged Home
Oct 14 2013 // New York City announced its first purchase of a home damaged by Superstorm Sandy on Oct. 10, acquiring property from a Staten Island woman whose husband and daughter were killed during the historic storm. Mayor Michael...
Judge Temporarily Halts New York AG Suit Against Greenberg
Oct 11 2013 // Former American International Group (AIG) Chief Executive Maurice “Hank” Greenberg on Thursday won a short reprieve from New York’s case accusing him of orchestrating sham transactions at AIG. State...
AIG Sued by Small Businesses Over Workers’ Compensation Reporting
Oct 10 2013 // Class action lawsuits in federal courts on both coasts have been initiated on behalf of small businesses in California, New York and New Jersey against American International Group (AIG) over workers’ compensation...
N.Y. Reports 40,000 Enrolled in State’s Health Care Marketplace During First Week
Oct 10 2013 // New York State officials say 40,000 New Yorkers have signed up for health insurance in the first week of operation for the new state-run marketplace that includes low-cost plans. The NY State of Health says its website has...
After Superstorm Sandy, Some New York Artists Struggle to Come Back
Oct 10 2013 // When Superstorm Sandy slammed into New York City last October, much of abstract painter Ronnie Landfield’s life’s work lay submerged under 28 inches of water in his Manhattan studio, where he had lived and...
NYC Mayor Warns Government Shutdown Could Delay Aid for Sandy Victims
Oct 8 2013 // A continuing federal government shutdown could delay distributing federal aid to Hurricane Sandy victims, New York City Mayor Michael Bloomberg warned. Mayor Bloomberg said during his Oct. 6 radio address that it has...
New York Bans Fund Manager Falcone From Insurance Unit
Oct 7 2013 // Hedge fund manager Philip Falcone, banned from the securities industry for five years by U.S. regulators, is also being banned for seven years from decision-making roles at Fidelity & Guaranty Life Insurance, a unit...
NYC Marathon Balances Security Worries Post-Boston
Oct 7 2013 // The New York City Marathon’s finish area will again fill with spectators, some carrying bags. More bomb-sniffing dogs also will be roaming around. Less than seven months after the attack on the Boston Marathon,...
N.Y. Eyes Reform for Force-Placed Insurance
Oct 7 2013 // New York State officials last month proposed a comprehensive set of rules to reform the “force-placed” – also known as “lender-placed” or “creditor-placed” – insurance industry in...
New York Second in Nation for Questionable Workers’ Compensation Claims
Oct 4 2013 // New York State is second in the nation, only behind California, for questionable workers’ compensation insurance claims. The Empire State jumped to the second place in 2012 from fifth in 2011, the New York Insurance...
First Superstorm Sandy Home Buyout Set to Close in New York
Oct 4 2013 // Even when Superstorm Sandy killed their neighbors and flooded their house, Frank and Mary Lettieri vowed to stay in the Staten Island, New York, home where they raised five children. But with a popular home buyback program...
Confie Seguros Buys 2 Agencies in New York, 1 in Texas
Oct 4 2013 // Personal lines insurance brokerage Confie Seguros, has acquired three additional brokers — two in New York and one in Texas. Terms were not disclosed. The insurance brokerages acquired are: James S. Sullivan Agency and...
