Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
Sandy Victims Get 6 More Months to File FEMA Doc
Oct 3 2013 // Victims of Superstorm Sandy still fighting for a bigger insurance payment from the companies that administer the federal flood insurance program are getting a six-month extension to file critical paperwork. The Federal...
New Law: New York Considers First Tornado Warning System
Oct 2 2013 // New York is looking into creating its first statewide early warning system for tornadoes. A bill signed into law by Gov. Andrew Cuomo directs a review into the feasibility of installing a system. The system could involve...
Obamacare Day 1: Exchanges Struggled With High Demand; Fixes Promised
Oct 1 2013 // The Obamacare insurance exchanges struggled to handle a flood of consumer interest that closed the U.S. website for much of the day, and caused start up delays for most of the marketplaces run by the states. In New York,...
Judge Again Refuses to Exit New York AG’s Suit Against Greenberg
Oct 1 2013 // Former AIG Inc. Chairman Maurice “Hank” Greenberg lost a second bid to have a judge remove himself from an eight-year-old lawsuit brought by the New York attorney general’s office. Greenberg in July asked...
New York’s Lawsky Sees Obamacare as Model to Simplify Home Insurance
Oct 1 2013 // Homeowners’ insurance needs to be more standardized because customers are confused about what their policies protect, New York’s financial regulator said. Few fully understand all the complexities of their...
New York to Compensate Storm Victims for NFIP’s ‘Earth Movement’ Exclusion
Sep 30 2013 // New York will use part of its share of billions of dollars in federal Superstorm Sandy aid to “fully compensate” storm victims who had flood insurance claims denied because of a hard-to-understand rule barring...
Insurance Law, Regulation – Jim Wrynn’s Experience Covers It All
Sep 29 2013 // James J. Wrynn, Esq. served as New York’s Superintendent of Insurance from 2009 to 2012, when he joined the law firm of Goldberg Segalla LLP, which specializes in insurance law. His knowledge and experience are both...
New York Unveils Plan for ‘Texting Zones’ for Distracted Motorists
Sep 27 2013 // New York Gov. Andrew Cuomo this week continued the state’s efforts to reduce distracted driving by unveiling special “Texting Zones” along the New York State thruway and state highways that will give...
Quiet Atlantic Storm Season Humbles Forecasters
Sep 25 2013 // The 2013 Atlantic hurricane season is humbling forecasters by shaping up as the first in almost two decades without a major storm, confounding predictions that it would be more active than normal. It’s been two weeks...
FEMA Approved Over $1B in Assistance to Individuals, Families in N.Y. After Sandy
Sep 24 2013 // The Federal Emergency Management Agency announced this week that it has approved more than $1 billion in assistance to individuals and families in New York whose property was damaged or destroyed by Superstorm Sandy. This...
People – East
Sep 23 2013 // Selective Insurance Group in Branchville, N.J., selected John Marchioni as president and chief operating officer. Gregory Murphy, who remains chairman and chief executive officer, previously held the president...
Critics Say It’s Time for N.Y. to End 1885 Scaffold Law
Sep 23 2013 // Years before skyscrapers, when New York City’s tallest building was still the 281-foot spire of Wall Street’s historic Trinity Church, state lawmakers passed the Scaffold Law, which made property owners and...
Report: Traffic Accidents, Fatal Fires Down in New York City
Sep 22 2013 // New York City’s annual report card says the number of residents killed in traffic accidents plunged considerably over the last year. Mayor Michael Bloomberg’s management report said on Sept. 20 that in the...
N.Y. Proposes Sweeping Rules to Reform ‘Force-Placed’ Insurance Business
Sep 19 2013 // New York State officials today proposed a comprehensive set of rules to reform the “force-placed” — also known as “lender-placed” or “creditor-placed” — insurance industry in...
MetLife Says Regulators May Miss Key Insurer Risks with Focus on Bank Rules
Sep 19 2013 // Federal regulators may miss important threats to the financial stability of U.S. insurers by focusing on bank risks, MetLife Inc. Chief Financial Officer John Hele said. “Bank rules overlook key insurance...
State Insurance Regulators Invoke Jefferson to Limit Federal Role
Sep 18 2013 // State insurance regulators are drawing on the country’s founding principles as they resist international pressure to give the federal government a greater role in overseeing the industry. Ben Nelson, chief executive...
