Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York to Opt Out of New Rules for Universal Life Insurance Policies
Sep 12 2013 // New York State’s financial-services regulator said rules adopted by state watchdogs for some life insurance contracts failed to boost reserves to adequate levels in the industry. Of sixteen companies that are major...
PwC US Names Managing Director for Actuarial and Insurance Management in N.Y.
Sep 11 2013 // PricewaterhouseCoopers US (PwC US) announced that Henry Essert joined PwC’s Actuarial and Insurance Management Solutions (AIMS) practice as a managing director in its New York office. In his new role, Essert will...
Coming Year Will See Big Changes at WTC Site in New York
Sep 10 2013 // Twelve years after terrorists destroyed the old World Trade Center, the new one is becoming a reality, with a museum remembering the attacks and two office towers where thousands of people will work set to open within the...
Insurance Pros in Politics: Insurance Veterans Elect to Also Work in State Legislatures
Sep 10 2013 // Running a successful insurance agency business is tough enough by itself but some insurance pros are taking it one step further. They manage to juggle multiple careers in insurance and politics. Pennsylvania State Sen....
JP Morgan, Assurant Settle Force-Placed Insurance Claims for $300M
Sep 10 2013 // JPMorgan Chase & Co and a major insurer have agreed to a $300 million settlement to resolve accusations that they forced homeowners into over-priced property insurance and entered into kickback arrangements that...
Bank of America, Merrill Settle Gender Bias Claims for $39M
Sep 9 2013 // Bank of America Corp. agreed to pay $39 million to settle a gender bias lawsuit by female brokers who claimed they were paid less than men and deprived of handling their fair share of lucrative accounts, court papers made...
People – Southeast
Sep 9 2013 // Aon Risk Solutions, the global risk management business of Aon, recently announced the addition of Christopher Cote as senior vice president in the Charlotte, N.C., office. In his new role, Cote will be responsible for...
FEMA Extends Hotel Stays for N.Y. Sandy Victims
Sep 6 2013 // Federal authorities have extended the amount of time New Yorkers can stay in hotels or motels if they can’t return to their homes because of damage from Superstorm Sandy. The Federal Emergency Management Agency said...
Obamacare Premiums Called Affordable in 17-State Survey
Sep 5 2013 // A 25-year-old New Yorker earning $25,000 a year will pay as little as $62 a month for health insurance next year, and a peer living in Vermont may pay nothing, according to a 17-state survey of premiums under the U.S....
XL Group Assembles Crisis Management Team in U.S.
Sep 4 2013 // XL Group has added a crisis management team to provide corporate clients in the U.S. with product recall, war, terrorism and political violence, kidnap, ransom, and extortion insurance. Led by Denise Balan in New York, the...
Ironshore Appoints Senior VP of Northeast Region
Sep 3 2013 // Bermuda-based specialty insurer Ironshore Inc. appointed Aileen Marchese as senior vice president of the Northeast Region. Based in New York, Marchese will be responsible for the management, oversight and operational...
Tough-to-Kill New York Buses Drive Through U.S. Law’s Loopholes
Sep 3 2013 // Outside New York’s Winter Garden Theatre, where “Mamma Mia” is nearing the end of a 13-year Broadway run, unwitting tourists board a bus bearing the name of a company U.S. regulators tried to close two...
Critics Say It’s Time New York Ends 1885 Scaffold Law
Sep 1 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...
Top New York Court to Decide Whether Towns Can Ban Fracking
Aug 29 2013 // New York’s highest court agreed to decide whether towns and cities have the power to pass anti-fracking laws. The Court of Appeals in Albany today said it will hear arguments in lawsuits seeking to block drilling...
New York’s Highest Court to Hear Appeals in Fracking Cases
Aug 29 2013 // New York’s highest court will hear appeals in cases related to anti-fracking laws passed in two towns that were upheld by lower courts. The Court of Appeals in Albany will review decisions where the intermediate...
Lloyd’s Internal Probe Said to Be Focus of New York’s Iran Sanctions Inquiry
Aug 29 2013 // A New York regulatory investigation of Lloyd’s of London for possible violations of Iran sanctions law has led to a government request for files of an internal probe by the insurer, a person familiar with the matter...
Blackstone Settles IPO Disclosure Lawsuit for $85 Million
Aug 29 2013 // Blackstone Group LP reached an $85 million settlement with investors over claims it made misrepresentations about its initial public offering. A U.S. appeals court in 2011 reversed the dismissal of a proposed class-action...
Cooper Gay Re North America Appoints Managing Director in New York
Aug 26 2013 // Cooper Gay Re North America appointed Norman Gayle as managing director. He joins the executive team working from the head office in downtown New York. He and his team will focus on production and strategic planning and...
AIG to Get $905 Million From Brookfield to End Rate-Swap Dispute
Aug 26 2013 // American International Group Inc., the insurer that repaid a U.S. rescue last year, agreed to accept $905 million from Brookfield Asset Management Inc. to resolve a dispute tied to interest-rate swaps. Brookfield,...
Do Big Malpractice Awards Really Increase Medical Costs?
Aug 25 2013 // A jury in one of New York’s most conservative counties recently returned a $130 million verdict in a medical-malpractice case, the second-largest in the state’s history. Lawyers for the losing hospital decried...
