Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Ascot Underwriting to Open Office in New York City
Apr 17 2013 // Ascot Underwriting Ltd. announced that its office in New York, led by Paul Amrose, Chief Underwriting Officer Ascot Fac, will open for business on the 20th of May, when he and his team will relocate from Hartford to the...
Gun Liability Insurance Measures Facing Uphill Battle in State Legislatures
Apr 12 2013 // While lawmakers in most states have introduced measures in their current legislative sessions that address gun control and gun liability issues, their approaches vary widely, largely depending on the area of the country in...
Cuomo: Workers’ Comp Reform to Bring $800M Savings to N.Y. Employers
Apr 10 2013 // New York Gov. Andrew Cuomo said this week that employers in the state are poised to save some $800 million annually, thanks to reforms in the state workers’ compensation system that were included in the recently...
In New York, Sandy Cleanup Work in 3 Long Island Towns Probed
Apr 10 2013 // The Suffolk County district attorney’s office has issued subpoenas to three Long Island towns as it investigates how local governments spent tens of millions of taxpayers’ money on Sandy cleanup. According to...
Lawsky Urges Fellow Regulators to Reform Force-Placed Insurance Market
Apr 9 2013 // New York Financial Services Superintendent Benjamin Lawsky, whose department reached a settlement with the country’s largest “force-placed” or “lender-placed” insurer Assurant last month, is...
Bond Insurer’s Settlement with IRS Puts It on Track to Emerge from Bankruptcy
Apr 9 2013 // Ambac Financial Group Inc. on Monday said it has reached a $101.9 million settlement of a dispute with the Internal Revenue Service, a key step in the bond insurer’s effort to emerge from bankruptcy. The settlement...
Closing N.Y.’s Reopened Case Fund May Leave Workers’ Comp Insurers Under-Reserved
Apr 8 2013 // An industry executive warned recently that a set of proposed changes in New York could leave workers’ comp insurers under-reserved. Julia Stenberg, an assistant vice president and actuary at CNA insurance companies,...
Mortgage Lender Charged with Defrauding Government Insurer
Apr 8 2013 // The United States last Thursday sued a New York mortgage company it said defrauded the federal government into insuring poor quality home loans, costing taxpayers millions of dollars. In a civil lawsuit filed in Manhattan...
People
Apr 8 2013 // Aon Risk Solutions, the global risk management business of Aon plc, has promoted Matthew Schneider to chief operating officer for the Greater New York region. Based in Aon’s New York office, Schneider will focus on...
N.Y. Charities to Provide 200 Coordinators to Help in Storm Recovery
Apr 5 2013 // New York officials and Catholic Charities have announced a $38.5 million program to provide more than 200 coordinators to help residents hurt by Superstorm Sandy recover and get access to needed services. The Disaster Case...
Congressional Aide McCabe Joins Marsh Cyber Security Practice
Apr 5 2013 // Matt McCabe, a former congressional advisor on cyber security, has joined Marsh’s Network Security and Privacy Practice as a senior vice president. In his new role, McCabe will be responsible for advising Marsh...
N.Y. Congresswoman Receives Death Threats Over Gun Liability Insurance Bill
Apr 4 2013 // A New York congresswoman who recently proposed federal legislation that would require gun owners to buy liability insurance said she has been receiving death threats over her proposal. Rep. Carolyn Maloney, D-N.Y., issued...
Kaufman Financial Acquires Global Excess Partners in New York
Apr 2 2013 // The H.W. Kaufman Financial Group said it has acquired Global Excess Partners, a New York City-based specialty insurance organization that offers underwriting programs on behalf of Lloyd’s and other carriers and is...
5 Months After Sandy, More Than 2,000 Storm Victims Still Living in N.Y. Hotels
Apr 1 2013 // More than 2,000 people displaced by Superstorm Sandy are still living in New York City hotels five months after the storm. The New York Times reported on March 29 that the Federal Emergency Management Agency is paying for...
U.S. Announces $1.4B in Sandy Transit Aid to New York, New Jersey
Apr 1 2013 // The federal government announced $1.4 billion in aid last Friday, March 29, to transit agencies affected by Superstorm Sandy. Most of the aid announced by U.S. Transportation Secretary Ray LaHood is going to four agencies...
N.Y. Nassau Coliseum Workers to File Suits Over Asbestos Exposure
Mar 27 2013 // More than 100 workers are alleging that long-term exposure to asbestos at Nassau Coliseum has made them seriously ill. The plaintiffs represent current and former employees of the county-owned arena. They include...
Aon Risk Solutions Names COO for Greater New York Region
Mar 26 2013 // Aon Risk Solutions, the global risk management business of Aon plc, announced the promotion of Matthew Schneider as chief operating officer for the Greater New York region.Matthew SchneiderBased in Aon’s New York...
Bankers to Be Held Personally Liable for Sanctions Violations: U.S. Treasury
Mar 26 2013 // The U.S. Treasury Department plans to hold bankers personally responsible and subject them to fines when their banks help countries such as Iran evade economic sanctions. The shift is in line with recently declared...
NYCIRB Examines N.Y.’s Proposed Workers’ Comp Reform Bills
Mar 22 2013 // New York Gov. Andrew Cuomo’s workers’ compensation reform proposals are expected to bring overall net savings to employers, according to analysis from the New York Compensation Insurance Rating Board...
Wells Fargo Insurance Names Head of M&A Group in New York
Mar 21 2013 // Wells Fargo Insurance, part of Wells Fargo & Company, named Richard Colton head of its mergers and acquisitions industry practice. Based in New York, he will report to Peter Gilbertson, regional managing director for...
