Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
HSBC to Pay Record $1.9 Billion U.S. Fine to Settle Money Laundering Case
Dec 11 2012 // HSBC Holdings Plc has agreed to pay $1.92 billion to settle a multi-year U.S. criminal probe into money-laundering lapses at the British lender, the largest penalty ever paid by a bank. HSBC admitted to a breakdown of...
New York Superstorm Warnings Went Unheeded for Decades, Observers Say
Dec 9 2012 // More than three decades before Superstorm Sandy, a state law and a series of legislative reports began warning New York politicians to prepare for a storm of historic proportions, spelling out scenarios eerily similar to...
Cook, Hall & Hyde Completes Merger With Maran Corporate Risk in N.Y.
Dec 6 2012 // Two insurance brokerages in the Metro New York region — Cook, Hall & Hyde and Maran Corporate Risk Associates — finalized their merger that was initially announced in September.The employees of Cook Maran and...
Surge in New York City Fires After Superstorm Sandy
Dec 5 2012 // The Fire Department of the City of New York (FDNY) responded to about 37 percent more fires last month.Over 100 houses in Breezy Point, N.Y., burned to the ground as flood waters isolated the community from fireman. U.S....
Commentary: Houseless After Sandy, Until the Insurance Money Kicks In
Dec 5 2012 // (The author is a Reuters contributor. The opinions expressed are her own.) It took one day for Superstorm Sandy to destroy my house. So far, it’s taken more than a month for insurance to help me get back in. The last...
NYC Marathon Organizers Likely to Get Millions From Event Insurance
Dec 5 2012 // The New York Road Runners — a non-profit community running group and the organizer of the annual New York City Marathon — could get millions of dollars in insurance proceeds thanks to its event cancellation...
N.Y. Sen. Schumer: Officials in Intense Lobbying Effort for Federal Sandy Aid
Dec 3 2012 // New York Sen. Charles Schumer says New York expects to get tens of billions of dollars in federal money to cover damages from Superstorm Sandy.Sen. Schumer, second from right, surveying Sandy damages at NYU Langone Medical...
N.Y. Liberty Island, Home of Statue of Liberty, Still Closed Post-Sandy
Dec 3 2012 // The Statue of Liberty survived Superstorm Sandy with every crown spike in place, but its surrounding island was so badly damaged that the National Park Service doesn’t know when the beloved tourist attraction will...
Rising Cost of Sandy Damages
Dec 3 2012 // It’s been a month since Superstorm Sandy wreaked havoc along the East Coast, devastating coastal towns and bringing a record storm surge and flooding and prolonged power outages. And the cost keeps rising. On Nov....
Cold, Mold Loom as Hazards in Sandy Disaster Zones
Dec 2 2012 // A month after Sandy’s floodwaters swept up his block, punched a hole in his foundation and drowned his furnace, John Frawley still has no electricity or heat in his dilapidated home on the Rockaway seashore in...
Heffernan’s N.Y. Branch Names Director of Commercial Lines & Marketing
Nov 30 2012 // California-based Heffernan Insurance Brokers recently hired Jason C. Cavallo to join its New York office as director of commercial lines and marketing, focusing on new business development and management of commercial...
N.Y. Law Firm Nelson Levine Hires 2 Attorneys From Harleysville, MetLife
Nov 30 2012 // Targeting strategic expansion, Nelson Levine de Luca & Hamilton, a New York-headquartered national law firm serving the insurance industry, announced that Louis H. Kozloff has joined as a partner in the Insurance...
N.Y. High Court Says Affair Is Medical Malpractice
Nov 30 2012 // New York’s highest court says it was medical malpractice for a Long Island family doctor to have an affair with a married patient he treated for anxiety and depression but also ruled she shares fault since they both...
New York Gov. Cuomo Orders Insurers to Speed Up Sandy Claims
Nov 30 2012 // New York Governor Andrew Cuomo on Thursday imposed emergency regulations on insurers to speed the processing of claims from hundreds of thousands of state residents whose properties were damaged or destroyed when...
NYSIF Announces Payment Extension for Policyholders Affected by Sandy
Nov 29 2012 // New York State Insurance Fund, New York’s largest workers’ compensation and disability benefits carrier, announced Wednesday that it is extending payment deadlines for all policyholders directly affected by...
Assurant Appoints Senior VP of Corporate Development in New York
Nov 29 2012 // Assurant Inc., a provider of specialty insurance and insurance-related products and services, appointed Larry N. Port to the position of senior vice president, corporate development. He is based in Assurant’s...
New York Gov. Cuomo Proposes $9B for Storm Damage Prevention
Nov 29 2012 // New York Gov. Andrew Cuomo wants huge electrical transformers in commercial buildings hauled to upper floors and wants the ability to shutter key tunnels, airports and subways from floodwaters as part of a $9 billion plan...
White House Request for Sandy Aid Expected to Include Flood Insurance Funds
Nov 28 2012 // The White House is expected in the coming days to send Congress a multibillion dollar request to fund recovery from Superstorm Sandy, which caused an estimated $71 billion in damages in New York and New...
High-Security Driver’s License Runs Into Opposition in States
Nov 27 2012 // It was a popular idea five years ago: make sure every state had high-security driver’s licenses to thwart terrorism at airports. But the U.S. Department of Homeland Security’s Real ID system faces opposition...
New York, New Jersey Put $71 Billion Price Tag on Sandy
Nov 26 2012 // New York state and New Jersey need at least $71.3 billion to recover from the devastation wrought by Superstorm Sandy and prevent similar damage from future storms, according to their latest estimates. The total, which...
