Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Fed Sells Last of Its AIG Assets, Ending Ties with Insurer
Aug 23 2012 // The Federal Reserve Bank of New York brought to a close another chapter in the government’s taxpayer-funded bailouts of 2008 with the sale of its remaining assets of insurer American International Group, the bank...
New York Gov. Cuomo Vetoes State Agency Mailing Bill
Aug 23 2012 // New York Gov. Andrew Cuomo vetoed a bill (S.6285-A/A.9034B) last Friday that would have banned state agencies from disseminating ads to the public for products that relate to the subject matter of the agency — such...
N.Y.-Based Reinsurer Southport Re Appoints Chief Actuarial Officer
Aug 23 2012 // Southport Lane, a New York-based private equity firm, has appointed Jim McNichols as chief actuarial officer of its reinsurance group, Southport Re. In this new position, McNichols will be responsible for supporting...
Travelers Sues NFL Over Ex-Players’ Brain Injury Lawsuits
Aug 22 2012 // Several subsidiaries of Travelers Companies Inc. sued the National Football League and a host of other insurers, seeking to avoid paying to defend the league against a wave of brain injury-related claims by thousands of...
Macy’s Sues J.C. Penney in N.Y. Over Martha Stewart Deal
Aug 21 2012 // Macy’s Inc. is suing rival retailer J.C. Penney Co., claiming Penney’s bid to sell products by Martha Stewart Living is a breach of an exclusive contract held by Macy’s and could cost it potentially...
N.Y. Man Harnesses Social Media to Protest Against Progressive
Aug 15 2012 // Progressive Corp. is getting a lot of attention in the social media world this week. But it’s clearly not the kind of attention the insurer wants to get. On Monday, a New York-based comedian named Matt Fisher posted...
Standard Chartered Reaches $340 Million Settlement in New York over Iran
Aug 15 2012 // Standard Chartered Plc agreed to pay $340 million to New York’s bank regulator over transactions linked to Iran, in a speedily arranged deal that helped push up the emerging market-focused lender’s shares. The...
N.Y. Businessman Charged With $10M Insurance Fraud Scheme
Aug 14 2012 // A businessman who owned fleets of commercial vehicles in New York is accused of defrauding insurers of at least $10 million. The defendant, Scott Sanders, is charged with submitting fraudulent insurance applications to get...
Aon Hewitt Hires Lead Health and Benefits Strategist in New York
Aug 13 2012 // Aon Hewitt, the global human resource consulting business of Aon plc, recently hired John Asencio as senior vice president in the New York office. In his new role, Asencio will serve as the lead health and benefits...
Disabled Drivers in N.Y. Pay 28% More for Auto Insurance, Study Says
Aug 13 2012 // A new study found that drivers with disabilities in New York City pay 28 percent more for their auto insurance on average compared to non-disabled individuals. The study says that vehicles modified to accommodate disabled...
N.Y.-Based Preferred Concepts Hires Senior Property Underwriter
Aug 13 2012 // Preferred Concepts LLC, a program underwriter and specialty insurance broker based in New York City, has appointed Robert Lynch as senior vice president and senior property underwriter for its Preferred underwriting...
N.Y.-Based Broker Sterling & Sterling, Hyde Agency Form Joint Venture
Aug 10 2012 // Sterling & Sterling Inc. an insurance broker based in Woodbury, N.Y., and The Hyde Agency, a specialty surety bond broker in New York City, are forming a joint venture under the name SterlingHyde Group. This new...
N.Y. Cardinal Suing Obama Over Birth Control Coverage Invites Him to Dinner
Aug 9 2012 // New York’s Roman Catholic cardinal is suing the Obama administration, but he’s inviting President Barack Obama to dinner anyway. The Archdiocese of New York said Tuesday that Cardinal Timothy Dolan has asked...
New York Enacts Law Allowing Gifts Worth Up to $25 From Producers
Aug 9 2012 // New York State Gov. Andrew Cuomo signed a bill this month that allows property/casualty insurers, brokers and agents to give gifts worth up to $25 to insureds or prospective clients during the insurance sales process. The...
N.Y. Man Pleads Not Guilty in Father’s Fake Death Plot
Aug 9 2012 // A New York man accused of helping his father try to fake his own death by falsely reporting that the elder man had disappeared while going for a swim was arraigned Tuesday on conspiracy to commit insurance fraud and other...
XL Names Chief Underwriting Officer for Primary Casualty Unit in N.Y.
Aug 8 2012 // XL Group plc has appointed Barbara Luck as chief underwriting officer in its North America primary casualty business. Based in New York, Luck will assume her new position on August 13. She will report to Ken Riegler,...
U.S. Regulators Angered By N.Y. Action Against StanChart
Aug 8 2012 // The U.S. Treasury Department and Federal Reserve were blindsided and angered by New York’s banking regulator’s decision to launch an explosive attack on Standard Chartered Plc over $250 billion in alleged money...
Son of N.Y. Man Who Vanished at Beach Is Charged With Insurance Fraud
Aug 8 2012 // A man who reported his father missing at a New York beach was charged Monday with insurance fraud and filing a false report several days after his father turned up alive in South Carolina, following a massive air and water...
Gilbert Steps Down as Chairman of N.Y.-Based Holborn Corp.
Aug 7 2012 // Holborn Corporation, a reinsurance intermediary based in New York, said John Gilbert has stepped down as chairman of the board of directors, a position he has held since 2005. John GilbertGilbert — who first joined...
Howden Specialty Underwriters Appoints Head of New York Office
Aug 7 2012 // Howden Specialty Underwriters (HSU), part of Hyperion Insurance Group, has appointed Scott Misson to lead its recently opened New York office. He will become a member of the executive team and will report to Bobby Vernon,...
