Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Gov. Nixes State Agency Mailing Bill
Sep 10 2012 // New York Gov. Andrew Cuomo vetoed a bill (S.6285-A/A.9034B) on Aug. 17 that would have banned state agencies from disseminating ads to the public for products that relate to the subject matter of the agency — such as...
People – East
Sep 10 2012 // Holborn Corp., 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. Gilbert — who joined the firm 50 years ago —...
Former N.Y. Insurance Agent Arrested for Allegedly Stealing $648K
Sep 5 2012 // New York authorities announced last week that a Long Island, N.Y., man has been arrested and charged with multiple felonies after allegedly stealing more than $648,000 in premiums from a client and spending the money on...
Schmelz Joins Edwards Wildman as a Partner in Insurance and Reinsurance
Sep 4 2012 // The law firm of Edwards Wildman Palmer LLP named Ronie M. Schmelz a partner in the firm’s insurance and reinsurance department. She will divide her practice between the firm’s offices in Los Angeles and New...
N.Y. Gov.: Up to $640K for Irene-Wrecked Firehouse
Sep 4 2012 // Gov. Andrew Cuomo says the state will provide up to $640,000 for the construction of a new firehouse in the Adirondack Mountain town of Keene, where Tropical Storm Irene demolished the old firehouse a year ago. Town...
New York’s MTA Files Claims to Recover $65M From 2011 Storm Losses
Aug 31 2012 // New York’s Metropolitan Transportation Authority is submitting claims to insurers and the federal government to recover $65 million in losses it suffered during Hurricane Irene last year. The MTA says winds and...
Janssen Pharmaceuticals Settles Deceptive Advertising Practices Suit for $181M
Aug 30 2012 // Janssen Pharmaceuticals Inc. and its parent company Johnson & Johnson have agreed to resolve charges of improper marketing and advertising of the powerful anti-psychotic drugs Risperdal and Invega in the largest...
Irwin Siegel Agency Appoints Assistant VP in New York
Aug 30 2012 // Irwin Siegel Agency recently appointed Ken Chappell as assistant vice president of business development. He is based in the firm’s corporate office in Rock Hill, N.Y. Chappell first joined Irwin Siegel Agency in 1999...
Citigroup Settles Securities Lawsuit for $590M
Aug 30 2012 // Citigroup Inc. agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial...
Ohio’s Norman-Spencer Agency Acquires N.Y.-Based Keenan Marine Agency
Aug 29 2012 // Dayton, Ohio-based Norman-Spencer Agency Inc. has acquired New York-based Keenan Marine Insurance Agency LLC. Keenan Marine is a national specialty yacht insurance agency and has provided comprehensive solutions to yacht...
Ex-NFL Player John Mott Sues in N.Y. for Head Injury
Aug 29 2012 // Former NFL player John Mott has sued the league in federal court in New York, saying it failed to warn players about the dangers of head injuries. Mott joined several thousand other retired NFL players and some of their...
After the Rain: Irene’s Lessons to the East Coast
Aug 28 2012 // Antonia Schreiber is taking no chances on the next big storm. The remnants of Hurricane Irene turned the 200-year-old building that housed her Catskill Mountains spa boutique into a muddy mess a year ago in Windham, N.Y....
New York Teen With Cerebral Palsy Wins Multi-Million Dollar Lawsuit
Aug 27 2012 // The family of a Staten Island teen suffering from cerebral palsy won a multi-million dollar lawsuit filed against the hospital where the girl was born. The New York Post reports the family of Stephanie Debes won the suit...
Markel Executive Joins Aspen US Insurance in New York
Aug 24 2012 // Aspen US Insurance has appointed Richard Aldorisio as executive vice president of casualty insurance. He will be based in New York City. In his new role, Aldorisio will head the casualty insurance unit, which now includes...
N.Y. Distributed $574M in Post-Hurricane Irene, TS Lee Aid So Far
Aug 24 2012 // New York State Gov. Andrew Cuomo on Thursday marked the upcoming one-year anniversary of Hurricane Irene and Tropical Storm Lee by issuing a comprehensive report – “NY Responds.” The report says more than...
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...
