Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
The Dewey Chronicles: Rise and Fall of a Legal Titan
May 14 2012 // It was a tale of doom foretold in a pie chart. On Jan. 27, Dewey & LeBoeuf’s partners were summoned to a meeting on the 22nd floor of the law firm’s New York City headquarters to discuss the firm’s...
New York Judge Orders Anonymous Blogger into Court Over Business Reports
May 14 2012 // A New York judge has ordered an anonymous blogger to appear in court next week over accusations that the blog Alfredlittle.com wrote false reports about a Chinese company to drive down the stock. The blogger was served...
Guy Carpenter Names New CEO, COO for U.S. Operations
May 11 2012 // Guy Carpenter & Co. LLC, a global risk and reinsurance intermediary division of N.Y.-headquartered Marsh & McLennan Companies, appointed Andrew Marcell as chief executive officer of U.S. operations and Pete...
Judge to Insurer: Pay Legal Fees in Pending Insider Trading Fraud Case
May 11 2012 // A federal judge said during a court hearing in New York on Thursday he is prepared to order an insurance company to keep paying the legal fees of several former hedge fund managers and traders caught up in an insider...
New York Fines 15 Insurers Over Mental Health Notices
May 10 2012 // New York regulators have fined 15 insurers $2.7 million for failing to notify small businesses they were eligible to buy special coverage for mental illnesses and children with serious emotional...
N.Y. Officials Target Safety on Dangerous Roadway in Nassau County
May 9 2012 // Safety upgrades are planned for a New York highway that has averaged five pedestrian deaths annually since 2005. Officials in Nassau County are targeting repainted crosswalks, increased signal time for walkers, and...
Reinsurance Fraud Case Against AIG Ex-CEO Greenberg Going to Trial
May 9 2012 // A New York appeals court on Tuesday gave former American International Group Inc. Chief Executive Maurice “Hank” Greenberg a partial victory in the state’s fraud lawsuit against him over two suspect...
ACE Westchester Appoints VP in New York
May 8 2012 // ACE Westchester, the U.S.-based wholesale-focused insurance division of the ACE Group, appointed Richard Luca as vice president of management liability for its professional risk division. He is based in the greater New...
Deadly Crash in Bronx Raises Concerns About New York’s Aging Roadways
May 8 2012 // A freak parkway accident that wiped out three generations of a Bronx family late last month is being touted by some transportation advocates as more evidence that New York City’s aging highway system needs major...
Probe Finds N.Y. Paid Prison Inmates Improper Workers’ Comp Benefits
May 7 2012 // An investigation from the New York State comptroller’s office found that the State Insurance Fund improperly paid seven inmates more than $36,000 in workers’ compensation benefits while they were in state...
Business Moves – East
May 7 2012 // Worldwide Facilities, Privett Worldwide Facilities, a Los Angeles-based independent surplus-lines broker and managing general agency, acquired assets of Privett Special Risk Services, a New York City-based...
People – East
May 7 2012 // Marsh & McLennan Companies Inc. said Alexander Moczarski, CEO of Guy Carpenter, has assumed the additional role of chairman at Marsh & McLennan Companies International. Moczarski will continue to be based in New...
Hartford Reaches Settlement Over AD&D Policies
May 7 2012 // Hartford Life Insurance Company, a subsidiary of The Hartford Financial Services Group, agreed to give $24 million in premium credits to some 300,000 New York residents who bought the company’s accidental death and...
N.Y. Court Ruling May Open Door for More Asbestos Suits Against Pfizer
May 7 2012 // A New York federal appellate court ruling last month could allow more asbestos liability suits to proceed against pharmaceutical giant Pfizer. The appellate court’s decision affirms the previous ruling last year from...
In East Region, Insurance Sector Hiring Is ‘Slightly Elevated’ in 2012
May 7 2012 // The insurance employment market in the East and Northeast regions — as in most other parts of the country — can be summed up the following way: hiring is “slightly elevated” compared to last year, but there...
N.Y.-Based Alleghany Acquires Stake in Manufacturing Firm Bourn & Koch
May 4 2012 // New York-based global specialty insurer Alleghany Corporation said its investment management unit acquired a majority stake in manufacturing firm Bourn & Koch. Terms of the transaction were not disclosed. Alleghany,...
Best Affirms, Upgrades SCOR’s No. American Subs Ratings; Outlook Stable
May 4 2012 // Following its rating actions on the parent company, France’s SCOR SE, A.M. Best has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR)...
Former Aon Executive Named as CEO of N.Y.-Based Reinsurer Southport Re
May 2 2012 // New York-based reinsurance holding company Southport Re appointed Glenn Weber to the newly created position of chief executive officer. Southport Re is part of New York-based private equity firm Southport Lane. Glenn...
New York Proposes New Rule to Crack Down on No-Fault Insurance Fraud
May 2 2012 // New York State regulators are expanding their effort to stop no-fault auto insurance fraud. The New York Department of Financial Services announced on Tuesday a new draft regulation, Regulation 68, that would make it...
Former N.Y. Agents Sentenced to Jail for Swindling Elderly Clients
Apr 30 2012 // New York regulators said two former insurance agents who pled guilty to swindling $400,000 from elderly clients by fraudulently changing beneficiary information on annuity contracts have been sentenced to jail time and...
