Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Launches Audit of Rising Health Insurance Rates
Mar 5 2012 // The New York State Department of Financial Services said it has launched a wide-ranging probe of the accuracy of the data used by insurers and health maintenance organizations (HMOs) to request health insurance rate...
Workers’ Comp Surcharge Cost Burden to N.Y. Employers: Study
Mar 1 2012 // The assessment surcharge added to workers’ compensation costs for New York employers is increasingly becoming a burden for businesses, according to a new study. In New York State, the assessment surcharge is...
N.Y. Cardinal to Give Speech on Contraceptive Coverage Debate
Mar 1 2012 // Cardinal Timothy Dolan is planning a speech on the recent controversy involving contraceptive coverage in health insurance plans. The spiritual leader of the Archdiocese of New York plans to address the issue this coming...
N.Y. Prosecutors Say Fraud Scheme Was Largest of Its Kind in History
Mar 1 2012 // Authorities are describing the takedown of a massive auto insurance fraud ring in New York the largest of its kind involving New York’s no-fault law. The fraud scheme involved 10 licensed medical doctors, three...
Dozens Charged in Massive Insurance Fraud Scheme in New York
Feb 29 2012 // Federal and local authorities in New York unveiled charges today against 36 defendants — including 10 doctors and three attorneys — allegedly involved in a systematic scheme to defraud auto insurance companies...
Taxpayers See Gain As New York Fed Sells Last of AIG Bailout Bonds
Feb 29 2012 // The Federal Reserve Bank of New York on Tuesday sold the remaining portion of mortgage-backed securities acquired in the 2008 rescue of American International Group Inc. The sale to a unit of Credit Suisse Group AG means...
In Win for BofA, $8.5B Mortgage Settlement Sent Back to New York Court
Feb 28 2012 // Bank of America Corp. won a victory when a U.S. appeals court ruled that a proposed $8.5 billion settlement with investors in mortgage-backed securities should be reviewed in New York state court, not federal court. Bank...
OneBeacon Completes Sale of AutoOne Business to New York’s Interboro
Feb 22 2012 // OneBeacon Insurance Group said today it completed the sale of its AutoOne business to Interboro Holdings Inc. of New York. The transaction, which was announced on Aug. 31, 2011, included AutoOne Insurance Company and...
N.Y.-based USI Insurance Services Acquires The Pinnacle Group
Feb 22 2012 // USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., acquired most of the assets of The Pinnacle Group. Based in Virginia Beach, Va., Pinnacle is a full-service employee...
USI Insurance Appoints Two Executives in New York
Feb 21 2012 // USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., announced two additions to the New York Metro team: Robert Reers as president and Susan Fanciullo as senior vice...
N.Y. Regulators Launch Audit of Rising Health Insurance Rates
Feb 16 2012 // The New York State Department of Financial Services has launched a wide-ranging probe of the accuracy of the data used by insurers and health maintenance organizations (HMOs) to request health insurance rate...
BofA Mortgage Securities Case Still Winding Its Way Through Courts
Feb 16 2012 // Legal wrangling over the proposed $8.5 billion settlement of some of Bank of America Corp.’s mortgage-backed securities liability could drag through the courts for years, a top appeals court judge said during...
Citigroup to Pay $158M in Whistleblower Fraud Claim Over Insurance for Mortgages
Feb 16 2012 // Citigroup Inc. has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit. Wednesday’s settlement resolves...
100-Year Storms May Happen Every 3 to 20 Years: MIT-Princeton Research
Feb 15 2012 // Last August, Hurricane Irene spun through the Caribbean and parts of the eastern United States, leaving widespread wreckage in its wake. The Category 3 storm whipped up water levels, generating storm surges that swept over...
Safety, Security at Bio Labs Open to Interpretation, Not Matter of Law
Feb 15 2012 // To reach his office in Galveston National Laboratory, where scientists study deadly pathogens such as the Ebola and Marburg viruses, director James Le Duc swipes his key card at the building’s single entrance, which...
New York Leads 11 States in Suing EPA Over Soot Rules
Feb 14 2012 // New York and 10 other states filed a lawsuit last Friday designed to force the U.S. Environmental Protection Agency to issue new regulations on soot pollution. New York Attorney General Eric Schneiderman said the lawsuit...
BP Wins Dismissal of Part of Investor Lawsuit Over Gulf Oil Spill
Feb 13 2012 // A U.S. federal judge dismissed a large part of a nationwide lawsuit accusing BP Plc and top executives of fraud for misleading shareholders before and after the 2010 Gulf of Mexico oil spill about the oil company’s...
N.Y. Financial Services Deputy Superintendent Wrynn to Join Law Firm
Feb 10 2012 // New York State Financial Services Department’s deputy superintendent James Wrynn will leave his post to join a law firm early next month. James Wrynn Wrynn will become a senior partner at Goldberg Segalla L.L.P. for...
5 Big Banks, States Agree on $25 Billion Home Mortgage Deal
Feb 9 2012 // Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for the ailing housing...
New York Presses Citi Unit on Force-Placed Insurance Probe
Feb 8 2012 // New York regulators urged Citigroup Inc.’s mortgage unit on Wednesday to stop resisting and comply with a subpoena related to an investigation of the force-placed insurance industry. In January, the New York...
