Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Heffernan Appoints Bayeux Senior VP for New York Office
Oct 4 2011 // Walnut Creek, Calif.-based Heffernan Insurance Brokers has hired John Bayeux to join its New York City office as senior vice president, financial services practice leader. Bayeux brings 30 years of industry experience to...
New York Officially Launches Financial Services Department
Oct 3 2011 // New York Department of Financial Services, the new department that combines the state’s insurance and banking regulators, was officially launched on Monday, Oct. 3. Financial Services Superintendent Benjamin Lawsky...
JPMorgan, BofA Sued Over Mortgage Debt Losses
Oct 3 2011 // JPMorgan Chase & Co. and Bank of America Corp. were hit with new lawsuits by investors claiming losses on $4.5 billion of soured mortgage debt, adding to litigation targeting the two largest U.S. banks. The plaintiff...
Warning: Insecticides Can Be More Dangerous Than Bedbugs
Oct 3 2011 // Bedbugs don’t make people sick. But the poisons used to kill them can. A new government study has found that dozens of Americans have fallen ill from the insecticides, and a North Carolina woman died after using 18...
Volunteers Wanted
Oct 3 2011 // Volunteer Week, the Insurance Industry Charitable Foundation’s (IICF) event, will be held October 15-22, 2011 in the New York tri-state area and New England. During the eight-day industry-wide event, teams of...
N.Y. Firm Unlawfully Fired Worker for Facebook Postings
Oct 3 2011 // In the first ruling of its kind, a National Labor Relations Board administrative law judge has found that a Buffalo, N.Y.-based non-profit organization unlawfully discharged five workers after they posted comments on...
People
Oct 3 2011 // Johnston, R.I.-based business property insurer FM Global said Vice Chairman Ruud Bosman will retire in November after 40 years with the company. The retiring Bosman joined FM Global in 1971 and was elected to its board of...
New York Law Requires Risk Reports by Group Homes
Sep 30 2011 // New York Gov. Andrew Cuomo has signed a law requiring that group homes and other private facilities licensed by the state to house juvenile delinquents assess workplace safety, record violent incidents and take preventive...
Judge Lets Agent Orange Case Against Monsanto Proceed
Sep 29 2011 // Monsanto Co. has lost a bid to close part of a lawsuit alleging the company caused health injuries to residents living near a plant that made the Vietnam War-era U.S. military defoliant “Agent...
N.Y. Official Says Alleged Insurance Scam Artist Caught
Sep 29 2011 // New York Attorney General Eric Schneiderman announced the arrest of an alleged scam artist, Arthur Bogoraz, who officials contend devised a massive scheme to defraud insurance companies out of millions of dollars. Bogoraz...
Port Authority Cleared of Negligence Claims in ’93 WTC Bombing
Sep 28 2011 // Last week, New York State’s high court cleared Port Authority of New York and New Jersey of negligence claims in the 1993 World Trade Center parking garage bombing. The Sept. 22 ruling reverses lower courts’...
Judge Narrows $1B Madoff Case vs. N.Y. Mets Owners
Sep 28 2011 // A federal judge narrowed a $1 billion lawsuit against owners of the New York Mets baseball team by the trustee seeking money for Bernard Madoff’s victims, and cast skepticism on how much might ultimately be...
Citing Scope of 9/11, N.Y. Judge Tosses WTC Suit
Sep 26 2011 // In tossing out a negligence lawsuit, a judge last Friday cited the “strange, improbable” events that destroyed a 47-story World Trade Center building a decade ago on Sept. 11, several hours after the 110-story...
Warning: Insecticides Can Be More Dangerous Than Bedbugs
Sep 26 2011 // Bedbugs don’t make people sick. But the poisons used to kill them can. A new government study has found that dozens of Americans have fallen ill from the insecticides, and a North Carolina woman died after using 18...
Former Head of Liberty Title in N.Y. Sentenced to 20 Months in Prison
Sep 26 2011 // Former president and co-founder of title insurance agency Liberty Title, Brian Madden, has been sentenced to 20 months in prison for misappropriating and embezzling escrow and other client funds from Liberty Title and two...
Insurance Journal Names Ha as East Editor
Sep 26 2011 // Wells Publishing Inc. has named Young Ha as its new East editor for its flagship Insurance Journal online and print property/casualty insurance publications. Ha, based in New York, will cover the Northeast and Mid-Atlantic...
Politicians, Investors Worry Over Shrinking Middle Class, Role of Social Media
Sep 22 2011 // The rising gap between rich and poor in nearly every country, rich or poor, went largely ignored during the decades of globalization-fueled boom. But with large parts of the world in financial crisis, ending the time when...
Ratings Roundup: Dryden Mutual, Western Ins., Ally Ins., FHM
Sep 21 2011 // A.M. Best Co. has upgraded the issuer credit rating to ‘a+’ from ‘a’ and affirmed the financial strength rating of ‘A’ (Excellent) of New York-based Dryden Mutual Insurance Company, both...
Virginia-based Hilb Group Expands in New York State
Sep 21 2011 // The Hilb Group, a Glen Allen, Va.-based holding company that focuses on acquiring mid-market agencies, is further expanding in New York State. The company opened a new office in Rochester and also expanded an existing...
U.S. RE Executive Joins N.Y. Reinsurance Broker Holborn
Sep 21 2011 // Independent reinsurance broker Holborn Corp. has appointed Arthur Dougherty as a senior vice president in the firm’s New York City headquarters. Dougherty is an industry veteran, having worked more than three decades...
