Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Bank of America Says Legal Losses Could Hit $2.3 Billion
Aug 5 2011 // Bank of America Corp.’s legal losses could cost as much as $2.3 billion above money already set aside to cover litigation, the largest U.S. bank by assets said in a securities filing. BofA raised the possible legal...
2000 Honda Civic Most Frequently Stolen Car in New York State
Aug 5 2011 // The New York Insurance Association has noted that the 2000 Honda Civic is again the most frequently stolen vehicle in New York State. The Hot Wheels 2011 study released by the National Insurance Crime Bureau (NICB)...
New Jersey Man Pleads Guilty To Identify Theft Scam
Aug 3 2011 // New Jersey Attorney General Paula T. Dow and Division of Criminal Justice Director Stephen J. Taylor announced that a man from HudsonCounty, N.J. has pleaded guilty to an identity theft scam. According to Acting Insurance...
Federal Aid Approved for N.Y. Flood Victims
Aug 2 2011 // A Long Island congressman says 13 families who lost their homes in flooding more than a year ago will likely receive federal aid. Rep. Steve Bishop tells Newsday that the Federal Emergency Management Agency informed his...
Former N.Y. Official Admits Guilt in Hamptons Fraud
Aug 1 2011 // A former New York lawmaker convicted of insurance fraud earlier this year has pleaded guilty in a separate multimillion-dollar mortgage fraud scheme. George Guldi admitted to grand larceny and other charges Friday in a...
Business Moves
Aug 1 2011 // Hub, WBS Hub has acquired the assets of Workplace Benefit Solutions (WBS) a Manchester, New Hampshire-based employee benefit brokerage and consulting firm. Terms were not disclosed. WBS will become part of Hub...
New York Workers’ Comp Hike
Aug 1 2011 // New York regulators have approved an average 9.1 percent hike in loss costs used by insurers, which is less than the 10.4 percent increase sought by the industry. The New York State Insurance Department approved the...
Lloyd’s Receives Approval for Reduced Collateral from New York
Jul 29 2011 // Lloyd’s announced that it has received approval from the New York Insurance Department to post reduced collateral on reinsurance contracts. Lloyd’s said it has been approved as a “Secure-3 reinsurer,...
Lloyd’s Receives Reduced Collateral Approval in New York
Jul 29 2011 // Lloyd’s received approval from the New York Insurance Department to post reduced collateral on reinsurance contracts. Lloyd’s is approved as a Secure-3 reinsurer, meaning its collateral requirements will be...
Gay Nuptials Unveil Financial Boon for N.Y. Services
Jul 28 2011 // A lot of people are happy to see same-sex marriage legal in New York: lawyers, marriage counselors, insurance agents. The effect of New York becoming the sixth state to allow gay marriage is expected to ripple beyond the...
Lloyd’s America President Watkins Campaigns for Broader Appeal
Jul 27 2011 // Hank Watkins, president of Lloyd’s America Inc., smiles like he has a big secret he wants to spill. The history of Lloyd’s of London is no secret: originated in Edward Lloyd’s coffee shop in London;...
New York Stops Tour Bus Operators Following Crashes
Jul 27 2011 // New York Gov. Andrew Cuomo, following a recent rash of tour bus crashes, said he will suspend the operating licenses of eight charter and tour bus companies and their 100 buses after repeated failures in safety...
N.Y. Attorney General Challenges Constitutionality of Defense of Marriage Act
Jul 26 2011 // In papers filed in the case of Windsor v. United States, Attorney General Eric T. Schneiderman challenged the constitutionality of the federal Defense of Marriage Act (“DOMA”), which redefined marriage for...
N.Y. Companies Hit with Charge for Fed Jobless Loans
Jul 25 2011 // New York businesses are being told they have to help pick up the tab for interest the state owes on federal unemployment insurance loans. The state Department of Labor says the maximum payment will be $21.25 per employee,...
Rigger in Deadly New York Crane Collapse Stripped of License
Jul 22 2011 // A rigger who worked on a massive construction crane that collapsed and killed seven people in New York City has been stripped of his licenses after an administrative judge said his sloppy work was to blame for the...
New York Man Gets $90K for Police Dog Bite
Jul 22 2011 // The New York man who was bitten by a police dog will receive $90,000 from the city of Mount Vernon. Carlos Garcia filed a civil rights lawsuit against the city in 2008. According to court papers, police were searching for...
Zurich Says Its Policy for Sony Doesn’t Cover Data Breach
Jul 22 2011 // One of Sony Corp.’s insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate from mounting legal claims related to a massive data breach earlier this...
Sony Insurer, Zurich, Files Suit to Deny Data Breach Coverage
Jul 21 2011 // One of Sony Corp’s insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate from mounting legal claims related to a massive data breach earlier this...
9/11 Families Seek Meeting on News Corp. Phone Hacking Reports
Jul 21 2011 // Relatives of victims of the Sept. 11 attacks have asked to meet the FBI and the U.S. Justice Department to discuss the agencies’ preliminary inquiry into reports that News Corp. reporters may have tried to hack the...
U.S. Judge Allows Shareholder Suits Against China Accountants
Jul 21 2011 // The fourth time was the charm for shareholders suing the auditors of Shenzhen-based China Expert Technology. China Expert shareholders have been trying unsuccessfully to sue the company’s accounting firms for failing...
