Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Business Moves
Apr 18 2011 // Ascension, Walter L. Clark Missouri-based Ascension Insurance Inc. acquired Walter L. Clark & Associates Inc., a California-based agency that specializes in agribusiness. Walter Clark, founded in 1959, has offices in...
New York City Drops Plan to Charge for Accident Response
Apr 18 2011 // New York City has dropped a controversial plan to charge motorists involved in accidents for emergency response services. The Wall Street Journal reports that the Bloomberg administration confirmed its plan to withdraw the...
Utica National Promotes Aquino to Regional Risk Management Post
Apr 14 2011 // Mark A. Aquino has been promoted to regional manager in the risk management department at the Utica National Insurance Group’s office in Utica, New York. Aquino is is responsible for managing the company’s risk...
Insurance Fraud Claims on Rise in New York
Apr 13 2011 // Suspicious insurance claims in New York were up about 4.5 percent in 2010, an industry report shows. In 2010, insurers reported a total of 7,026 questionable claims in the state, compared with 6,726 in 2009, according to...
Insurer Sues Celebrity Heiress Paris Hilton Over Missing Jewels
Apr 8 2011 // Paris Hilton is holding $60,000 of jewelry that does not belong to her and should give it back, a new lawsuit contends. A German insurer, Allianz SE, has sued the celebrity socialite and heiress to the Hilton Hotels...
Toyota Wins New York Case over Unintended Acceleration
Apr 4 2011 // A federal jury found that Toyota Motor Corp. isn’t responsible for a 2005 crash that the driver blamed on the floor mat or the electronic throttle, in the first case to go to trial since automaker recalled millions...
New York Dilutes Plan to Merge Banking and Insurance Departments
Apr 4 2011 // The merger of New York state’s banking and insurance departments might not create the powerful agency first advertised, according to Governor Andrew Cuomo’s recent budget deal with legislative leaders. At first...
New York Fraud Investigators Arrested 668 People Last Year
Apr 4 2011 // New York investigators arrested 668 people accused of insurance fraud last year, including a Brooklyn woman arrested after a fist-fight, a surgeon who made $3.5 million by billing for working more than 24 hours a day and a...
New York City Landlords Facing Harsher Bedbug Penalties
Mar 31 2011 // Despite the itchy rise to prominence of bedbugs around New York City, officials have long been limited in what they could do to get negligent landlords to address the spread of the minuscule critters. On Tuesday, city...
Murder Is an Accident? To Insured It Is, New York’s Highest Court Says
Mar 31 2011 // New York’s top court says the estate of a man run down by a homicidal driver is entitled to make insurance claims for injuries caused by an accident. The Court of Appeals says that even though Ronald Popadich pleaded...
Leading Candidate to Succeed Berkshire’s Buffett Quits
Mar 31 2011 // The man widely seen as the leading successor to Warren Buffett at Berkshire Hathaway has resigned after buying shares in chemical company Lubrizol Corp. before pushing Buffett to acquire it. David Sokol’s resignation...
New York Sting Nets 13 Arrests for Workers’ Comp Fraud
Mar 30 2011 // New York police arrested 13 people in a series of investigations targeting workers’ compensation fraud around the Empire State. In several cases, the arrests targeted individuals accused of improperly collecting...
Bank of America Wins Dismissal of Suits Over Merrill Lynch
Mar 30 2011 // A Manhattan federal judge dismissed two lawsuits seeking to force Bank of America Corp. to sue former Merrill Lynch & Co. executives and directors over losses in mortgages and other risky debt. The ruling was issued...
AIG Ex-CEO Greenberg Loses Bid to Remove Judge from Case
Mar 28 2011 // The judge overseeing New York’s lawsuit against former American International Group Inc. Chief Executive Hank Greenberg denied Monday a motion urging him to quit the case. Greenberg sought to have New York State...
New York Dilutes Plan to Merge Banking and Insurance Departments
Mar 28 2011 // The merger of New York state’s banking and insurance departments might not create the powerful agency first advertised, according to Governor Andrew Cuomo’s recent budget deal with legislative leaders. At first...
Happy 100th Birthday Workers’ Compensation: The Great Tradeoff!
Mar 23 2011 // Happy 100th Birthday Workers’ Compensation: Now What ? This year marks the 100th anniversary of the workers’ compensation system in the U.S. As Christopher Boggs, director of Education for Insurance...
New York Ex-Lawmaker Gets Prison in Insurance Fraud Case
Mar 23 2011 // A former New York lawmaker will spend at least four years in prison following his conviction in a Hamptons insurance fraud case. George Guldi was sentenced in Suffolk County Court in Riverhead to three to nine years for...
Majestic Capital Terminates Merger Agreement with Bayside Capital
Mar 21 2011 // Bermuda-based Majestic Capital Ltd. announced that Bayside Capital Partners LLC has terminated the previously announced merger agreement with Majestic Capital. In its termination notice, Bayside cited a material...
Former New York Lawmaker Faces Prison for Insurance Fraud
Mar 21 2011 // A former Long Island lawmaker faces up to 15 years in prison when he is sentenced today in a Hamptons fraud case. George Guldi was convicted last month of grand larceny and insurance fraud involving the reconstruction of...
Ex-AIG CEO Greenberg: Judge in New York AG Case Biased
Mar 21 2011 // Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, said the judge overseeing a New York attorney general lawsuit against him should be removed from the case because he is...
