Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
New York Governor Will Review Safety at Nuclear Plant
Mar 18 2011 // New York Gov. Andrew Cuomo said that he wants to review information from the Nuclear Regulatory Commission about safety of a nuclear plant that lies near a seismic fault line 35 miles north of Manhattan. “Frankly,...
New York Fraud Investigators Arrested 668 People Last Year
Mar 17 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...
No-Fault Claims Top New York Insurance Fraud List
Mar 15 2011 // Almost nine in 10 suspected health care fraud cases in New York last year came from no-fault auto injury claims, a cottage industry so rife with abuse that the state Insurance Department wants to tighten...
LimeWire Wins Limit on Damages to Record Companies
Mar 10 2011 // A federal judge limited the potential financial liability facing the operator of LimeWire, a once-popular file-sharing service found liable for copyright infringement, at an upcoming damages trial. Rejecting an argument...
Ex-AIG CEO Greenberg: Judge in New York AG Case Biased
Mar 10 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...
File-Sharing Service LimeWire, Music Publishers Settle Copyright Case
Mar 8 2011 // The operator of LimeWire, a once-popular file-sharing service shut down last year for copyright infringement, has settled a lawsuit brought by music publishers. The settlement with Lime Wire LLC covers more than 30...
U.S. Judge Halts Ecuador Damages Enforcement Against Chevron
Mar 8 2011 // A U.S. judge Monday halted enforcement of an $18 billion award against Chevron Corp, siding with the oil company against Ecuadorean plaintiffs in a long-running dispute over Amazon rain forest pollution. The move comes...
People
Mar 7 2011 // Jennifer McPhillips has been promoted to senior director of federal government affairs for the Independent Insurance Agents & Brokers of America (the Big “I”) and will serve as one of the...
New York Drivers Will Get Points for Talking on Cell Phones
Mar 7 2011 // New York drivers who are caught talking on their cell phones without a headset will gain two points on their driving records — which means higher insurance costs. Previously, no points were assigned for talking on a cell...
Feds Eye New York Scaffold Collapse that Ended in Rescue
Mar 7 2011 // Federal investigators are looking into why scaffolding collapsed at a high-rise building in a suburb of New York City, leaving two workers dangling by their safety ropes until they were rescued by a...
Aon Adds Three Execs in Tri-State Region
Mar 4 2011 // Aon Risk Solutions added three new execs to its Greater New York business development team. Sonia Pollock and Michael D. Lezynski join Aon as senior vice presidents, and Christine Moran joins as a managing...
New York City Obstetricians Face Insurance Cutoff
Mar 2 2011 // A malpractice insurance company has threatened not to renew coverage for eight Bronx obstetricians who treat poor, high-risk patients. The New York Times reports that Medical Liability Mutual Insurance Company issued the...
MBIA Shareholder Lawsuit Revived by Federal Appeals Court
Mar 1 2011 // A federal appeals court on Monday gave new life to a shareholder lawsuit accusing MBIA Inc of securities fraud over a reinsurance transaction that caused the bond insurer to restate six years of results. The 2nd U.S....
Allstate Sues Another Lender, Credit Suisse, Over Mortgage Securities
Mar 1 2011 // Allstate Corp. on Monday sued Credit Suisse Group AG, accusing the Swiss bank of causing losses by hiding the risks on $232 million of mortgage securities it bought. Allstate, the largest publicly traded U.S. home and auto...
