Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Minor Quake Recorded in Upstate New York
Oct 26 2009 // The U.S. Geological Survey has confirmed that a minor earthquake rattled sections of the Albany, New York area last week. The USGS says the 2.9 magnitude quake occurred at 9:32 p.m. last Tuesday, with its epicenter 18...
Madoff Investors Add KPMG, MassMutual, Major Banks to Lawsuit
Oct 21 2009 // Some investors defrauded by epic swindler Bernard Madoff on Tuesday added accounting firm KPMG, JPMorgan Chase and Bank of New York Mellon to a civil lawsuit in a New York court, lawyer Joseph Cotchett said. The lawyer,...
3 States Accuse FedEx of Misclassifying Drivers as Independent Contractors
Oct 21 2009 // Three states said Tuesday they plan to sue FedEx Corp., accusing the second-largest U.S. package delivery company of violating labor laws by illegally classifying drivers as independent contractors rather than employees to...
Business Moves
Oct 19 2009 // Norfolk & Dedham, Rockingham Two East Coast-based mutual insurance companies have formed a mutual alliance that they say allows them to achieve efficiencies, diversification and spread of risk without actually merging...
New York Insurance Agents Fined For Accepting Kickbacks
Oct 16 2009 // New York regulators have fined 43 insurance agents and brokers a total of $42,650 for accepting kickbacks, or failing to supervise staff who accepted kickbacks, to steer customers to certain auto glass repair shops, the...
Do Cell Phone Bans Change Driver Behavior?
Oct 14 2009 // Phoning while driving and texting behind the wheel are in the news. This is the highway safety issue of the moment, the subject of cartoons and, on a more serious side, the focus of legislation. A key question is whether...
New York Enforcers: $10K-a-Day Fraud Ring Had International Link
Oct 9 2009 // A crime ring raked in about $10,000 a day by manufacturing credit cards with numbers purchased illegally from overseas Web sites, committing mortgage fraud and staging car accidents and auto thefts to collect insurance...
New York Med Mal Insurer Reducing Buy-in for New Policyholders
Oct 8 2009 // J. M. Woodworth RRG, Inc., a medical malpractice Risk Retention Group that insures physicians and surgeons in New York, is reducing the capital new policyholders are required to pay by 83 percent through the end of this...
New York Deputy Sheriff Accused of Workers’ Comp Fraud
Oct 7 2009 // A deputy sheriff has been accused of claiming an on-the-job injury when she actually was hurt by being thrown off her horse. The Putnam County deputy, Barbara Dunn, was indicted Monday on charges including grand larceny,...
New York Judge Awards Patient with Bedsores $2.2M
Oct 6 2009 // A New York court has ordered a hospital to pay $2.2 million to a quadriplegic man who developed bedsores “all the way down to the bone.” Attorney Raymond Keegan says caregivers failed to turn Eric Trainor every...
Officials: New York Firefighters Arriving on Scene in Record Times
Oct 5 2009 // The New York Fire Department (FDNY) is responding to fires faster than ever, and there have been fewer deaths this year than ever before, said commissioner Nicholas Scoppetta. Since January, firefighters arrive at the...
New York Earns Accreditation by Insurance Commissioners’ Group
Oct 5 2009 // The New York State Insurance Department has been accredited under the National Association of Insurance Commissioners’ (NAIC) Financial Regulations Standards and Accreditation Program. “State insurance...
New York City Construction Accident Reports up, Deaths down
Oct 5 2009 // The number of reported construction accidents and injuries in New York City has increased – but there have been fewer deaths this year. The number of reported accidents increased by more than 40 percent year-to-date,...
Business Moves
Oct 5 2009 // Willis, Ireland Willis Group Holdings Limited wants to change the company’s place of incorporation from Bermuda to Ireland. Shareholders will vote on the measure at a meeting in three or four months. The change also...
New York Releases Auto Insurance Rankings
Oct 2 2009 // Amica Insurance tops the just-released rankings of the least-complained about personal auto insurers in New York, according to the New York State Insurance Department. The list, which is pulled together annually, looks at...
Ex-AIG Financial Exec Cassano Returns to U.S. As Probe Continues
Sep 29 2009 // Joseph Cassano has come home to face the music. The former AIG executive closely associated with one of the most sensational collapses in corporate history, recently slipped back into the United States. Under intensifying...
New York City Begins New Licensing of Pedicabs
Sep 29 2009 // The New York City Department of Consumer Affairs has begun accepting license applications from pedicab business owners. The deadline to submit applications is Nov. 20. Pedicab operators must obtain driver licenses that are...
New York Wholesalers’ Group Elects New Officers
Sep 25 2009 // The Professional Insurance Wholesalers Association of New York State Inc. has elected Lucas Snyder of the NIF Group as its president.Snyder is the organization’s first second-generation president — he is the...
Disgruntled Customer Sues Bank of America for ‘$1,784 Billion, Trillion’
Sep 25 2009 // Dalton Chiscolm is unhappy about Bank of America’s customer service — really, really unhappy. Chiscolm in August sued the largest U.S. bank and its board, demanding that “1,784 billion, trillion...
Insurer Valiant Doubling Size of New York Headquarters
Sep 25 2009 // Specialty insurer Valiant Insurance Group announced plans to expand its New York City headquarters and relocate to a larger space in a move designed to accommodate a workforce double its current size. “Despite...
