All the headlines from our New York Topic Page, ordered by recency.
Aug 29 2013 // New York’s highest court will hear appeals in cases related to anti-fracking laws passed in two towns that were upheld by lower courts. The Court of Appeals in Albany will review decisions where the intermediate...
Aug 29 2013 // A New York regulatory investigation of Lloyd’s of London for possible violations of Iran sanctions law has led to a government request for files of an internal probe by the insurer, a person familiar with the matter...
Aug 29 2013 // Blackstone Group LP reached an $85 million settlement with investors over claims it made misrepresentations about its initial public offering.A U.S. appeals court in 2011 reversed the dismissal of a proposed class-action...
Aug 26 2013 // Cooper Gay Re North America appointed Norman Gayle as managing director. He joins the executive team working from the head office in downtown New York.He and his team will focus on production and strategic planning and...
Aug 26 2013 // American International Group Inc., the insurer that repaid a U.S. rescue last year, agreed to accept $905 million from Brookfield Asset Management Inc. to resolve a dispute tied to interest-rate swaps.Brookfield,...
Aug 25 2013 // A jury in one of New York’s most conservative counties recently returned a $130 million verdict in a medical-malpractice case, the second-largest in the state’s history. Lawyers for the losing hospital decried...
Aug 23 2013 // The New York State Workers’ Compensation Board said it is launching a broad-based business process re-engineering project (BPR) designed to “significantly improve” the experience of injured workers and...
Aug 22 2013 // Worldwide Facilities, a Los Angeles-based independent surplus lines broker and managing general agency, appointed Kitti Peters as vice president and casualty broker with a specialization in construction. She based in...
Aug 22 2013 // Assured Guaranty Ltd. and JPMorgan Chase & Co. agreed to settle lawsuits filed by the bond insurer accusing the bank’s EMC Mortgage and Bear Stearns units of making misrepresentations about mortgage-backed...
Aug 20 2013 // Axa Art Insurance Corp. filed a subrogation lawsuit claiming that the famed auction house Christie’s in New York failed to properly store a fine art collection that belonged to Axa’s insured, the Piatigorsky...
Aug 20 2013 // David Hodge has been named assistant vice president of claims for auto insurer GEICO’s Buffalo, N.Y., regional office. Hodge previously served as the liability director of GEICO’s Virginia Beach, Va., regional...
Aug 20 2013 // A federal judge has endorsed a broad interpretation of a savings-and-loan era law that the U.S. Justice Department is trying to use in cases against Wall Street banks.U.S. District Judge Jed Rakoff in Manhattan said Monday...
Aug 20 2013 // Gains on catastrophe bonds are poised to exceed returns on speculative-grade company debt by the most since 2008 as the Atlantic hurricane season heads into its fourth month.Notes designed to protect insurers from payouts...
Aug 19 2013 // Fidelis Group Holdings LLC, through its subsidiary company Continental Underwriters Ltd., announced the formation of its new inland marine division and appointed two managing directors for the new unit.Ed Helfers and Lisa...
Aug 19 2013 // In the coastal areas of Greenwich, Connecticut, the latest housing craze requires hydraulic jacks, pylons and stilts. One home towers over its neighbors like a cruise ship. Others look like expensive tree...
Aug 15 2013 // A federal judge has sentenced a 55-year-old Utica, N.Y., man to nearly two years and prison and ordered him to help pay $1.4 million in restitution for his role in staging vehicle crashes for insurance money.Judge Norman...
Aug 14 2013 // First they needed blankets and generators. But before long, many of Superstorm Sandy’s bedraggled survivors also needed a lawyer.Thousands of people with damaged homes and businesses have sought help with legal...
Aug 14 2013 // American International Group has named Kevin Hogan as chief executive officer of AIG Global Consumer Insurance. Hogan, who previously had a 24-year career at AIG, is expected to formally rejoin AIG in early October.Hogan...
Aug 14 2013 // Investors in Third Point Reinsurance Ltd.’s initial public offering are betting on billionaire hedge fund manager Daniel Loeb. They’re also taking on risk from an unprofitable underwriting operation.The sale...
Aug 14 2013 // Exactly 10 years ago, at 15:05 Eastern Time on August 14, 2003, an overhead power line came into contact with an overgrown tree near Cleveland, Ohio.What happened next is a frightening case study of how vulnerable modern...