The Industry Radar - New York - Local News

Insurers Must Improve Benefits for New Health Exchanges - BusinessWeek

Wed, 23 May 2012 13:19:56 PDT

Insurers Must Improve Benefits for New Health Exchanges
BusinessWeek
The research was paid for by the Commonwealth Fund, a New York- based nonprofit group that supports expanded insurance coverage. About 51 percent of people with individual coverage have average deductibles of $3881, the study showed, five times the ...
Individual Health Policies Fall Short, a Study FindsNew York Times
Individual insurance policies found to miss the markSarasota Herald-Tribune

all 322 news articles »

Greenberg's Starr to Seek Outside Money for Buyout Deals - BusinessWeek

Thu, 24 May 2012 21:20:11 PDT

Greenberg's Starr to Seek Outside Money for Buyout Deals
BusinessWeek
Starr Cos., a New York-based group of insurance and financial-services companies Greenberg oversees, placed one of its private-equity businesses in a subsidiary that registered with the US Securities and Exchange Commission last month, filings show.

and more »

Disability insurance let woman focus on recovery after serious injury [The ... - Insurance News Net (press release)

Sat, 26 May 2012 03:11:16 PDT

Disability insurance let woman focus on recovery after serious injury [The ...
Insurance News Net (press release)
The moment the stolen SUV smashed into her as she crossed a New York City street. Her pelvis shattering. Intensive care, seven surgeries, eight months recovering in bed. And worrying about her family -- her husband, Rick, and their four young children, ...

and more »

The Rare Bipartisan Health Idea: Affordable Concierge Medicine - Forbes

Wed, 23 May 2012 06:52:31 PDT

Forbes

The Rare Bipartisan Health Idea: Affordable Concierge Medicine
Forbes
It's called direct primary care whereby doctors contract directly with patients to provide all of their primary care needs free of insurance interference at a price generally between $50 and $60 a month per patient, according to a New York Times story ...
Seattle Primary Care Group Offers Services Directly to EmployersBecker's Hospital Review

all 2 news articles »

New York Bill Would Prohibit Health Plans Without Out-of-Network Coverage - Becker's ASC Review

Fri, 25 May 2012 11:26:17 PDT

New York Bill Would Prohibit Health Plans Without Out-of-Network Coverage
Becker's ASC Review
A New York bill would force insurance companies to reveal their out-of-network reimbursement policies and prohibit approval of health plans that do not include coverage of out-of-network medical services, according to a Daily Bedford report.

OHS Senior Awarded NYSIR Scholarship - Patch.com

Thu, 24 May 2012 03:30:27 PDT

OHS Senior Awarded NYSIR Scholarship
Patch.com
The scholarship, awarded to a college-bound special education student from a New York Schools Insurance Reciprocal-member school district, is given to reward the recipient for his or her effort in working through special challenges to complete high ...

BREAKING: The 2012 Healthcare Informatics 100 is Released - Healthcare Informatics

Mon, 21 May 2012 09:51:18 PDT

Healthcare Informatics

BREAKING: The 2012 Healthcare Informatics 100 is Released
Healthcare Informatics
Healthcare Informatics, a New York City-based magazine providing leadership and strategy for healthcare IT leaders, is proud to officially announce the 2012 version of its unique industry offering: the Healthcare Informatics 100, a compilation of the ...

and more »

Racecar School Offers Amateurs Thrills, Spills, Insurance - BusinessWeek

Wed, 23 May 2012 21:26:10 PDT

Racecar School Offers Amateurs Thrills, Spills, Insurance
BusinessWeek
It's dangerous, too, as the up- and downhill have safety barriers crowding them, something to consider when deciding whether to opt for the school's $500 insurance. Our class consists of seven students, and the instructors really know their stuff.

and more »

Bankers Healthcare Group Selects DIGO (DiMassimo Goldstein) as Agency of Record - MarketWatch (press release)

Tue, 15 May 2012 06:34:02 PDT

Bankers Healthcare Group Selects DIGO (DiMassimo Goldstein) as Agency of Record
MarketWatch (press release)
SYRACUSE, NY, May 15, 2012 /PRNewswire via COMTEX/ -- Bankers Healthcare Group, Inc. (BHG), one of the nation's premier providers of financing solutions for medical professionals, announced today that it has selected DIGO (DiMassimo Goldstein), ...

and more »

Kirby McInerney LLP Investigating Potential Class Action Claims Against ... - MarketWatch (press release)

Thu, 24 May 2012 11:02:10 PDT

Kirby McInerney LLP Investigating Potential Class Action Claims Against ...
MarketWatch (press release)
To protect the lender's interest in secured property, mortgage loan contracts require the borrower to maintain specified levels of hazard insurance. If the borrower's coverage lapses, the lender is entitled to purchase coverage for the home, ...

and more »

Seniors grow old under debt [The Baltimore Sun] - Insurance News Net (press release)

Sun, 27 May 2012 01:43:32 PDT

Seniors grow old under debt [The Baltimore Sun]
Insurance News Net (press release)
Workers are paying more for employer-sponsored health insurance, while costs for medical care are skyrocketing. Eligibility for Medicare doesn't begin until age 65, and it does not cover such expenses as hearing aids, dental care and long-term nursing ...

and more »

Online medical shopping lets users compare fees - The Seattle Times

Sat, 26 May 2012 15:31:30 PDT

Online medical shopping lets users compare fees
The Seattle Times
Other sites such as HealthcareBlueBook.com, ClearCost Health and Change Healthcare Corp. help employers identify less costly doctors and providers for their workers. With their out-of pocket medical expenses on the rise, more and more employees are ...

and more »

Gays Marry But Still Face Legal Hurdles - Wall Street Journal

Thu, 24 May 2012 18:14:31 PDT

Gays Marry But Still Face Legal Hurdles
Wall Street Journal
Gay couples have long sought to codify their unions in legal documents such as health-care proxies and life insurance policies that protect them against estate taxes. Same-sex marriage was supposed to simplify the matter, but discrepancies with federal ...

and more »

Trial opens in Medicare fraud case against Houston doctor - Houston Chronicle

Mon, 21 May 2012 18:17:18 PDT

Trial opens in Medicare fraud case against Houston doctor
Houston Chronicle
Dr. Ben Echols, a New York-educated gastroenterologist, is charged with accepting cash in exchange for helping Family Healthcare Services file fraudulent claims to Medicare, the nation's largest insurer for the elderly. "It all starts with the doctor, ...

and more »

Georgia Cross-State Health Insurance Sales Law A Major Bust - Forbes

Tue, 01 May 2012 09:42:43 PDT

Georgia Cross-State Health Insurance Sales Law A Major Bust
Forbes
Last year, Georgia became the first state in the nation to legislate into existence the holy grail of GOP health care policy- cross-state sales of health insurance policies. It was the free-marketer's event of the year in healthcare as conservatives ...

and more »

Mark Stevens on the 'crime' of running a business [VIDEO] - Daily Caller

Sat, 26 May 2012 22:32:41 PDT

Mark Stevens on the 'crime' of running a business [VIDEO]
Daily Caller
... on a New York City radio station during Rush Limbaugh's talk show. “I spend money on advertising to grow my company to employ people, to pay for their health insurance, to give them opportunities to thrive in America,” he told TheDC's Ginni Thomas.

and more »

Allstate Insurance Company Files $6 Million Insurance Fraud Case - MarketWatch (press release)

Tue, 08 May 2012 11:19:34 PDT

Allstate Insurance Company Files $6 Million Insurance Fraud Case
MarketWatch (press release)
The complaint alleges that a New York medical professional corporation, Richmond Radiology, PC, was illegally managed and controlled by an unlicensed person and a management company in violation of New York law. As detailed in Allstate's complaint, ...

and more »

Banks set to argue MBIA split was unreasonable - Reuters

Mon, 14 May 2012 13:21:09 PDT

Banks set to argue MBIA split was unreasonable
Reuters
* Banks to present case against restructuring Tuesday * BofA, Soc Gen seek to annul 2009 MBIA restructuring * Judge to decide whether NY insurance dept abused discretion By Karen Freifeld NEW YORK, May 14 (Reuters) - Bank of America Corp and Societe ...

and more »

New York Taxi Drivers Unsure They Will See Benefits of a Fare Increase - New York Times

Tue, 22 May 2012 19:02:41 PDT

New York Taxi Drivers Unsure They Will See Benefits of a Fare Increase
New York Times
As he ended his shift on Tuesday at a gas station in Midtown Manhattan, Alderete Faustino, a New York City cabby for 25 years, squinted warily at the receipt that laid out his earnings for the day. He had made $141 in cash fares, plus another $150 from ...

and more »

Shearman, Dewey, Allen & Overy, Drinker: Business of Law - BusinessWeek

Thu, 24 May 2012 21:24:01 PDT

Shearman, Dewey, Allen & Overy, Drinker: Business of Law
BusinessWeek
“Anything north of $1 billion is a pleasant surprise,” said Hassan Ahmed, a New York-based analyst at Alembic Global Advisors. “I don't think the market was giving Dow any credit for an imminent settlement.” Kuwait's Petrochemical Industries Co., ...
Judge Denies MBIA Demand for Information from BanksPropertyCasualty360

all 15 news articles »

NATO host committee switches insurance brokers - Chicago Tribune

Sat, 12 May 2012 07:13:46 PDT

NATO host committee switches insurance brokers
Chicago Tribune
The NATO host committee pulled an insurance brokerage contract from Aon Risk Solutions after the company found only one carrier willing to insure local police against lawsuits and at a price higher than summit organizers anticipated, the Tribune has ...

Waitress's Wages Leave Little to Take Home - Forbes

Wed, 23 May 2012 09:46:48 PDT

Forbes

Waitress's Wages Leave Little to Take Home
Forbes
“It is a struggle to pay the rent, let alone gasoline, car insurance and my daughter's school supplies,” said the 41-year-old waitress. “But I'm grateful for the job because I like the people I work with and the customers are nice.

and more »

NJ transgender woman wins battle with insurance company to have mammogram covered - The Star-Ledger - NJ.com

Tue, 01 May 2012 05:47:20 PDT

The Star-Ledger - NJ.com

NJ transgender woman wins battle with insurance company to have mammogram covered
The Star-Ledger - NJ.com
By MaryAnn Spoto/The Star-Ledger When Beth Scott sought a mammogram two years ago, she had every expectation Aetna, the insurance giant, would cover the cost. But the company told Scott, a transgender woman, she had to pay for the screening because ...

and more »

Juniperus Capital Hires Chris McKeown as CEO - MarketWatch (press release)

Mon, 14 May 2012 06:02:59 PDT

Juniperus Capital Hires Chris McKeown as CEO
MarketWatch (press release)
Aquiline Capital Partners LLC ("Aquiline"), a New York-based private equity firm investing in financial services, acquired Juniperus in January of this year to capture growing investor demand for insurance-linked securities. In April of this year, ...

and more »

Health care hinges on commerce clause - Daily Herald

Sun, 27 May 2012 08:51:22 PDT

Health care hinges on commerce clause
Daily Herald
"The modern version of the commerce clause is designed to allow the federal government to regulate anything and everything in the national economy," said Richard Epstein, a New York University School of Law and University of Chicago Law School ...

and more »

A Cancer Diagnosis Should Not Equal Poverty - WebMD (blog)

Fri, 18 May 2012 07:34:23 PDT

WebMD (blog)

A Cancer Diagnosis Should Not Equal Poverty
WebMD (blog)
By Heather Millar I remember clearly when I first realized that cancer too often translates into a financial meltdown: I was sitting in a New York University lobby, waiting for an MRI-guided biopsy. I picked up a copy of CURE, the cancer magazine.

Valets Gone Wild: Who Pays? - Fox Business

Wed, 23 May 2012 07:34:37 PDT

Valets Gone Wild: Who Pays?
Fox Business
CBS consumer correspondent Susan Koeppen spoke with a New York couple who wrote down the mileage on their BMW's odometer before handing the keys to a parking lot attendant at John F. Kennedy International Airport. When the couple returned 11 days later ...

and more »

Southport Re Names Glenn Weber CEO - MarketWatch (press release)

Tue, 01 May 2012 07:01:57 PDT

Southport Re Names Glenn Weber CEO
MarketWatch (press release)
NEW YORK, May 01, 2012 (BUSINESS WIRE) -- Southport Lane, a New York-based private equity firm, has appointed veteran insurance executive Glenn Weber Chief Executive of its reinsurance holding company Southport Re and Executive Vice President of ...

and more »

Assurant Specialty to Hire Up to 100 Workers in Gwinnett County, Ga. - Insurance Journal

Wed, 23 May 2012 09:46:16 PDT

Assurant Specialty to Hire Up to 100 Workers in Gwinnett County, Ga.
Insurance Journal
Assurant Specialty Property, a provider of insurance services, said this week it is hiring as many as 100 new employees at its customer service centers in Gwinnett County, Georgia. The company is hiring part-time and full-time customer service ...

and more »

New Minnesota Life Term Product Offers Guaranteed Benefits with Affordable ... - MarketWatch (press release)

Mon, 14 May 2012 08:27:19 PDT

New Minnesota Life Term Product Offers Guaranteed Benefits with Affordable ...
MarketWatch (press release)
PAUL, Minn., May 14, 2012 (BUSINESS WIRE) -- Minnesota Life Insurance Company will replace its existing term product, Advantage Elite, with Advantage Elite Select in all states except New York, effective May 21. With the launch of Advantage Elite ...

and more »

Towers Watson & Co to buy largest private Medicare exchange - Chicago Tribune

Sun, 13 May 2012 17:12:35 PDT

Towers Watson & Co to buy largest private Medicare exchange
Chicago Tribune
Health insurance exchanges are in the spotlight as the Supreme Court reviews Barack Obama's signature healthcare law, whose provisions include the operation of subsidized, state-regulated health insurance markets in 2014. By running a private Medicare ...

and more »

Reinsurance Fraud Case Against AIG Ex-CEO Greenberg Going to Trial - Insurance Journal

Wed, 09 May 2012 02:33:09 PDT

PropertyCasualty360

Reinsurance Fraud Case Against AIG Ex-CEO Greenberg Going to Trial
Insurance Journal
By Jonathan Stempel | May 9, 2012 A New York appeals court on Tuesday gave former American International Group Inc. Chief Executive Maurice “Hank” Greenberg a partial victory in the state's fraud lawsuit against him over two suspect reinsurance ...
Appeals Court: Case Against AIG's Greenberg Should Go To TrialWall Street Journal

all 6 news articles »

Mahindra Finance to foray into insurance sector - Zee News

Mon, 21 May 2012 23:36:40 PDT

Zee News

Mahindra Finance to foray into insurance sector
Zee News
Anand Mahindra owned Mahindra Finance could soon be making an entry into insurance business as well. According to sources, the non-banking finance company, Mahindra Finance is in talks with one of America's largest insurance company The Travelers ...

Reinsurance Fraud Case Against Former AIG CEO Greenberg Cleared - Insurance & Technology

Tue, 08 May 2012 17:36:32 PDT

PropertyCasualty360

Reinsurance Fraud Case Against Former AIG CEO Greenberg Cleared
Insurance & Technology
A New York appeals court on Tuesday gave former American International Group Inc Chief Executive Maurice "Hank" Greenberg a partial victory in the state's fraud lawsuit against him over two suspect reinsurance transactions, but cleared the way for the ...
AMERICAN INTERNATIONAL GROUP, INC. : Appeals Court : Case Against AIG's ...4-traders

all 30 news articles »

KC Life seeking brokerage acquisition to boost annuity, life insurance business - Kansas City Star

Tue, 01 May 2012 14:17:51 PDT

KC Life seeking brokerage acquisition to boost annuity, life insurance business
Kansas City Star
Kansas City Life Insurance Co. said Tuesday it wants to acquire one or more investment firms to expand its securities business and boost distribution of its individual life insurance and annuity products. The company said it has retained Dominick ...
Kansas City Life gets serious about acquisitionsBizjournals.com

all 3 news articles »

Judge denies MBIA demand for information from banks - Reuters

Tue, 22 May 2012 16:11:48 PDT

Judge denies MBIA demand for information from banks
Reuters
... probe By Karen Freifeld NEW YORK, May 22 (Reuters) - Banks challenging bond insurer MBIA Inc's 2009 restructuring don't have to answer questions about whether they pushed state senators to start an investigation, a New York judge ruled on Tuesday.

and more »

BioScrip cutting 189 jobs in Columbus following Walgreens deal - Bizjournals.com

Mon, 21 May 2012 11:16:10 PDT

BioScrip cutting 189 jobs in Columbus following Walgreens deal
Bizjournals.com
A New York-based pharmacy and home-health services provider is laying off 189 Columbus workers after selling off part its business to Walgreens Co. BioScrip Inc. (NASDAQ:BIOS) sold 30 pharmacies across the country and its Columbus-based mail-order ...

Posted: May 19, 2012 - 12:01 am ET - ModernHealthcare.com

Fri, 18 May 2012 21:19:14 PDT

Posted: May 19, 2012 - 12:01 am ET
ModernHealthcare.com
The fund has completed its initial closing, according to information supplied to investors at a New York not-for-profit healthcare conference. A spokesman for Dignity Health confirmed the system is an investor in CHV III. Trudy Hamilton, an Ascension ...

and more »

Guyana police charge wife of slain NY taxi driver - Wall Street Journal

Wed, 23 May 2012 09:08:13 PDT

Demerara Waves

Guyana police charge wife of slain NY taxi driver
Wall Street Journal
AP GEORGETOWN, Guyana — Police in Guyana have charged the wife of a New York taxi driver and her cousin with his death. Hemwattie Majid of Queens, New York, is expected to appear in court on Wednesday. The 36-year-old nurse is not required to enter a ...
Guyana police probe New York taxi driver's deathNewsOK.com
NY-based nurse charged in Guyana with murdering husbandDemerara Waves

all 22 news articles »

Partners HealthCare System, Inc. Selects Caissa's Portfolio Navigator Software ... - MarketWatch (press release)

Tue, 08 May 2012 07:03:06 PDT

Partners HealthCare System, Inc. Selects Caissa's Portfolio Navigator Software ...
MarketWatch (press release)
NEW YORK, May 8, 2012 /PRNewswire via COMTEX/ -- Caissa, LLC, a leading software firm dedicated to providing risk and portfolio management solutions to institutional investors, today announced that Partners HealthCare System, Inc. has selected ...

and more »

Reno air race organizers get OK to continue event - WSET

Thu, 17 May 2012 15:55:48 PDT

Reno air race organizers get OK to continue event
WSET
A federal appeals panel will hear the case of an ex-CIA officer charged with leaking classified information about Iran's nuclear program to a New York Times reporter. A federal appeals panel will hear the case of an ex-CIA officer charged with leaking ...

and more »

Allstate Insurance Company Files $6 Million Insurance Fraud Case - PR Newswire (press release)

Tue, 08 May 2012 11:19:31 PDT

Allstate Insurance Company Files $6 Million Insurance Fraud Case
PR Newswire (press release)
The complaint alleges that a New York medical professional corporation, Richmond Radiology, PC, was illegally managed and controlled by an unlicensed person and a management company in violation of New York law. As detailed in Allstate's complaint, ...

and more »

Private equity deals - Fortune (blog)

Wed, 09 May 2012 06:05:25 PDT

Private equity deals
Fortune (blog)
... Camden Partners. www.capitalpayments.com Confie Seguros, a New York-based provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired six insurance agencies: Survival Insurance (Burbank, CA); Speedlane Insurance (Upland, ...

and more »

Valets gone wild: Who pays? - NASDAQ

Wed, 23 May 2012 07:52:14 PDT

Valets gone wild: Who pays?
NASDAQ
CBS consumer correspondent Susan Koeppen spoke with a New York couple who wrote down the mileage on their BMW's odometer before handing the keys to a parking lot attendant at John F. Kennedy International Airport. When the couple returned 11 days later ...

and more »

House Financial Services Subcommittee on Insurance, Housing and Community ... - Insurance News Net (press release)

Fri, 18 May 2012 04:44:42 PDT

House Financial Services Subcommittee on Insurance, Housing and Community ...
Insurance News Net (press release)
I commend Chairman Biggert for holding this important hearing and welcome the opportunity to address the Subcommittee on Insurance, Housing, and Community Opportunity. Transatlantic Reinsurance Company (TRC) is a New York domiciled professional ...

and more »

Romney, Obama Medicare Battle a Preview of Pending Healthcare Debates - Becker's Hospital Review

Tue, 15 May 2012 09:51:37 PDT

USA TODAY

Romney, Obama Medicare Battle a Preview of Pending Healthcare Debates
Becker's Hospital Review
According to a New York Times report, Mr. Romney's Medicare plans draws a stark contrast with President Obama's, and that deep difference of opinion will likely play into a more expansive healthcare debate between the two candidates this election ...
Romney joins congressional Republicans in debt attackReuters
The wrong side of history?Examiner.com
Former Obama Adviser Calls Anti-Romney 'Vampire' Ad 'Unfair' [VIDEO]International Business Times

all 4,568 news articles »

Driver safety program scheduled - Utica Observer Dispatch

Wed, 02 May 2012 07:48:45 PDT

Driver safety program scheduled
Utica Observer Dispatch
By Anonymous The Insurance Professionals of the Mohawk Valley will hold a New York Driver Safety Class from 9 am to 3 pm on Saturday, May 19, in the cafeteria of Utica National Insurance, Genesee Street in New Hartford. Participants who successfully ...

AIG ratings stay the same - Live Insurance News

Mon, 21 May 2012 02:22:05 PDT

Live Insurance News

AIG ratings stay the same
Live Insurance News
Standard and Poor's rating still remains the same for American International Group, a New York based company, commonly referred to as AIG. The credit rating service announced that AIG's financial rating of an AA-/A-1+ will not be affected from the ...

Wisconsin governor releases better 2011 jobs data - KFVS

Wed, 16 May 2012 10:10:21 PDT

Wisconsin governor releases better 2011 jobs data
KFVS
A New York judge has struck down as unconstitutional a portion of a law giving the government wide powers to regulate the detention, interrogation and prosecution of suspected terrorists. Citing a threat to journalists and scholars, ...

and more »

The Hubris of Jamie Dimon - BusinessWeek

Thu, 17 May 2012 03:03:13 PDT

CTV.ca

The Hubris of Jamie Dimon
BusinessWeek
His blunt words tumble out in a New York hurry. Unlike other financial chieftains, the CEO of JPMorgan Chase (JPM) seems to relish using those words to berate the lawmakers and regulators that hold his bank's fate in their hands.
JPMorgan not so dumbAsia Times Online
Fed Said to Study How Banks Manage Cash After JPMorgan LossSan Francisco Chronicle
Massachusetts Democrats criticize Sen. Scott Brown over campaign contributions ...MassLive.com
Reuters
all 1,667 news articles »

Entitlement reform for the highly educated - The American (blog)

Tue, 22 May 2012 10:12:36 PDT

The American (blog)

Entitlement reform for the highly educated
The American (blog)
By Thomas P. Miller Former OMB factotum (let's make that “health policy adviser without fixed portfolio”) Zeke Emanuel has returned to academic life, but he opines periodically in a New York Times opinion column. On Sunday, the improbable happened.
Women: 5 steps to salvage retirementMSN Money

all 46 news articles »

Health Bargain Hunters Use Websites to Cut Doctor Bills - Bloomberg

Sun, 20 May 2012 21:08:00 PDT

Bloomberg

Health Bargain Hunters Use Websites to Cut Doctor Bills
Bloomberg
Other sites such as HealthcareBlueBook.com, ClearCost Health and Change Healthcare Corp. help employers identify less costly doctors and providers for their workers. Travelocity for Health Care With their out-of pocket medical expenses on the rise, ...

and more »

Fraud case versus AIG ex-CEO Greenberg cleared for trial - Chicago Tribune

Tue, 08 May 2012 12:57:25 PDT

PropertyCasualty360

Fraud case versus AIG ex-CEO Greenberg cleared for trial
Chicago Tribune
(Reuters) - A New York appeals court on Tuesday gave former American International Group Inc Chief Executive Maurice "Hank" Greenberg a partial victory in the state's fraud lawsuit against him over two suspect reinsurance transactions, but cleared the ...
Fraud Case Against AIG Ex-CEO Greenberg Cleared for TrialWall Street & Technology

all 11 news articles »

Gary Myers named 2011 Associate of the Year by New York Life in Kansas - AugustaGazette.com

Tue, 01 May 2012 05:34:23 PDT

Gary Myers named 2011 Associate of the Year by New York Life in Kansas
AugustaGazette.com
By Anonymous Kansas General Office of New York Life Insurance Company, Joe Tigert, managing partner of the office announced at the New York Life statewide award banquet held at the Drury Plaza Hotel Broadview in downtown Wichita, Kansas earlier this ...

Banks Set to Argue MBIA Split Was Unreasonable - PropertyCasualty360

Tue, 15 May 2012 09:15:06 PDT

Thomson Reuters News & Insight

Banks Set to Argue MBIA Split Was Unreasonable
PropertyCasualty360
They will try to convince a judge that the state insurance department abused its discretion when it approved MBIA's restructuring. The reorganization segregated MBIA's troubled structured-finance business from its traditional bond business.
NY Did 'Shortcut' Review Of MBIA's $5B Breakup, Banks SayLaw360 (subscription)

all 26 news articles »

Amazon.com Becomes the Latest Company to Leave ALEC - Triple Pundit

Mon, 28 May 2012 02:04:24 PDT

Triple Pundit

Amazon.com Becomes the Latest Company to Leave ALEC
Triple Pundit
Click over to a New York Times blog post that features a photo of the billboard and it's pretty obvious: Heartland's website, heartland.org, is highlighted in big, bold letters. Whether it was sheer incompetence or an ill-considered moment of ...

JA Program Helps Eighth Grade Students at Wakefield Middle School “Map their ... - Tucson Citizen

Mon, 14 May 2012 11:19:55 PDT

JA Program Helps Eighth Grade Students at Wakefield Middle School “Map their ...
Tucson Citizen
The curriculum, fully funded by a New York Life Community Impact Grant, helps students undertand the connection between education and quality of life as they develop their own personal road maps to success through goal-setting activities.

Federal appeals panel to hear CIA leak case - KFVS

Fri, 18 May 2012 03:45:30 PDT

Federal appeals panel to hear CIA leak case
KFVS
A federal appeals panel will hear the case of an ex-CIA officer charged with leaking classified information about Iran's nuclear program to a New York Times reporter. A federal appeals panel will hear the case of an ex-CIA officer charged with leaking ...

and more »

TEXT-Fitch rates MetLife's funding agreement programs - Reuters

Tue, 01 May 2012 13:57:25 PDT

TEXT-Fitch rates MetLife's funding agreement programs
Reuters
MetLife Global Funding I (MGF) is a special purpose Delaware statutory trust organized for the sole purpose of issuing non-recourse notes secured by funding agreements issued to MGF by Metropolitan Life Insurance Company (MLIC), a New York domiciled ...

and more »

Another Insurance Attorney From Dewey & LeBoeuf Departs Firm - Insurance Journal

Thu, 03 May 2012 08:24:49 PDT

Another Insurance Attorney From Dewey & LeBoeuf Departs Firm
Insurance Journal
A number of insurance attorneys from NY-headquartered elite law firm Dewey & LeBoeuf have left the company this year, as the firm, well-known for its insurance work, grapples with high debt and partner compensation issues. This week, law firm DLA Piper ...

and more »

Continuity of care document could be boon to public health efforts - FierceHealthIT

Fri, 25 May 2012 08:36:23 PDT

Continuity of care document could be boon to public health efforts
FierceHealthIT
A New York City public health program to identify patients at risk of complications from diabetes could benefit from the increased analytical power of having CCD data. Similar programs could be extended to patients with other chronic conditions, ...

ResCap Filing May Trigger $858 Mln Worth Of CDS Payouts - Wall Street Journal

Tue, 15 May 2012 05:39:40 PDT

ResCap Filing May Trigger $858 Mln Worth Of CDS Payouts
Wall Street Journal
... LLC are expected to change hands between buyers and sellers of the insurance-like protection, following the company's bankruptcy filing Monday. The Chapter 11 filing by the Ally Financial subsidiary in a New York court prompted UBS AG (UBS, UBSN.

and more »

Langdon Ford Financial, Bonnett Honored by GAMA International - MarketWatch (press release)

Wed, 16 May 2012 09:45:32 PDT

Langdon Ford Financial, Bonnett Honored by GAMA International
MarketWatch (press release)
GAMA International created the First in Class Award in 2000 to recognize first-line leaders in the insurance, investment and financial services industry. Langdon and Del Gaudio, who received their award in March at GAMA International's annual ...

and more »

10 Things to Know for Friday - KFVS

Fri, 18 May 2012 03:45:29 PDT

10 Things to Know for Friday
KFVS
A federal appeals panel will hear the case of an ex-CIA officer charged with leaking classified information about Iran's nuclear program to a New York Times reporter. A federal appeals panel will hear the case of an ex-CIA officer charged with leaking ...

and more »

End urged to terror suspects' indefinite detention - KFVS

Wed, 16 May 2012 10:22:01 PDT

End urged to terror suspects' indefinite detention
KFVS
A New York judge has struck down as unconstitutional a portion of a law giving the government wide powers to regulate the detention, interrogation and prosecution of suspected terrorists. Citing a threat to journalists and scholars, ...

and more »

Business raids cost Kansas City millions in taxes - KFVS

Wed, 16 May 2012 12:58:35 PDT

Business raids cost Kansas City millions in taxes
KFVS
A New York judge has struck down as unconstitutional a portion of a law giving the government wide powers to regulate the detention, interrogation and prosecution of suspected terrorists. Citing a threat to journalists and scholars, ...

and more »

US eases economic sanctions to reward Myanmar - KFVS

Fri, 18 May 2012 03:45:30 PDT

US eases economic sanctions to reward Myanmar
KFVS
A federal appeals panel will hear the case of an ex-CIA officer charged with leaking classified information about Iran's nuclear program to a New York Times reporter. A federal appeals panel will hear the case of an ex-CIA officer charged with leaking ...

and more »

Like George Clooney, Sarah Jessica Parker will host mega fundraiser for Obama - Examiner.com

Thu, 24 May 2012 09:52:49 PDT

Like George Clooney, Sarah Jessica Parker will host mega fundraiser for Obama
Examiner.com
The fundraising event is called, "A New York Night," with Barack and first lady Michelle Obama as guests of honor. Like actor George Clooney, who days ago threw the dinner party to end all dinner parties in Hollywood, with mega stars like Barbra ...

and more »

NY authorities: Ring 'stalked' luxury car owners - KFVS

Wed, 16 May 2012 11:27:00 PDT

NY authorities: Ring 'stalked' luxury car owners
KFVS
A New York judge has struck down as unconstitutional a portion of a law giving the government wide powers to regulate the detention, interrogation and prosecution of suspected terrorists. Citing a threat to journalists and scholars, ...

and more »

Health care hangs on court's views of commerce clause - San Antonio Express

Sat, 26 May 2012 20:43:04 PDT

Health care hangs on court's views of commerce clause
San Antonio Express
“The modern version of the commerce clause is designed to allow the federal government to regulate anything and everything in the national economy,” said Richard Epstein, a New York University School of Law and University of Chicago Law School ...

and more »

Wilmington 10: Pardons sought in NC race-riot case - WSET

Thu, 17 May 2012 15:42:05 PDT

Wilmington 10: Pardons sought in NC race-riot case
WSET
A federal appeals panel will hear the case of an ex-CIA officer charged with leaking classified information about Iran's nuclear program to a New York Times reporter. A federal appeals panel will hear the case of an ex-CIA officer charged with leaking ...

and more »

Kirby McInerney LLP Investigating Potential Class Action Claims Against Wells ... - MarketWatch (press release)

Wed, 09 May 2012 13:56:39 PDT

Kirby McInerney LLP Investigating Potential Class Action Claims Against Wells ...
MarketWatch (press release)
To protect the lenders' interest in secured property, mortgage loan contracts require the borrower to maintain specified levels of hazard insurance. If the borrower's coverage lapses, the lender is entitled to purchase coverage for the home, ...

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John Edwards' mistress led a tabloid-grade life - Seattle Post Intelligencer

Sun, 13 May 2012 09:38:16 PDT

John Edwards' mistress led a tabloid-grade life
Seattle Post Intelligencer
Then she met John Edwards in the bar of a New York City hotel in February 2006. Their relationship opened the door to a landslide of lies, most notably that the relationship existed at all, and that the child it produced was his.

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Town so broke it cancels 4th of July - New York Daily News

Thu, 10 May 2012 14:51:06 PDT

New York Daily News

Town so broke it cancels 4th of July
New York Daily News
A New York town struggling under the weight of its pension obligations and facing plummeting tax revenue will be forced to cancel three holidays — unless private donors step in and plug its budget holes. New Rochelle, located just north of New York ...

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NY judge can review BofA directors' settlement-ruling - Reuters

Fri, 04 May 2012 11:49:20 PDT

Financial News

NY judge can review BofA directors' settlement-ruling
Reuters
By Jonathan Stempel (Reuters) - A New York judge can consider whether to approve a $20 million settlement between Bank of America Corp (BAC.N) directors and shareholders who contend the bank overpaid for Merrill Lynch & Co, after a Delaware judge ...
Exclusive: BofA loses top tech bankerCNN

all 125 news articles »

Hello College Debt, Goodbye Risk - Patch.com

Thu, 17 May 2012 02:02:48 PDT

Hello College Debt, Goodbye Risk
Patch.com
A New York Times story on graduates weighted down with college debt makes the case for last week's column. Once again, The New York Times is playing catch-up with Patch.com. On Sunday, The Times had a front-page story about the growing burdens of ...

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Best Buy Hires Recruiter for CEO Search - Wall Street Journal

Mon, 21 May 2012 12:52:48 PDT

Best Buy Hires Recruiter for CEO Search
Wall Street Journal
Spencer Stuart has recently been linked with searches for a New York Times Co. chief executive and board members for Facebook Inc. and CoreLogic Inc. Best Buy's board earlier this month found former CEO Brian Dunn didn't misuse company resources as he ...

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Rivals circle as JPMorgan flails - Crain's New York Business

Sun, 20 May 2012 03:07:17 PDT

Rivals circle as JPMorgan flails
Crain's New York Business
By Aaron Elstein @InTheMkts Whenever a New York bank stumbled a generation ago, executives at Chemical Bank were quick to pounce. "They were known for calling on clients at the bank in trouble and saying, 'Come to us, we're more stable,' " recalled ...

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Watercooler Stories - UPI.com

Thu, 24 May 2012 03:41:11 PDT

Watercooler Stories
UPI.com
NEW YORK, May 24 (UPI) -- A New York man has sued his ex-fiancee -- who twice broke off their engagement -- for nearly $50000 in rent and wedding deposits he said she owes him. Steven Silverstein filed the suit Tuesday in Manhattan Supreme Court.

Henry Ford Dialysis Center Sells for $2.9 Million - CoStar Group

Thu, 17 May 2012 01:19:43 PDT

Henry Ford Dialysis Center Sells for $2.9 Million
CoStar Group
By Stephen Basham American Realty Capital Healthcare Trust, a New York-based REIT, purchased the Henry Ford Dialysis Center in Southfield, MI for $2.9 million or $287 per square foot. AJS Property Holdings was the seller. The 10098-square-foot medical ...

U.S. Banks Sold More Swaps on European Debt as Risks Rose - Bloomberg

Thu, 17 May 2012 20:40:01 PDT

Bloomberg

U.S. Banks Sold More Swaps on European Debt as Risks Rose
Bloomberg
Since it's considered insurance, a German bank can subtract the value of the contracts it purchased on Spanish debt from the total value of its holdings, with the understanding that if Spain doesn't make good on its payment, the CDS underwriter will ...

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European Countries Seek Easing of Provision Included in Iranian Oil Embargo - New York Times

Thu, 10 May 2012 18:48:35 PDT

European Countries Seek Easing of Provision Included in Iranian Oil Embargo
New York Times
Concern about the impact of the insurance provision has grown since the European Union announced the embargo early this year, part of a coordinated Western campaign to penalize Iran over its disputed uranium enrichment program, which Iran says is ...

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Southport Re Names Glenn Weber CEO - EON: Enhanced Online News (press release)

Tue, 01 May 2012 21:15:36 PDT

Southport Re Names Glenn Weber CEO
EON: Enhanced Online News (press release)
NEW YORK--(EON: Enhanced Online News)--Southport Lane, a New York-based private equity firm, has appointed veteran insurance executive Glenn Weber Chief Executive of its reinsurance holding company Southport Re and Executive Vice President of Southport ...

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In JPMorgan Chase Trading Bet, Its Confidence Yields to Loss - New York Times

Fri, 11 May 2012 18:50:01 PDT

Toronto Star

In JPMorgan Chase Trading Bet, Its Confidence Yields to Loss
New York Times
The office was offering to sell insurance on an index of big American corporations like General Mills, Alcoa and McDonald's — known as CDX IG Series 9. If the companies in the index went bankrupt, JPMorgan would have to pay out, but if the companies ...
JPMorgan's Zames Shakes Up Investment Office Afer LossBloomberg
JPMorgan's Trading Loss May Call for More Fed SupervisionBusinessWeek (blog)
JPMorgan losses at mercy of obscure indexBrisbane Times
Toronto Star
all 9,030 news articles »

Pouschine Cook Announces Sale of Doe & Ingalls - MarketWatch (press release)

Tue, 01 May 2012 13:06:03 PDT

Pouschine Cook Announces Sale of Doe & Ingalls
MarketWatch (press release)
NEW YORK, NY, May 01, 2012 (MARKETWIRE via COMTEX) -- Pouschine Cook Capital Management, LLC, a New York City-based private equity firm, announced today the sale of Doe & Ingalls Management, LLC to Thermo Fisher Scientific Inc. (NYSE:TMO) .

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Jailed NY fundraiser's ex-kin gets probation - KGWN

Thu, 17 May 2012 15:49:58 PDT

Jailed NY fundraiser's ex-kin gets probation
KGWN
A federal appeals panel will hear the case of an ex-CIA officer charged with leaking classified information about Iran's nuclear program to a New York Times reporter. A federal appeals panel will hear the case of an ex-CIA officer charged with leaking ...

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Subminimum wage doesn't cut it for single mom waitress - UPI.com

Wed, 23 May 2012 10:26:58 PDT

Subminimum wage doesn't cut it for single mom waitress
UPI.com
"It is a struggle to pay the rent, let alone gasoline, car insurance and my daughter's school supplies," said the 41-year-old waitress. "But I'm grateful for the job because I like the people I work with and the customers are nice.

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MF Global Friday: Judge Rejects Move to Block Fund Access - Farm Futures

Thu, 03 May 2012 23:39:35 PDT

Farm Futures

MF Global Friday: Judge Rejects Move to Block Fund Access
Farm Futures
A few weeks ago, a New York bankruptcy judged ruling on an MF Global request, agreed to release $30 million in insurance funds so former employees would have cash to pay legal fees as they defend themselves against the fallout from this major corporate ...

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Missouri Might Let Your Boss Decide If Your Health Insurance Covers Birth Control - The Frisky

Thu, 17 May 2012 14:46:44 PDT

Missouri Might Let Your Boss Decide If Your Health Insurance Covers Birth Control
The Frisky
[Reuters] A New York man offered to help a drunk woman who was lost and confused call the police, then took her into an alley and raped her. [New York Daily News] The number of women paying alimony and child support to their ex-spouses is on the ...

NJ governor vetoes state health insurance exchange legislation - Business Insurance

Fri, 11 May 2012 10:06:46 PDT

NJ governor vetoes state health insurance exchange legislation
Business Insurance
Chris Christie on Thursday vetoed legislation, that would create a state health insurance exchange where insurers could provide coverage to individuals and small employers. In his veto message, Gov. Christie, a Republican, said creating an exchange ...

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Can You Really Be Fired for Being 'Too Hot'? - Fox Business

Wed, 23 May 2012 06:08:41 PDT

Can You Really Be Fired for Being 'Too Hot'?
Fox Business
While that alleged reason to fire someone might seem extreme for a New York lingerie manufacturer, the incident can serve as a warning to all other companies in how to deal with the way employees dress. Human resources and legal experts weigh in on ...

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Venture capital deals - Fortune (blog)

Fri, 18 May 2012 06:28:13 PDT

Venture capital deals
Fortune (blog)
FTV Capital led the round, and was joined by Liberty Mutual Insurance.www.utopiainc.com NextIO, an Austin, Texas-based provider of /O consolidation and networking solutions, has raised $12.3 million in Series F funding. Return backers include Adams ...

The New York Department of Financial Services Announces Emergency Promulgation ... - JD Supra (press release)

Mon, 21 May 2012 08:34:25 PDT

The New York Department of Financial Services Announces Emergency Promulgation ...
JD Supra (press release)
by Sutherland Asbill & Brennan LLP on 5/21/2012 On May 14, 2012, the New York Department of Financial Services (the NYDFS) announced the emergency promulgation of Insurance Regulation 200. The emergency regulation requires all life insurers doing ...

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Dime Savings Bank of Williamsburgh's Application to Convert to New York State ... - Marketwire (press release)

Thu, 24 May 2012 13:37:04 PDT

Dime Savings Bank of Williamsburgh's Application to Convert to New York State ...
Marketwire (press release)
The Application still requires approval from the Federal Deposit Insurance Corporation ("FDIC"). Should such approval be granted, the NYSDFS will serve as the Bank's primary regulator and the FDIC will serve as the Bank's primary federal regulator.

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Upgrades & Downgrades: Still Losing Your Shirt in Abercrombie - Minyanville.com

Thu, 17 May 2012 06:37:17 PDT

Upgrades & Downgrades: Still Losing Your Shirt in Abercrombie
Minyanville.com
By Justin Sharon May 17, 2012 9:35 am MINYANVILLE ORIGINAL By the time none other than Astoria Financial (AF) — named for a New York neighborhood long home to the largest Greek enclave outside of Athens — brought trading to a close, investors were ...

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Dental Abuse Seen Driven by Private Equity Investments - Bloomberg

Wed, 16 May 2012 21:17:52 PDT

Bloomberg

Dental Abuse Seen Driven by Private Equity Investments
Bloomberg
Isaac's dentist was dispatched to his school by ReachOut Healthcare America, a dental management services company that's in the portfolio of Morgan Stanley Private Equity, operates in 22 states and has dealt with 1.5 million patients.

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The Social Conservative Review: May 24, 2012 - Family Research Council (blog)

Thu, 24 May 2012 07:15:43 PDT

The Social Conservative Review: May 24, 2012
Family Research Council (blog)
A New York court has issued a ruling that once would have been unimaginable: that child pornography is acceptable to view online. An American President applauds same-sex “marriage.” The federal government is trying to force religious-based hospitals ...

Street's Rally Doesn't Reach Facebook, Post-IPO Shares Get Smacked - Forbes

Mon, 21 May 2012 11:37:38 PDT

Street's Rally Doesn't Reach Facebook, Post-IPO Shares Get Smacked
Forbes
Chairman and Chief Executive Jamie Dimon spoke at a New York conference Monday, and while most of his remarks rehashed previous comments about the big bank's multi-billion dollar trading loss he also said the firm has suspended its share repurchase ...

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Large Investors Choose to Swim on Their Own - Wall Street Journal

Tue, 22 May 2012 17:00:57 PDT

Large Investors Choose to Swim on Their Own
Wall Street Journal
"I think it's a secular change," said Sean P. O'Shea, managing principal at Sienna Capital Partners, a New York-based real-estate advisory firm. "Investors are developing their capabilities to go direct, allowing them to control the use of leverage and ...

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Rochester, firefighters at odds over vacant building placards - Rochester Democrat and Chronicle

Thu, 17 May 2012 02:03:19 PDT

Rochester, firefighters at odds over vacant building placards
Rochester Democrat and Chronicle
City officials want state permission to sidestep a New York Fire Code requirement that they post placards warning firefighters and other first responders about unsafe conditions inside vacant properties. Rochester is the first city in the state to ...

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