Articles by Freeman Klopott and Greg Farrell

Albanese to Exit as New York’s Financial Regulator Before End of Year

The acting head of New York’s Department of Financial Services will step down before the end of the year, giving New York Governor Andrew Cuomo a run at reshaping a regulator that has levied billions of dollars of penalties against …

New York Fears Audit of Insurer in Albany Probe Could Trigger Insolvency, Rate Hikes

New York doctors, some of whom already pay 10 times more for malpractice insurance than physicians in San Francisco, may see their rates soar thanks to a state audit beginning this month. Physicians’ Reciprocal Insurers, whose shaky finances are central …

Drivers Criticize New York Crossing Where Train, Car Collided

The Westchester County rail crossing made Nicole Sanders anxious even before she witnessed this week’s fiery fatal collision between a commuter train and a sport- utility vehicle. “There are a whole lot of moving parts for the driver to consider,” …

New York Train Crash Investigators Ask Why SUV Stopped on Tracks

Federal investigators are trying to determine why a woman driving a Mercedes-Benz sport-utility vehicle stopped in the middle of railroad tracks, leading to the fiery crash of a New York commuter train in Westchester County that killed six people. The …

N.Y. Assembly Speaker Silver Accused of Running 15-Year Graft Scheme

New York Assembly Speaker Sheldon Silver reaped millions of dollars in kickbacks in a 15-year conspiracy that involved medical referrals, real estate developers and law firms, the U.S. said. Silver, 70, used his position to refer asbestos cases from a …

Caution: Pulling Plug on Traffic Cameras Leaves Municipalities in the Red

Municipalities that installed traffic cameras to boost revenue are scraping for cash to fill budget gaps after complaints by irate drivers forced them to cancel their use. Nassau County on Long Island ended its program after speed cameras led to …

More Snow Threatening for Western New York as Flooding Risk

Lake-effect snow that killed six people and halted travel across western New York may reach as high as 7 feet in some areas before stopping tomorrow, when temperatures will start to rise along with the risk of flooding. At least …

More Than 200 New Speed Cameras Coming to NYC, Long Island School Zones

New York City can add 120 speed cameras in school zones under a bill approved by state lawmakers, a boost to Mayor Bill de Blasio’s plan to eliminate pedestrian deaths in the most populous U.S. metropolis. New York Governor Andrew …

New York Metro-North Becomes Inquiry Magnet After Held Up as Rail Model

Two years after being singled out for international honors, Metro-North Railroad finds itself facing a wave of retirements, under three federal safety investigations, and explaining to officials and riders why a locomotive engineer drove a speeding train into a deadly …

N.Y. Settling Worker-Insurance Claims With AAA Issue: Muni Deals

The New York Dormitory Authority is borrowing $370 million this week to repay workers’ compensation claims, the first sale under a regulatory overhaul that Democratic Governor Andrew Cuomo said will save $1.2 billion. The issue is the first of as …