Andrew Cuomo News

New York Sues Fossil Fuel Majors, Plans Divestment from Pension Funds

New York City announced on Wednesday that it filed a multibillion dollar lawsuit against five top oil companies, citing their “contributions to global warming,” as it said it would divest fossil fuel investments from its $189 billion public pension funds …

Airbnb’s New York Fight Moves From Legislature to Courtroom

Airbnb Inc. is fighting to stay alive in the biggest rental market in the U.S. Hours after New York Governor Andrew Cuomo signed a bill into law that will fine residents who rent out their apartments for illegal short-term stays, …

N.Y. Regulators Identify 10 Banks With Worst Sandy Aid Statistics

New York Gov. Andrew Cuomo and the state’s Department of Financial Services announced the “bottom 10” banks with the worst statistics for paying out insurance claims to Superstorm Sandy victims. Officials said they have notified these banks to speed up …

Industry Groups Applaud N.Y. Gov. Cuomo’s Workers’ Comp Reform Proposal

New York Gov. Andrew Cuomo’s proposal to strengthen the state’s workers’ compensation system — officially introduced on Jan. 22 as part of his 2013-2014 executive budget — is getting a positive reception from insurance industry associations.The American Insurance Association (AIA) …

N.Y. Gov.: New Workers’ Comp Legislation Will Offer Relief to Businesses

New York State Gov. Andrew Cuomo said this week his administration plans to introduce new legislation to continue to improve the workers’ compensation system and provide relief to thousands of businesses.The new proposals were included in the governor’s State of …

N.Y. Gov. Vetoes Supplemental Uninsured/Underinsured Motorists Bill

New York State Governor Andrew Cuomo this week has vetoed a bill concerning the Supplemental Uninsured/Underinsured Motorists (“SUM”) coverage. Gov. Cuomo struck down the bill, S.7787/ A.10784, this Monday, Dec. 17. Both chambers of the New York State legislature approved …

N.Y. Banks, Lenders to Expedite Insurance Payments to Homeowners

New York Gov. Andrew Cuomo announced Wednesday that major banks and mortgage servicers will take action to expedite insurance payments to New York homeowners in the wake of Superstorm Sandy. Currently, insurance claim checks must be endorsed by the banks …

N.Y. Gov. Cuomo Announces Storm Aid for L.I. Counties

New York Gov. Andrew Cuomo said the state is providing $8.5 million to Nassau and Suffolk counties on Long Island. The money will be used to pay expenses from damage done last year by Hurricane Irene and Tropical Storm Lee. …

N.Y. Gov. Cuomo Orders Statewide Health Insurance Exchange

Gov. Andrew Cuomo issued an executive order Thursday to establish a statewide health insurance exchange intended to reduce coverage costs for individuals, small businesses and local governments. The New York Health Benefit Exchange, a federally authorized and financed marketplace for …