Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
2017 Changes to Used Car Dealer Bonds in New York
Dec 16 2016 // Those in the business of selling used cars in the state of New York will need to comply with new surety bond requirements in the spring of 2017. The car dealer bond is part of the licensing criteria enforced by the New...
13 New York City Workers Arrested in $500K Insurance Fraud Scheme
Dec 15 2016 // Thirteen current and former New York City employees have been arrested in a $500,000 insurance fraud scheme. Authorities say 10 FDNY emergency medical technicians and paramedics, including EMS officers, and three NYPD...
Some Bangladesh Bank Insiders Helped Hackers Steal $81M: Investigator
Dec 13 2016 // Some Bangladesh central bank officials deliberately exposed its computer systems and enabled hackers to steal $81 million from its account at the Federal Reserve Bank of New York in February, a top police investigator in...
Supreme Court Denies Greenberg Bid to Halt New York AG’s Reinsurance Case
Dec 12 2016 // The U.S. Supreme Court on Monday rejected former American International Group CEO Maurice “Hank” Greenberg’s bid to escape civil fraud charges in New York accusing him of orchestrating sham transactions...
Fatal New York City Crane Collapse Blamed on Operator Error
Dec 12 2016 // New York City officials are blaming a crane collapse that killed a man in lower Manhattan in February on operator error. The city Department of Buildings said Friday the crane operator failed to secure the 565-foot crane...
A Conciliatory Airbnb Offers Guidelines for Cities’ Homesharing Regulation
Dec 9 2016 // In a moment of peace-making with regulators, Airbnb on Wednesday released a set of policy suggestions for governments that are considering new laws for home- and apartment-renting. The document, which comes on the heels of...
Judge Sides with Insurer in Greg Allman Movie Producer Coverage Dispute
Dec 9 2016 // A California federal judge has rendered a ruling on the insurance dispute that emanated from the fatal train accident during the 2014 shooting of the Gregg Allman biopic Midnight Rider in Georgia. In a summary judgment...
JenCap Holdings Agrees to Acquire NIF Group in New York
Dec 8 2016 // JenCap Holdings LLC, a New York-headquartered consolidator of specialty insurance distribution and program management businesses, has agreed to acquire privately held NIF Group Inc. (NIF), a managed general agency, program...
Supreme Court ‘Easily’ Settles Insider Trading Liability Question
Dec 7 2016 // For two years, stock traders and the attorneys who represent them said insider-trading law was a muddle, with no one knowing exactly what was or wasn’t legal. On Tuesday, the U.S. Supreme Court said it had...
California’s Cyence Hires Merchant to New York City Office
Dec 7 2016 // Cyence, a San Mateo, Calif., based company that works to empower the insurance industry to model the economic impact of cyber risk, has named John Merchant as director of business development. He will be working with...
Alston & Bird Adds Two Litigation Partners in New York
Dec 6 2016 // International law firm Alston & Bird has hired Adam Kaiser and John Aerni as partners in the firm’s New York office. Both Kaiser and Aerni are senior litigators with more than 50 years of collective experience,...
Airbnb, New York City Settle Rental Law Lawsuit
Dec 6 2016 // Airbnb Inc. and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals. Airbnb...
Insurtech Lemonade Wins $34 Million in New Funding As It Readies for West Coast Expansion
Dec 5 2016 // Lemonade, the home and renters insurance company run by artificial intelligence and behavioral economics, announced a $34 million B round of funding. The latest round was led by General Catalyst with participation from GV...
People – East
Dec 5 2016 // Henderson Brothers Inc., a Pittsburgh, Penn., based independent broker, has hired Braden Brodsky as a senior financial analyst in the employee benefits department. In this role, Brodsky will use his three years of industry...
New York Subway Escape Alcoves Probed After Accident Killing Worker
Dec 5 2016 // A New York subway train struck two workers in a tunnel, killing one and injuring the other, and investigators are looking at whether there is enough room in the escape alcoves along the tracks. A federal official briefed...
2016 State Specialist P/C Insurers Revealed: Demotech
Dec 5 2016 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by companies to the National Association of Insurance Commissioners (NAIC). The 11 categories...
Swiss Re’s U.S. Solar Power Plant is One Part of Its Climate Change Commitment
Dec 1 2016 // Swiss Re’s solar power installation at its U.S. headquarters in Armonk, N.Y., a 2-megawatt facility expected to be up and running by late spring 2017, is just one part of a green theme that the carrier has been...
New York Officials Warn Drivers to Watch for Pedestrians
Dec 1 2016 // The city is ramping up pedestrian safety efforts during the annual influx of holiday visitors and decreased daylight hours. Mayor Bill de Blasio, police Commissioner James P. O’Neill and other officials said Tuesday...
Western New York Restaurant Closed After 60 Illnesses Reported
Dec 1 2016 // Health officials have closed a suburban Rochester restaurant after dozens of people reported getting sick after eating there on Thanksgiving. The Monroe County Health Department says it closed the Golden Ponds Restaurant...
Sirius May Settle Music Copyright Suit Brought by The Turtles for $100M
Nov 30 2016 // Sirius XM Holdings Inc. may pay close to $100 million after settling a copyright lawsuit brought by founding members of the 1960s band The Turtles over the satellite radio company’s broadcast of songs made before...
