Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Sompo Canopius Launches U.S. Ocean Marine Unit; Hires XL Catlin’s Ellis to Head
Aug 31 2016 // Sompo Canopius AG is diving into the U.S. ocean marine business. The global specialty insurer and reinsurer, which is wholly-owned by Sompo Japan Nipponkoa Insurance Inc., calls this a “significant expansion”...
Hospital Surgery Rates for Workers’ Compensation Vary Widely
Aug 30 2016 // Hospital rates for outpatient surgery paid by workers’ compensation vary significantly across states with states with fixed fee schedules having lower surgery costs for injured workers. Workers compensation costs for...
Governor Cuomo Reviewing Bill to Establish Fines for New York Airbnb Users
Aug 30 2016 // New York Gov. Andrew Cuomo must soon decide whether to authorize hefty fines for many people who offer to rent out their New York City apartments on Airbnb. Meanwhile, the online booking service said it’s policing...
Judge Grants Uber’s Request to Put New York Price Fixing, Arbitration Lawsuit on Hold
Aug 29 2016 // A federal judge on Friday granted a request by Uber Technologies Inc. and its chief executive officer to put a passenger’s price-fixing lawsuit against them on hold, while they appeal his refusal to let them...
New York’s Crystal & Co. Hires Ackley as Client Consultant
Aug 26 2016 // Crystal & Co., a New York based strategic risk and insurance advisor, has hired Jenifer Ackley as a director responsible for addressing clients’ risk management, insurance brokerage and employee benefits...
Starr Companies Expands with Nashville, Pittsburgh Offices, Leaders
Aug 25 2016 // Starr Companies, a New York based global insurance and financial services organization, is continuing to expand its field operations throughout the U.S. with the addition of new offices and leadership. Most recently, the...
A.M. Best Revises Outlook to Negative for New York-Based Lancer Insurance
Aug 22 2016 // A.M. Best has revised its outlook from stable to negative for New York-based Lancer Insurance Co. and Lancer Indemnity Co. The move comes as Lancer Insurance’s underwriting performance declined in the past several...
New York’s Columbia University Faces $100M Lawsuit for Mismanaging Retirement Plan
Aug 18 2016 // Columbia University was accused on Tuesday of mismanaging its retirement plan in a federal civil lawsuit that alleges $100 million in damages. The suit is the latest to target a major university’s retirement plan...
New York Judge: Hedge Fund Head’s $100M Defamation Claim Better Suited for Bahamas
Aug 17 2016 // A New York state judge on Wednesday threw out billionaire hedge fund manager Louis Bacon’s $100 million defamation lawsuit against Canadian fashion designer Peter Nygard, saying the case tied to their long-running...
Interview: Public Affairs ‘Ironman’ Kevelighan Takes Helm at I.I.I.
Aug 16 2016 // Committing to a few extreme physical fitness events every year keeps Sean Kevelighan honest. “That, for me, is the incentive to insure that I keep my training going. It’s really good for your health, obviously,...
Further Simplifying, AIG to Sell United Guaranty to Arch for $3.4 Billion
Aug 16 2016 // American International Group Inc. agreed to sell mortgage insurer United Guaranty Corp. to Arch Capital Group Ltd. as Chief Executive Officer Peter Hancock works to simplify his company and free up capital to return to...
New York Court Rules in Favor of Injured Electrician Seeking Recovery From Employer
Aug 15 2016 // A New York court has ruled in favor of an electrician seeking recovery of unsatisfied judgment from his employer and its insurance company after being injured on the job. Pramendra Persaud was injured after falling off of...
New York’s VALE Insurance Adds DeRose to Transactional Team
Aug 15 2016 // VALE Insurance Partners, a New York based managing general agency focused on writing specialty property/casualty insurance, has hired Lidore Alexandra DeRose as vice president and underwriter. In her new role, DeRose will...
Independent Insurance Agents of New York Promotes MacConnell
Aug 12 2016 // Independent Insurance Agents & Brokers of New York Inc., an insurance producer trade organization based in Syracuse, N.Y., has promoted Julie MacConnell from director of marketing and communications to assistant vice...
GEICO Set to Expand Western New York Operations, Add 600 Jobs
Aug 11 2016 // GEICO is planning to expand its regional operations office in Western N.Y. in a move that it expects will bring more than 600 new jobs to the region, the company announced. The firm is set to open an additional facility in...
A.M. Best Revises Outlook to Negative for New York-Based Lancer Insurance
Aug 11 2016 // A.M. Best has revised its outlook from stable to negative for New York-based Lancer Insurance Co. and Lancer Indemnity Co.. The move comes as Lancer Insurance’s underwriting performance declined in the past several...
Firms May Shirk Foreign Verdicts as a Result of Chevron’s Pollution Win
Aug 11 2016 // Chevron wasn’t the only winner in Monday’s ruling by a federal appeals court over its long-running Ecuadorian pollution litigation. The victory, in which the court affirmed that a lawyer for victims engaged in...
New York Woman Faces 5 Years in Prison for Stealing $492K from Employer
Aug 10 2016 // A 61-year-old New York woman has been sentenced to prison time for stealing nearly half a million dollars from her longtime employer. The Erie County District Attorney’s Office said Bernadette Szymanski of...
New York Warns Against Selfies While Driving
Aug 10 2016 // Authorities are warning N.Y. drivers against taking selfies, citing a national review suggesting they are among the most likely to do it. It’s generally illegal except in an emergency to use a handheld mobile device...
AIG CEO Focus on Boosting Returns, Not Too Big to Fail Label
Aug 10 2016 // American International Group Inc. Chief Executive Officer Peter Hancock said he’s more focused on boosting returns than worrying about the government’s classification of his company as too big to fail. Peter...
