Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
MetLife to Change Brand Name of Spinoff Retail Brand to Brighthouse
Jul 21 2016 // MetLife Inc., the New York-based insurer that traces its roots to the 1860s, said it’s come up with a new name for a U.S. retail unit that’s slated for separation. The business will be known as Brighthouse...
New York Workers’ Compensation Loss Costs Going Up Oct. 1
Jul 21 2016 // New York has approved a 9.3 percent average hike in workers’ compensation loss costs. The new benchmarks will go into effect Oct. 1. New York businesses, while not pleased, see the hike as necessary in order to keep...
3 States Sue Volkswagen, Charge Cover-Up of Diesel Fraud Went on for Years
Jul 20 2016 // Senior executives at Volkswagen AG including its former chief executive covered up evidence that the German automaker had cheated on U.S. diesel emissions tests for years, three U.S. states charged on Tuesday in civil...
BHSI Expands into Transactional Liability Market with Underhill, 3 Others
Jul 19 2016 // Berkshire Hathaway Specialty Insurance (BHSI) reported that it has expanded into Transactional Liability Insurance in the U.S. and Canada and named Robert Underhill as senior vice president, head of Transactional...
Integro Names Ro as New York Operations Leader
Jul 19 2016 // International broker and risk management firm Integro Insurance Brokers today announced the appointment of Esther Ro as New York operations leader. She succeeds Anne Anderson, who has taken on the role of North America...
States to Sue VW Over Diesel Scandal
Jul 19 2016 // New York and Maryland are among several states planning to sue Volkswagen AG over the environmental damage done by devices that were designed by the carmaker to cheat on pollution-control tests. Maryland Attorney General...
Berkshire Hathaway Purchasing New York Medical Liability Insurer
Jul 18 2016 // Berkshire Hathaway subsidiary National Indemnity Co. is acquiring Medical Liability Mutual Insurance Co. of New York for an undisclosed price. The deal comes as the insurer completes its conversation from a mutual company...
Man Playing Pokemon Go While Driving in NY Crashes Car Into Tree
Jul 18 2016 // A man is recovering from minor injuries he suffered when he crashed his brother’s car into a tree in central New York while playing Pokemon Go on his smartphone. Police in Auburn in the Finger Lakes region tell The...
Construction Firm Sentence for New York Worker’s Death: Pay for Public Announcements
Jul 15 2016 // A construction company convicted in the death of a worker in a New York trench collapse has been sentenced to fund a series of worker safety public service announcements. But an attorney for Harco Construction LLC told a...
Insurers Lose Bid to Dismiss Suit Over Bear Stearns Financial Crisis Settlement Costs
Jul 14 2016 // A decade ago, Bear Stearns Cos. agreed to pay $250 million to resolve regulators’ claims that it was at the center of a system that allowed clients to break mutual-fund trading rules. JPMorgan Chase & Co., which...
New York Homebuyers Are Overpaying on Title Insurance
Jul 13 2016 // Homebuyers in New York State overpaid on the cost of their title insurance to the tune of $155.3 million last year, according to a new report from OneTitle National Guaranty Co. Based on public records for 182,487 real...
Malleolo Joins New York’s Lawley in Westchester County Office
Jul 13 2016 // Buffalo, New York-based insurance agency Lawley has added Pat Malleolo to its employee benefits sales division in its recently relocated Purchase, N.Y. office. The hiring of Malleolo in Lawley’s Westchester County...
New York Gives Aetna-Humana Merger Green Light with Conditions
Jul 12 2016 // New York’s insurance regulator has conditionally approved Aetna Inc.’s $37 billion takeover of Humana Inc., one of the last state sign-offs needed for the deal, people familiar with the matter said. The...
People – East
Jul 11 2016 // The New York State Senate has confirmed Governor Andrew Cuomo’s pick to become the state’s top financial regulator. The confirmation vote for Maria Vullo, Cuomo’s nominee for superintendent of the New...
Oil Shipments Down Hudson River Raise Spill Concerns
Jul 11 2016 // The Hudson River may still become a major corridor for the shipment of thick, tar sands oil from Canada despite moves last year by New York officials that attempted to halt those efforts. At issue is a key air permit...
Hulk Hogan Moves to Take Down Gawker’s Liability Shield in Bankruptcy
Jul 8 2016 // Hulk Hogan, stymied by the bankruptcy filing of Gawker Media in the midst of a legal battle over a sex tape, is fighting back using the tools of Chapter 11 law. Hogan, unable to collect a $140 million jury verdict against...
Confie Acquires 2 New York Agencies: Sprague in Corning; Mason in Hancock
Jul 7 2016 // National insurance distribution firm Confie has acquired two insurance brokerages in New York State – Lloyd D. Sprague & Son Inc. and J.N. Mason Agency Inc. Confie, a portfolio company of ABRY Partner, has completed...
New York Agrees to ‘Principle-Based’ Reserving Rule for Life Insurers
Jul 7 2016 // New York state’s top financial regulator, Maria Vullo, agreed to adopt new industry-supported reserve requirements for life insurers, departing from a predecessor who derided the shift as ” unwise.” The...
AIG’s Zigerlig Joins Hub Northeast’s Fine Arts Division in New York
Jul 6 2016 // Katja Zigerlig has joined Hub Northeast as senior vice president, Fine Arts and Special Risks Group, responsible for developing business with collectors, museums, dealers and estates. Zigerlig will be based in the New York...
New York’s High Court Rules on Joint Duty to Warn of Asbestos Danger
Jun 30 2016 // New York’s highest court has upheld court judgments against a steam valve manufacturer, citing its failure to warn of the dangers of using its valves with gaskets and packing that contain asbestos. The Court of...
