Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Greenberg Facing Trial in New York AG’s Case Tied to AIG Reinsurance Deal
Jun 2 2016 // Former American International Group CEO Maurice “Hank” Greenberg must stand trial over alleged sham transactions, New York’s top court ruled on Thursday, as the long-time financial industry titan failed...
Anbang Withdraws Application for New York Review of FGL Deal
Jun 1 2016 // Anbang Insurance Group Co. withdrew its application to the New York Department of Financial Services to acquire Fidelity & Guaranty Life and plans to refile “in the near future,” according to a regulatory...
Atlantic, Gulf States, Metro Areas Ranked by Homes Exposed to Storm Surge: CoreLogic
Jun 1 2016 // More than 6.8 million homes on the Atlantic and Gulf coasts are in danger of hurricane storm surge damage. The total cost for reconstruction of the homes located in 19 states and the District of Columbia is more than $1.5...
NYC Plans to Issue Salt-Warning Fines as Lawsuit Continues
May 31 2016 // New York City plans to start enforcing a first-of-its-kind requirement for chain restaurants to use icons to warn patrons of salty foods after getting an appeals court’s go-ahead on May 26 to start issuing fines. But...
New York Police to Step Up Enforcement Over Memorial Day Weekend
May 27 2016 // The New York State Police and local law enforcement statewide will be stepping up patrols to combat drunk and impaired driving this Memorial Day weekend, New York Gov. Andrew Cuomo announced. Memorial Day is one of the...
New York Bill Aims to Expand Contraception Insurance Coverage
May 27 2016 // Advocates, lawmakers, and physicians are calling for the passage of a bill that would provide insurance coverage for all FDA approved contraceptive drugs and products in New York. The Comprehensive Contraception Coverage...
PIANY’s Priority Legislation Introduced to Address CE Requirements
May 27 2016 // The Professional Insurance Agents of New York State Inc. (PIANY) said New York State Assembly has introduced a PIANY-drafted bill (A.10378) that would eliminate the need for agents and brokers to take duplicate...
XL Catlin, A.J. Gallagher to Offer ‘Lifestyle’ Coverage for Art Collectors in New York
May 25 2016 // XL Catlin and A.J. Gallagher have formed an exclusive underwriting agreement to offer a lifestyle insurance program for young and new art collectors in New York City. The policy, known as “Five for Five”,...
FEMA Vows Changes to Flood Insurance Claims Appeals
May 25 2016 // After learning some hard lessons from Superstorm Sandy, the Federal Emergency Management Agency says it is reforming the way it handles appeals from disgruntled policyholders in the National Flood Insurance Program. The...
New York AG Claims Domino’s Pizza Liable for Wage Theft by Franchisees
May 25 2016 // The New York attorney general’s office on Tuesday sued Domino’s Pizza Inc, claiming it is liable for wage theft by franchisees because the company used a computer system that it knew under-calculated...
Vanbridge Holdings Appoints 4 New Board Members in New York
May 24 2016 // Vanbridge Holdings LLC, an insurance intermediary, capital advisory and insurance and reinsurance management firm based in New York City, has appointed four new members to its Board of Directors. Joining the board are...
IIABNY Lauds New York Senate Committee’s Approval of Workers’ Comp Bill
May 24 2016 // The Independent Insurance Agents & Brokers of New York (IIABNY) applauded a New York Senate committee’s action to protect employers from surprise insurance premium increases in their workers’ compensation...
Risk Strategies Acquires John Buttine Inc. in New York City
May 24 2016 // Risk Strategies Company announced Tuesday that it has acquired John Buttine Inc., an insurance brokerage in New York City with a specialty focus on media-related businesses and services. Terms of the transaction were not...
Labor Unions Searching for Strategies to Join the Gig Economy
May 24 2016 // The International Association of Machinists and Aerospace Workers trumpeted an agreement reached earlier this month to represent New York Uber drivers, saying it “gives organized labor an opportunity to shape the new...
Cyber Bank Thieves Stole $12M from Ecuador Bank in 2015, Using SWIFT System
May 24 2016 // Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells...
R-T Specialty Hires CRC Exec Sparling in New York
May 23 2016 // R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC, has hired J.C. Sparling as executive vice president. He is based in New York City. Sparling is a seasoned property wholesale broker who has been...
New York State Insurance Fund Expands Pay-As-You-Go Payment Service
May 23 2016 // The New York State Insurance Fund (NYSIF) announced that it is expanding its pay-as-you-go premium payment plan, NYSIF PAYGO, to include additional payroll service companies. NYSIF said PAYGO is a simple and convenient way...
New York Auditors Find $3.45M in Faulty Workers’ Comp Claims
May 23 2016 // New York auditors report preventing 206 incorrect claims for $1.85 million in workers’ compensation and medical benefits last year while identifying 417 duplicate claims for $1.6 million paid over the past two...
Allianz Expands Entertainment Division to NYC With New Hires
May 23 2016 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has expanded its Entertainment division with the appointment of four key hires, based in New York City. Allianz Group said...
Business Moves
May 23 2016 // Confie, Automobile Insurance Specialists Inc., Trinity Insurance LLC, Whitehead Insurance Inc. Confie has acquired three insurance agencies in Las Vegas, South Florida, and Washington State. Confie acquired the assets of:...
