Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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:...
People – East
May 23 2016 // A former American International Group (AIG) executive is joining QBE Group to become CEO of its North American operations. Russell Johnston will succeed David Duclos in the role of QBE CEO for its North American operation...
Geico to Hire More Than 100 New Associates in New York
May 23 2016 // Geico announced it plans to hire more than 100 new associates in its Buffalo, New York, location for additional positions in claims, sales and service. Geico, the largest auto insurer in New York, said its policyholder...
New York Health Insurers Propose Hikes for Individual, Small Group Rates
May 20 2016 // New York health insurers have proposed premium increases averaging 17.3 percent for next year in the market for individuals and 12 percent for small groups. The New York State Department of Financial Services often reduces...
More Than 400 Homes Wrecked by Superstorm Sandy Auctioned Off in New York
May 18 2016 // Matt Price and his wife, Carla, of Babylon, New York, are gambling that the devastation inflicted by Superstorm Sandy will be their key to the American dream of home ownership. The couple was among the successful bidders...
New York Diocese Sues Regulators Over Insurer Abortion Mandate
May 16 2016 // The Roman Catholic Diocese of Albany, New York, has sued state insurance regulators over requirements that workplace health plans cover employee abortions. The New York State Department of Financial Services lacks...
Ex-New York Senate Leader Skelos, Son Get Prison Terms
May 16 2016 // A once-powerful New York politician convicted of using his position as Senate majority leader to help his son extort hundreds of thousands of dollars was sentenced May 12 to five years in prison after each asked for mercy...
Brown & Brown to Acquire Morstan General Agency in New York
May 16 2016 // Brown & Brown Inc. announced Monday that it has agreed to acquire substantially all of the operating assets of Morstan General Agency Inc. and related companies based in Manhasset, New York. The transaction is...
Ontario Insurance Brews Up Craft Beverage Producer Coverage in New York
May 13 2016 // Cooperative insurer Ontario Insurance Company has launched a new insurance program for craft brewers and distillers in New York State. Dubbed the “Craft Brewer’s Kit,” the new insurance offering works...
New York Orders Nail Salons to Pay $2M in Unpaid Wages, Damages
May 11 2016 // New York authorities say they have ordered 143 nail salons to pay $2 million in unpaid wages and damages to 652 workers. A state task force established a year ago said Monday that it has opened investigations into more...
New York Announces Task Force to Combat Heroin, Opioid Abuse
May 11 2016 // New York Gov. Andrew Cuomo on Tuesday announced he’s forming a new statewide task force to combat heroin and opioid abuse. Cuomo said the task force is comprised of experts in healthcare, drug policy, advocacy,...
Uber to Start Guild for 35K Drivers in New York City
May 11 2016 // Uber Technologies Inc. agreed to start a guild for 35,000 drivers in New York that will help them negotiate with the ride-hailing company, though the group will have less power to resolve disputes than a full-fledged...
Investigation of $81M Bangladesh Bank Heist Uncovers 3 Hacker Groups: Sources
May 11 2016 // Investigators examining the theft of $81 million from Bangladesh’s central bank have uncovered evidence of three hacking groups — including two nation states — inside the bank’s network but say it...
New York Launches Website for Extreme Weather
May 10 2016 // New York is launching a website to help communities across the state prepare for extreme weather. The website created by the New York State Energy Research and Development Authority (NYSERDA) provides access to more than...
New York Regulator Approves New Virtual Currency Exchange
May 10 2016 // New York state has approved regulations allowing a new virtual currency called Ether. Gov. Andrew Cuomo, a Democrat, and the state’s Department of Financial Services announced the move on May 5. The regulations will...
