Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
NYS Department of Financial Services Names Fischer to Lead Insurance Division
Apr 21 2016 // New York’s financial regulator promoted Scott Fischer to be the state’s top insurance watchdog, a position that involves overseeing about 1,700 companies with more than $4 trillion of assets. Fischer, 44, a...
New York AG Sues Health Insurer Over Hepatitis C Treatment
Apr 19 2016 // New York’s attorney general has filed a lawsuit against an Albany-area health insurer that he says broke the law by denying coverage for expensive hepatitis C treatments until patients showed advanced symptoms of the...
TigerRisk Hires Swiss Re’s Kusche as Partner in New York
Apr 19 2016 // TigerRisk Partners LLC, a reinsurance broker and risk/capital management advisory firm, has hired Philipp Kusche as partner and global head of Insurance-Linked Securities(ILS) and Capital Solutions. Based in...
New York Launches New Effort to Increase Teen Driver Safety
Apr 18 2016 // New York state is launching a new effort to reduce teen driver deaths and injuries. Timed to coincide with high school proms, spring dances and graduations, the campaign includes public awareness and stepped up law...
Business Moves
Apr 18 2016 // Arthur J. Gallagher, Joseph Distel, Continuum Solution Arthur J. Gallagher & Co. has acquired Joseph Distel & Co. Inc. in Farmington, Conn. Terms of the transaction were not disclosed. Founded in 1955, Joseph...
New York AG Probes Retailers Over Use of On-Call Shifts
Apr 15 2016 // New York Attorney General Eric T. Schneiderman, along with officials from attorneys general offices from seven other states and the District of Columbia, recently sent letters to a number of large retail companies...
N.Y. Extends Health Insurance Enrollment Period for Domestic Violence Victims
Apr 13 2016 // New York is requiring health insurers providing individual coverage through the state health exchange to allow victims of domestic violence or abandonment to enroll at any time. The Department of Financial Services says...
New York Health Exchange to Enroll 470K in New Low-Cost Option
Apr 12 2016 // New York state’s health exchange expects to enroll more than 470,000 New Yorkers in its new low-cost option for coverage this year. Testifying at an Assembly hearing last week, exchange Executive Director Donna...
New York Playwright Seeks $20M in Damages Over ‘Barbershop’ Movie
Apr 12 2016 // A New York playwright filed a lawsuit on Monday claiming $20 million in damages and seeking to block Friday’s opening in movie theaters of “Barbershop: The Next Cut,” the fourth of a series of comedies...
Federal Court Rules CGL Insurance Covers Data Breach
Apr 12 2016 // A federal appeals court in Virginia has upheld a lower federal court in ruling that a commercial general liability policy (CGL) may cover a data breach. In a case involving the publication of private medical records on the...
N.Y. Authorities Wrote 85K Tickets for Texting While Driving in 2015
Apr 11 2016 // The number of drivers issued a ticket for talking on a hand-held cellphone is dropping in New York state — though more people than ever are being caught texting while behind the wheel. New York Gov. Andrew Cuomo said...
Uber, Lyft Campaign to Expand Operations Into Upstate New York
Apr 8 2016 // Uber and Lyft are gearing up for a campaign to expand their ride-hailing operations into upstate New York to include Buffalo, Rochester, Syracuse and Albany. New Yorkers for Ridesharing, a coalition of more than 50 groups...
New York Study Highlights Avoidable Emergency Room Costs
Apr 8 2016 // A New York health insurer’s study shows 10 common conditions like sinus infections and sprains represented more than 2 million visits to hospital emergency rooms statewide and cost about $1.3 billion in 2013. The...
New York’s Ethan Allen Insurance Fraud Case Cited in ‘Panama Papers’
Apr 7 2016 // An insurance scam that involved selling bogus liability policies — including one to the operator of the New York tour boat Ethan Allen before it sank in 2005 — has gotten a mention in the data leak dubbed...
Anbang Insurance to Acquire Allianz’s South Korea Operations
Apr 6 2016 // Anbang Insurance Group Co., which walked away from a bid to acquire Starwood Hotels & Resorts Worldwide Inc. last week, has agreed to buy Allianz SE’s operations in South Korea. The Chinese insurer will purchase...
Risk Strategies Acquires Maggs & Associates in New York
Apr 5 2016 // Risk Strategies Company, a privately held, national insurance brokerage and risk management firm based in Boston, announced Tuesday that it has acquired Maggs & Associates in Schenectady, New York. Terms of the...
Carlyle Group Acquires Wholesale Trading Co-Op in New York
Apr 5 2016 // Wholesale Trading Co-Op Insurance Services, a wholesale brokerage based in New York City, recently announced that its assets will be acquired by private-equity giant Carlyle Group. Terms of the transaction were not...
2 Killed After Amtrak Train Hits Backhoe Near Philadelphia
Apr 4 2016 // An Amtrak train struck a piece of construction equipment just south of Philadelphia on Sunday causing a derailment, killing two people and sending more than 30 others to hospitals, authorities said. Train 89 was heading...
Universal P&C Expands to New Jersey, New York
Apr 4 2016 // Universal Insurance Holdings Inc., an insurance holding company in Fort Lauderdale, Florida, is continuing its expansion into the Northeast. The company announced in March that its subsidiary Universal Property &...
Cuomo, N.Y. Legislative Leaders Reach Deal on Minimum Wage Hike
Apr 1 2016 // New York Governor Andrew Cuomo and state legislative leaders reached a deal on Thursday to raise New York state’s minimum wage towards $15 per hour, but fell short of a uniform state-wide increase. The deal outlines...
