Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Brownyard Group Promotes Pereira to Lead Foundation Program in New York
Nov 3 2015 // Teri Pereira Brownyard Group, an insurance program administrator based in Bay Shore, New York, has promoted Teri Pereira to account manager of the Foundation program. The Foundation program provides specialized liability...
As Activist Investors Circle, AIG Posts Q3 Loss; Plans to Cut 400 Jobs
Nov 2 2015 // American International Group Inc., the insurer facing pressure from activist shareholder Carl Icahn for a breakup, posted a third-quarter loss as investment results deteriorated. The company plans to cut as many as 400...
Officials Say Shutdown of Health Republic Insurance of N.Y. Should Accelerate
Nov 2 2015 // New York State and federal authorities say the shutdown of Health Republic Insurance of New York should accelerate after they found it is in worse financial shape than they knew when it was ordered to stop writing new...
Superstorm Sandy: Ohio’s 6th Costliest Natural Disaster
Oct 30 2015 // Superstorm Sandy in late October 2013 was Ohio’s sixth costliest natural disaster in recent history from an insured loss standpoint, an insurance trade group says. Moving inland after devastating parts of the East...
N.Y. Sen. Gillibrand Calls for More Transparency in NFIP Claims Process
Oct 28 2015 // U.S. Sen. Kirsten Gillibrand, D-New York, is announcing legislation to require the Federal Emergency Management Agency to be more accountable to property owners who file claims. Gillibrand says many New Yorkers whose homes...
Albanese to Exit as New York’s Financial Regulator Before End of Year
Oct 27 2015 // The acting head of New York’s Department of Financial Services will step down before the end of the year, giving New York Governor Andrew Cuomo a run at reshaping a regulator that has levied billions of dollars of...
N.Y. Gov. Cuomo Calls for Statewide Licensing System for Uber, Lyft
Oct 23 2015 // New York’s governor says he’s in favor of a statewide licensing system for Uber and Lyft as the two app-based car services look to expand throughout the state. Gov. Andrew Cuomo told reporters Wednesday that a...
Uber Pushing to Expand Throughout New York State
Oct 22 2015 // Uber wants to expand throughout New York state into cities like Buffalo, Albany, Syracuse and Rochester where the ride-hailing service is now prohibited from operating. A company executive on Tuesday called on state...
Carwash Owners Sue New York City Over New Surety Bond Rules
Oct 22 2015 // A group of carwash owners have filed a lawsuit against New York City charging a new law illegally favors unionized carwashes. The Association of Car Wash Owners lawsuit centers on rules that require owners of nonunionized...
BHSI Adds New Leadership, Expands Executive, Professional Lines Offerings
Oct 21 2015 // Berkshire Hathaway Specialty Insurance (BHSI) has added new leadership to its Executive & Professional Lines as part of the company’s expansion of its dedicated underwriting capabilities in the U.S. According to...
Kingstone Approved to Write P/C Insurance in Connecticut
Oct 21 2015 // Kingstone Companies Inc., a New York-domiciled multi-line property/casualty insurance holding company, today announced that its subsidiary, Kingstone Insurance Company, was granted approval to write P/C insurance in...
Private Equity Firm Kelso to Acquire Majority Stake in Boston’s Risk Strategies
Oct 20 2015 // Risk Strategies Company, a Boston-Based insurance and benefits brokerage, and Kelso & Company, a New York City-based private equity firm, announced today that they have signed a definitive agreement whereby Kelso will...
Dewey Case Ends with Hung Jury; Top Execs Avoid Jail
Oct 20 2015 // Three former top executives of Dewey & LeBoeuf LLP avoided potential prison terms after a Manhattan jury failed to agree on whether they lied to investors in the run-up to the largest law-firm bankruptcy in...
People – East
Oct 19 2015 // Zurich announced that Paul Horgan, previously head of Group Reinsurance, has been appointed CEO of Zurich’s Global Corporate in North America (GCiNA) business. As CEO, Horgan is now accountable for the direction,...
New York to Shut Down Obamacare Insurer Health Republic
Oct 19 2015 // New York State authorities have ordered Health Republic Insurance of New York, a nonprofit insurance cooperative, to stop writing new policies and wind down business after existing policies expire, citing the likelihood...
Study: Flood Risk Rising for New York City, New Jersey Coast
Oct 19 2015 // A new study looking back over 1,000 years finds the flooding risk along the New York and New Jersey coasts increased greatly after industrialization, and major storms that once might have occurred every 500 years could...
Unlike Uber, On-Demand Office Service Cleans Up with Employees
Oct 16 2015 // It’s scorching on the streets of Midtown Manhattan as Afonso Oliveira strides around the lunch-break crowds, unbent beneath his 45-pound, $350 industrial backpack. He is carrying everything that might be needed to...
N.Y. Gov. Cuomo Announces New Measures to Combat Worker Exploitation
Oct 16 2015 // New York Gov. Andrew Cuomo announced on Oct. 14 new measures to support a statewide task force to combat worker exploitation. The measures include a new $700,000 funding to coordinate outreach and education with workers...
Attorneys: N.Y. Woman’s Lawsuit Against Nephew Was an Insurance Case
Oct 15 2015 // A New York woman who sued her 12-year-old nephew for $127,000 over injuries she received when he exuberantly greeted her at his birthday party four years ago was forced to go to court over her medical bills, her lawyers...
Vanderbilt Properties Insurance Brokerage Hires Correll as VP in New York
Oct 15 2015 // Vanderbilt Properties Insurance Brokerage, a New York City-based national program administrator and brokerage for the real estate industry, hired Kim Correll as vice president of New Business Development. In her new role,...
