Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Amtrak Sponsors $275M Cat Bond for Northeast Storm Surge, Wind, Quake
Oct 14 2015 // Amtrak is getting $275 million of reinsurance protection from the capital markets for its wholly owned captive, covering storm surge, wind and earthquake perils, according to GC Securities. GC Securities, the capital...
N.Y. Gov. Cuomo: Denying Global Warming Isn’t a Survival Plan
Oct 13 2015 // New York Gov. Andrew Cuomo on Oct. 8 joined government leaders worldwide in signing an agreement to help combat global warming and keep the Earth’s average temperature from rising dangerously. The Under Two MOU, a...
Update: Ex-Dewey & LeBoeuf Execs Acquitted of Some Additional Counts
Oct 13 2015 // A Manhattan jury on Tuesday acquitted three former executives of bankrupt law firm Dewey & LeBoeuf of several criminal charges but remained deadlocked on most of the charges, including the most serious, grand...
New York-Based Freedom Specialty Rebranded as Nationwide
Oct 12 2015 // Nationwide Mutual Insurance Company announced that the New York-based Freedom Specialty Insurance Company is taking on the Nationwide name, effective Oct. 8. Freedom Specialty’s rebranding aims to leverage...
Hub International Acquires Oxford Coverage in New York
Oct 12 2015 // Hub International Limited, a global insurance brokerage, announced that it has acquired the operations of Oxford Coverage in Brooklyn, New York. Terms of the acquisition were not disclosed. Oxford Coverage is a brokerage...
Bailey Place Insurance to Acquire Cotterill Agency in New York
Oct 9 2015 // Bailey Place Insurance, an independent agency with offices in Cortland, Dryden and Ithaca, New York, announced that it will acquire the Cotterill Agency Inc., an independent agency based in Dryden, New York, effective Dec....
Fraud Class Action Claim Filed Against Fantasy Sports Sites
Oct 9 2015 // Fantasy sports companies FanDuel and DraftKings are coming under further pressure as a player in Kentucky accused them of negligence and fraud in a lawsuit. Adam Johnson, a daily fantasy player from Jefferson County, says...
N.Y. to Spend $20M on Affordable Housing in Communities Hit by Sandy
Oct 8 2015 // New York state is setting aside $20 million to build affordable housing units in communities that were damaged by Superstorm Sandy and other severe weather systems in recent years. New York Gov. Andrew Cuomo’s office...
FAA Hopes to Send Message with $1.9 Million Penalty Against Drone Photographer
Oct 7 2015 // The U.S. Federal Aviation Administration is proposing the largest fine to date against a drone operator as the agency cracks down on the booming use of unmanned aircraft in congested skies over populated areas. The agency...
N.Y. Broker Pleads Guilty to Stealing Nearly $830K in Premiums, Other Funds
Oct 6 2015 // A Jericho, New York, insurance broker pleaded guilty to stealing nearly $830,000 in insurance premiums and other funds, said Acting Nassau County District Attorney Madeline Singas’ office. Singas’ office said...
New York AG Schneiderman, EBSA Agree to Joint Insurer Oversight
Oct 6 2015 // New York’s Attorney General Eric Schneiderman and the federal Employee Benefits Security Administration have agreed to share information and address violations of laws covering health insurance offered as worker...
New York Grants Charter to Winklevoss-Backed Bitcoin Exchange
Oct 6 2015 // Gemini Trust Company, founded by investors Tyler and Cameron Winklevoss, has been granted a license to operate as a chartered limited liability trust company by the New York State Department of Financial Services, the...
Pennsylvania Holds Hearing on Issue of Surprise Medical Bills
Oct 5 2015 // Advocates for consumers, insurers, hospitals and doctors clashed on Oct. 1 at a Pennsylvania hearing on surprise bills for expensive out-of-network health care services sent to patients who thought their treatments were...
Taxi Owners’ Credit Union, Hurt by Uber, Is Seized by Regulator
Oct 5 2015 // The New York City-based Montauk Credit Union, a large provider of loans to taxi medallion owners, was seized on Sept. 18 by New York State’s top financial regulator. The New York State Department of Financial...
People – East
Oct 5 2015 // Specialty program manager Victor O. Schinnerer & Company Inc. promoted Brian Hanuschak to president. Hanuschak will be based in the firm’s Chevy Chase, Maryland, headquarters and report to Rob Byler, CEO of The...
Farmers Opens Connecticut Territory Office
Oct 5 2015 // Farmers Insurance, which began providing insurance and financial services to Connecticut consumers on Jan. 1, 2015, announced the opening of the company’s first territory office in the state. The new office, located...
Confie Acquires Alabama, New York, Florida Brokers
Oct 2 2015 // National personal lines insurance broker Confie said it has acquired four insurance brokers with locations in Alabama, western New York and Florida. Confie acquired TS Insurance Group which specializes in non-standard auto...
Energy Companies Are Preparing for Possibility of Joaquin Hitting NYC Area
Oct 1 2015 // U.S. energy companies said on Wednesday they were preparing for the possibility that Hurricane Joaquin could hit the New York City area early next week, potentially following the destructive course of Hurricane Sandy in...
N.Y. Assemblyman Seeks to Build Coalition to Fix ‘Broken’ NFIP
Sep 30 2015 // New York State Assemblyman Phil Goldfeder (D – Rockaway Beach) is reaching out to congressional representatives in Mississippi and Louisiana communities hardest hit by Hurricane Katrina in 2005 to encourage...
Study: Flood Risk on Rise for New York City, New Jersey Coast
Sep 30 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...
