Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
UPC Insurance to Buy Interboro for $57M
Sep 30 2015 // United Insurance Holdings Corp. (UPC Insurance) said it will pay $57 million for Interboro Insurance Co., a New York-based property/casualty insurer licensed to operate in four states and Washington, D.C. The deal involves...
Hurricane Joaquin Keeps Forecasters Guessing on Its Path
Sep 30 2015 // Tropical Storm Joaquin jumped in strength and is forecast to become a Category 1 hurricane by Wednesday, even as computer models disagree on where it will end up. Joaquin’s top winds reached 65 miles (105 kilometers)...
Preferred Mutual Hires Butler-Andersen as Field Sales Manager in New York
Sep 29 2015 // Kindra Butler-Andersen Preferred Mutual Insurance Company in New Berlin, New York, hired Kindra Butler-Andersen as field sales manager. Butler-Andersen brings more than 22 years of industry experience to Preferred, having...
Worldwide Facilities Hires Craane as New York Casualty Practice Leader
Sep 28 2015 // Worldwide Facilities, a wholesale broker and managing general agent based in Los Angeles, hired Bill Craane as vice president and New York Casualty Practice leader. He’s based in Worldwide Facilities’ New York...
New York Regulators to Shut Obamacare Insurer Health Republic
Sep 28 2015 // Health Republic Insurance of New York, the Affordable Care Act insurer that got $265 million in U.S. loans, will stop selling policies and eventually cease operations under orders from New York and federal regulators. The...
New York Regulator Issues 1st Virtual Currency License to Company
Sep 25 2015 // New York State regulators have approved their first license to a company dealing in virtual currency such as bitcoin. Circle Internet Financial has outlined security, capitalization, controls against money laundering and...
No Coverage for Tony Stewart in Ward Race Car Death: Axis Insurance
Sep 25 2015 // Axis Insurance says the lawsuit brought against racing star Tony Stewart, whose car struck and killed another racer during a New York event in 2014, is not covered by the insurance policies it issued for Stewart. Axis...
Farmers Insurance Opens Its 1st Territory Office in Connecticut
Sep 25 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...
Vanner Insurance Agency Acquires Edmund D. Stevens in New York
Sep 23 2015 // Vanner Insurance Agency, an independent agency based in Amherst, New York, announced that it recently boosted its marine insurance business by acquiring Buffalo, New York-based agency Edmund D. Stevens Inc. and its marine...
Brit Announces Investment in New York-Based Ambridge Partners
Sep 23 2015 // Brit Limited, a global specialty insurer and reinsurer based in London, announce that it has made a significant strategic investment in Ambridge Partners LLC, a New York-based managing general underwriter of transactional...
Worldwide Facilities, LLC Appoints New Vice President & New York Casualty Practice Leader
Sep 23 2015 // Leading Wholesale Insurance Brokerage Expands Resources in New York Office New York, NY, September 22, 2015 — Worldwide Facilities, LLC is pleased to announce that Bill Craane has joined the company’s New York City...
Taxi Owners’ Credit Union, Hurt by Uber, Seized by New York Regulator
Sep 21 2015 // Montauk Credit Union, a large provider of loans to taxi medallion owners, was seized on Friday by New York State’s top financial regulator. The New York State Department of Financial Services said the seizure was...
New York Fears Audit of Insurer in Albany Probe Could Trigger Insolvency, Rate Hikes
Sep 21 2015 // New York doctors, some of whom already pay 10 times more for malpractice insurance than physicians in San Francisco, may see their rates soar thanks to a state audit beginning this month. Physicians’ Reciprocal...
People – East
Sep 21 2015 // Holborn, an independent reinsurance broker based in New York, hired Roderick P. Thaler as executive vice president. In this role, Thaler will serve as a member of Holborn’s Franchise Operating Committee and will be...
New York Health Insurer’s Data Breach Puts 10M Records at Risk
Sep 21 2015 // Upstate New York health insurer Excellus BlueCross BlueShield said on Sept. 10 that its computer systems and those at affiliates had been breached, exposing data from more than 10 million members, in the latest case to...
Will Uber Employee Status Ruling in California Impact Its Business Model?
Sep 21 2015 // A California Labor Commission ruling in June that an Uber driver is an employee and not a contractor opens the door to more scrutiny over the rideshare giant’s business model, but that was just the proverbial tip of...
Court Gives WTC Developer Chance to Recoup More Money for Rebuilding
Sep 18 2015 // A federal appeals court has given the developer Larry Silverstein a new chance to recoup more money for rebuilding the World Trade Center site in New York, on top of the $4.1 billion of insurance proceeds he has...
New York to Receive Up to $20M to Develop Connected Vehicle Technologies
Sep 18 2015 // New York City will be the main testing ground for a smart device installed in vehicles to warn motorists of impending dangers and congestion, the U.S. secretary of transportation announced on Sept. 14. Secretary Anthony...
Beecher Carlson Hires Ross as Casualty Client Executive in New York
Sep 16 2015 // Beecher Carlson Insurance Services LLC, a specialized large account insurance broker and a wholly-owned subsidiary of Brown & Brown Inc., hired Jason Ross as casualty client executive, Northeast Casualty...
