Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
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...
