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