Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Yankee Uniform Sleeve Gets the Starr Treatment
Jul 14 2023 // On July 21, when the New York Yankees open their first homestand after the All Star break, the players’ famous uniforms will look a bit different. They will sport a Starr Insurance logo on the sleeve. The...
Founder of Crypto Lender Celsius Network Arrested, Charged With Fraud
Jul 13 2023 // Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a U.S. prosecutor in New York said Thursday, while three federal regulatory agencies sued...
Vermont Residents, Businesses Turn to Recovery From Flooding Amid Mud, Debris
Jul 13 2023 // Floodwaters receded in Vermont cities and towns pummeled by a storm that delivered two months of rain in two days, allowing officials to focus on recovering from a disaster that trapped residents in homes, closed roadways...
Rain Eases After Flooding Vermont, Other Northeast States But More Expected
Jul 12 2023 // A storm that left up to two months` worth of rain in Vermont and saturated other parts of the Northeast was moving out Tuesday, but more flooding was expected after already cutting off access to some communities, including...
AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources
Jul 12 2023 // One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter. French...
Flash Floods Rage in Vermont, New York; Woman Killed; Economic Impact Could Hit $5B
Jul 11 2023 // Torrential downpours unleashed flash floods on the U.S. Northeast on Monday that washed out roadways, overwhelmed rivers, prompted 50 swift boat rescues and killed a woman who was swept away in front of her fiancé,...
Slow-Moving Storm Puts New York City, East Coast Under Flood Threat
Jul 10 2023 // New York City and the eastern US braced Sunday for severe thunderstorms as a creeping weather front drags across the region and raises the risk of flooding from Vermont to North Carolina. The slow-moving line of showers...
Judge Delays Minimum Wage Hike for New York City App Drivers
Jul 10 2023 // A judge Friday ordered New York City to temporarily delay new minimum pay standards for app-based food delivery workers, a day after being sued by Uber Eats, DoorDash and Grubhub. City officials recently announced plans to...
People & Places
Jul 3 2023 // National Linda Johnson Global reinsurance broker Gallagher Re appointed Linda Johnson vice chairperson for its North American team. Johnson will be responsible for producing new business for large casualty and structured...
Tiffany’s New York City’s Flagship Store Escapes Damage From Nearby Fire
Jun 30 2023 // Smoke that billowed outside Tiffany & Co.’s New York flagship location on Thursday morning was from a transformer that caught fire underneath the sidewalk, according to the city’s fire department. The smoke...
Travelers Must Pay $2M for Yacht Lost in Irma: Florida Law Bars ‘Technicality’ Denials
Jun 28 2023 // Travelers must pay a $2 million claim by the owner of a 92-foot-long yacht that was sunk by Hurricane Irma because Florida law does not allow insurers to deny claims based on inconsequential technicalities. A panel of the...
New York City Gets $25M for E-Bike Charging Stations to Prevent Battery Fires
Jun 28 2023 // After a series of fires involving faulty e-bike batteries including a recent blaze that claimed four lives, New York City officials announced Sunday that they are receiving a $25 million emergency grant from the federal...
Credit Ratings for New York Schools Insurance Reciprocal Downgraded
Jun 28 2023 // AM Best has downgraded the Financial Strength Rating to A-(Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of New York...
New York City Seeks Public Help With E-Bike Crackdown After Deadly Fires
Jun 27 2023 // New York City officials called on the public to help with a crackdown on unsafe e-bike shops after a spate of deadly fires caused by lithium ion batteries, the latest of which killed four people in Manhattan’s...
People Moves: Abuzaid to Lead NFP Health & Safety; Cunningham Named Lockton Re North American Leader
Jun 26 2023 // NFP Appoints Abuzaid to Lead Its Occupational Health & Safety Group Insurance brokerage NFP has appointed Hamid Abuzaid as the new leader of its occupational health and safety group (OHS). NFP is headquartered in New...
World Insurance Acquires The Mogil Organization of New York City
Jun 23 2023 // World Insurance Associates announced that it acquired the business of The Mogil Organization LLC of New York, New York. Terms of the transaction were not disclosed. Since 1957, Mogil has offered corporate and personal...
New York Lawmakers Approve Bill Removing Medical Debt From Credit Reports
Jun 23 2023 // Hospitals and other health care providers in New York would be banned from reporting medical debt to credit agencies under a bill passed this week by the state’s legislature – a measure intended to limit the...
New York Law Protecting Warehouse Workers From ‘Unreasonable Quotas’ Goes Into Effect
Jun 22 2023 // Legislation aimed at protecting New York warehouse workers from “unreasonably demanding work quotas” is now in effect. New York Governor Kathy Hochul said the Warehouse Worker Protection Act includes new...
Structured Settlement Cash-out Left Impaired Man with Little. Transamerica Not Liable
Jun 22 2023 // Transamerica’s annuity and life insurance units have dodged a bullet and are not liable for their roles in a mentally challenged man giving away most all of his lifetime structured-settlement benefits, a federal...
Three Die After Brother Crashes Into Vehicle Driven by Sister in New York
Jun 22 2023 // A third person has died following a head-on crash between two siblings in a rural town in western New York, officials said. Dahlia J. Klink, 24, was pronounced dead Sunday night from injuries she suffered after her younger...
