Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Inside Big Pharma’s Stealth War on Drug Price Watchdog: Reuters Special Report
Sep 11 2020 // As evidence grew this spring that the drug remdesivir was helping COVID-19 patients, some Wall Street investors bet on analysts’ estimates that its maker, Gilead Sciences Inc., could charge up to $10,000 for the...
Clyde & Co. Hires Voses as a Partner in New York
Sep 10 2020 // Global law firm Clyde & Co has hired insurance lawyer Marc Voses as a partner in New York to further enhance its U.S. and global insurance practices. Voses joins from Goldberg Segalla, where he was chair of the...
Department Store Blames Insurers As It Files Bankruptcy and Shuts Down
Sep 10 2020 // Century 21 Stores, an iconic New York off-price department store chain, filed for bankruptcy with plans to shut down, becoming the latest victim of the retail industry carnage that’s accelerated during the...
Buffett’s Duracell Countersues Energizer, Alleging False Ads Over Battery Life Claims
Sep 9 2020 // Duracell, the battery unit of Warren Buffett’s Berkshire Hathaway Inc., sued the maker of Energizer batteries on Tuesday, accusing it falsely advertising that its Energizer MAX batteries last up to 50% longer than...
Trump Labor Rule That Narrows ‘Joint Employer’ Standard Struck Down by Judge
Sep 9 2020 // A federal judge on Tuesday struck down a Trump administration rule that narrowed the definition of “joint employer,” and which the attorneys general of 17 states and Washington, D.C. said would eliminate...
Business Moves
Sep 7 2020 // National Aon, Wills Towers Watson Shareholders of insurance brokers Aon and Willis Towers Watson have approved all of the proposals necessary to complete their previously announced combination, the firms announced. Aon...
People & Places
Sep 7 2020 // National Amy Stepnowski The Hartford has appointed Amy Stepnowski to the positions of chief investment officer of The Hartford and president of Hartford Investment Management Co. (HIMCO), effective Aug. 1. She succeeds...
Skuld Appoints Jensen as Senior Vice President in New York
Sep 2 2020 // Marine insurer Skuld has appointed Åse Naaman Jensen as senior vice president and head of Skuld New York, succeeding Charles B. Anderson. To ensure a smooth transition, Naaman Jensen will work in parallel with Anderson...
Four Hurt in Fire Pit Explosion in Wealthy Hamptons Area of New York
Sep 1 2020 // Four people suffered serious burns when a fire pit exploded in the wealthy Hamptons area of New York’s Long Island, police said. The explosion happened just before 7 p.m. Saturday at a house in Bridgehampton, the...
World Insurance Associates Acquires New York’s Countywide Insurance Agency
Sep 1 2020 // World Insurance Associates LLC (WIA), acquired Countywide Insurance Agency of Jefferson Valley, N.Y., on July 1, 2020. Terms of the transaction were not disclosed. Countywide Insurance Agency provides insurance products...
Judge Allows Palin Defamation Suit Against New York Times
Aug 31 2020 // A federal judge on Friday rejected the New York Times’ bid to dismiss Sarah Palin’s defamation lawsuit over a 2017 editorial she said falsely linked her to a mass shooting. U.S. District Judge Jed Rakoff in...
Revel Brings Electric Moped Sharing Back to New York City; Helmets Required
Aug 28 2020 // Electric moped sharing company Revel on Thursday said it was returning to the streets of New York City with a new safety protocol, a month after it voluntarily suspended operations in the city following a string of deadly...
NTSB Finds Limo Owner Evaded Safety Rules Before Fatal New York Crash
Aug 28 2020 // The owner of the stretched limousine that crashed and killed 20 people in upstate New York repeatedly changed the listed number of seats in the vehicle and took other steps to avoid safety regulations, according to...
Anbang, Andy Bang, $1 Trillion in Claims. Ritz-Carlton Mystery Gets Its Day in Court.
Aug 24 2020 // When a 26-year-old Uber driver walked into a California deeds office two years ago, it was the real-estate equivalent of a butterfly flapping its wings and causing a tsunami half a world away. Hired by an elderly Chinese...
Declarations
Aug 24 2020 // The Big One “This announcement means that California’s world-class earthquake early warning system will be a standard function on every Android phone — giving millions precious seconds to drop, cover and...
How One Young Brokerage Founder Plans to Target a ‘Different’ High Net Worth Market
Aug 24 2020 // As a self-taught app developer, when Hayden Kopser sees a problem, he seeks to build a solution. So, when he observed during his time working at AIG that some brokerages weren’t adequately servicing high net worth...
N.Y. Regulator Fines Assurant Subsidiary $2.8M for Violating State Insurance Laws
Aug 21 2020 // The New York State Department of Financial Services (DFS) has fined The Signal, LP, an Assurant Company, $2.8 million for failing to comply with New York insurance laws. A DFS press release alleged that The Signal provided...
New York Regulator Issues Insurance Fraud Action Against Two Opioid Manufacturers
Aug 20 2020 // The New York State Department of Financial Services (DFS) has filed charges and initiated administrative proceedings against Teva Pharmaceutical Industries Ltd. and its subsidiaries, as well as Allergan PLC and its...
Arceo.ai Names Gamble in New York to Lead Broker Relations
Aug 19 2020 // Cyber analytics firm Arceo.ai has named Thomas Gamble as executive vice president and global chief distribution officer. Gamble will be based in Arceo’s New York offices. Gamble has experience in mergers and...
New York Regulator Takes Action to Expedite Isaias-Related Insurance Claims
Aug 13 2020 // The New York State Department of Financial Services (DFS) has taken action to help expedite the payment of insurance claims for New Yorkers affected by Tropical Storm Isaias. As the storm moved through the eastern portion...
