Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Citi Appoints Haider to its Financial Institutions Group in New York
May 19 2020 // Citi has appointed Jawad Haider as North America head of insurance in its Financial Institutions Group, based in New York. He is starting at Citi effective immediately. Haider has more than 20 years of experience in...
People & Places
May 18 2020 // National Scott Kreuzer has been appointed as senior managing director, Americas, at Aspen Re, effective May 4, 2020. Kreuzer joins Aspen Re from Axis Reinsurance, where he has served as senior vice president and head of...
What to Expect in Workers’ Compensation Costs From COVID-19: NCCI
May 18 2020 // If only 10% of health care workers contract COVID-19 and all of their claims are deemed compensable, workers’ compensation loss costs for that sector could double or even triple in some states, according to an...
New York’s Simco Insurance Center Joins Satellite Agency Network Group
May 15 2020 // Simco Insurance Center recently joined Satellite Agency Network (SAN) Group Inc., an alliance of independent insurance agencies in the Northeast. Established in 2005, Simco Insurance Center is a family-owned business...
New York’s The IMA Group Hires Markham as Chief Strategy Officer
May 12 2020 // The IMA Group has hired Doug Markham, a healthcare and managed care industry veteran with more than 25 years of experience, as chief strategy officer. Markham has a background in healthcare, insurance, claims and managed...
Hub Northeast Acquires Assets of New York’s The B&G Group
May 11 2020 // Hub International Limited, a global insurance brokerage, has announced that its affiliate, Hub International Northeast Limited, acquired the assets of The B&G Group Inc. Terms of the transaction were not...
New York Strengthens COVID-19 Safety Measures for Nursing Homes
May 10 2020 // New York state on Sunday announced new coronavirus-safety measures to better protect nursing home residents, who are highly vulnerable to the respiratory illness and account for a large share of the nearly 80,000 Americans...
COVID-19 Hits Already-Troubled Nursing Home Insurance Market; Brokers Try to Help
May 10 2020 // Nursing homes are right in the middle of the deadly coronavirus pandemic hitting the U.S, with more than 28%, or nearly 20,000, of the nation’s COVID-19 deaths happening in these long term care facilities, according...
As Deaths Rise to 20,000, Nursing Homes Seek Immunity from Lawsuits
May 10 2020 // Faced with 20,000 coronavirus deaths and counting, the nation’s nursing homes are pushing back against a potential flood of lawsuits with a sweeping lobbying effort to get states to grant them emergency protection...
Michigan’s High Street Insurance Partners Acquires Three New Agencies
May 8 2020 // Traverse City, Michigan-based High Street Insurance Partners (High Street), has acquired three additional agencies — two in Michigan and one in New York. These new agency partners are: Trust Shield Insurance Group (TSIG)...
Young Brokerage Founder Seeks to Target ‘Underserved’ High Net Worth Space
May 8 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...
New York’s Preferred Mutual Insurance Company Appoints Two to Board of Directors
May 7 2020 // Preferred Mutual Insurance Company has appointed two new members to the company’s board of directors. Joining the board are Heidi Hoeller, retired partner at PricewaterhouseCoopers (PwC), and Dr. Michael Hayduk,...
Governor Cuomo Announces Phased Reopening Plan for New York Businesses
May 5 2020 // New York Governor Andrew Cuomo has announced a reopening plan for New York businesses that includes four phases, each allowing businesses in select industries to open their doors. Businesses that are considered more...
Insurers’ Loss Estimates Linked to Coronavirus Range Widely: Analysis
May 5 2020 // Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment...
Declarations
May 4 2020 // Committed to Transparency “DFS is committed to ensuring that the New York insurance market is transparent and that consumers receive the disclosures they need to make the best purchasing decisions for...
Updated: Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis
May 1 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most...
States Under Pressure to Lift Coronavirus Restrictions as Unemployment Grows
May 1 2020 // As White House economic reopening guidance expired on Thursday after two weeks in place, half of all U.S. states forged ahead with easing restrictions on restaurants, retail and other businesses in hopes of reviving...
CFC Appoints Groeber as Executive Vice President in New York
Apr 30 2020 // CFC, a specialist insurance provider in emerging risk, has appointed Shannon Groeber to the newly created role of executive vice president. Working from CFC’s office in New York, Groeber will be responsible for...
NYC Comptroller Urges Major Insurance Companies to Cut Ties with Coal Industry
Apr 30 2020 // New York City Comptroller Scott M. Stringer has called on three multi-national insurance companies to end business ties with the coal industry, a move he says will protect clients from the effects of climate change and...
Court Nixes $64M Award Against Fireman’s Fund in Reinsurance Spat with Utica Mutual
Apr 30 2020 // A federal appellate court on Tuesday overturned a jury’s award of $64 million against Fireman’s Fund Insurance Co. for allegedly breaching the terms of a reinsurance agreement. The 2nd Circuit Court of Appeals...
