Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Board Proposes 11.7% Decrease in Workers’ Comp Rates
May 30 2018 // The New York Compensation Insurance Rating Board (NYCIRB), a non-governmental rate service organization, has proposed an 11.7% decrease in the overall loss cost level in New York State. The change was proposed in its 2018...
How Airlines Handle Medical Emergencies While in Flight
May 30 2018 // In May 2016, Lewis Christman was flying from Chicago to Rome when he suffered a bout of acute pancreatitis. He curled into a fetal position on the floor. He spent the next seven hours in agony while the plane flew on. The...
Alliant Hires Charles as Senior Vice President in New York
May 24 2018 // Alliant has hired New York-based sports and entertainment insurance specialist Joe Charles as senior vice president. In his new role, he will work to grow the firm’s presence within the entertainment, sports and...
Report Says Record Number of Data Breach Notices Filed in New York in 2017
May 23 2018 // The New York Attorney General’s Office (NYAG) this year released a report outlining a record number of data breach notices filed with the office in 2017 – the highest since NYAG started receiving data breach...
The Hilb Group Acquires New York’s Bentson Insurance Group
May 22 2018 // The Hilb Group LLC (THG) has acquired New York–based Bentson Insurance Group. The transaction became effective May 1, 2018. Founded in 1948, Bentson Insurance Group is a full-service property and casualty insurance...
Investigators Probe Cause of New Jersey School Bus Crash That Killed Two
May 21 2018 // First, a scraping sound. Then, chaos and panic as a bus taking a group of fifth-graders on a field trip collided with a dump truck and toppled over on a busy highway, killing a student and a teacher and injuring dozens of...
Big Batteries Could Pose Big Fire Risk for Cities
May 21 2018 // The new era of big batteries has already drawn scrutiny after fiery electric-car crashes across America and Europe. Now, U.S. city planners are worried about the same risk of hard-to-control blazes as these power-storage...
Declarations
May 21 2018 // Insurance Commissioner Obscurity “Without being too cynical, voters aren’t going to hear much about this office. I’m not sure a lot of people know what the insurance commissioner does.” —...
N.Y. Updates Insurance Company Disaster Response, Recovery Plan Requirements
May 21 2018 // The New York Department of Financial Services (DFS) has issued updated disaster response and recovery plan requirements for all insurance companies licensed to conduct business in New York state. It issued these updated...
Age of Insurtechs Poses Unique Challenges for Surplus Lines Insurance Industry
May 17 2018 // Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen “insurtech” blossom from a term to describe the intersection...
Cleanup Underway After Powerful Storms Pound Northeast
May 17 2018 // Residents in the Northeast cleaned up Wednesday, a day after powerful storms pounded the region with torrential rain and marble-sized hail, leaving at least three people dead and more 200,000 homes and businesses without...
The Evans Agency Acquires New York’s Richardson & Stout Insurance
May 16 2018 // The Evans Agency LLC, a wholly owned insurance subsidiary of community financial services company Evans Bancorp Inc., has acquired the business of Richardson & Stout Insurance (R&S) of Wellsville, N.Y. The...
EPIC Hires Montelione to Financial Risk Practice in New York
May 16 2018 // EPIC Insurance Brokers and Consultants, a retail property and casualty and employee benefits insurance brokerage and consulting firm, has hired Diane Montelione as a senior vice president in its Financial Risk...
SafeWaters Underwriting Managers Appoints N.Y.-Based Kempf as VP and Head of Cargo
May 15 2018 // SafeWaters Underwriting Managers (SafeWaters) has appointed Kevin Kempf as vice president and head of cargo in the U.S. Kempf is based in Melville, N.Y. He joined SafeWaters on April 1, 2018, and brings knowledge of cargo...
NRA Sues New York, Alleging First Amendment Violations in Insurance Crackdown
May 11 2018 // The National Rifle Association (NRA) has filed a lawsuit against New York’s insurance regulator and Governor Andrew Cuomo, alleging a regulatory overreach by New York officials that has resulted in violations of the...
Arrest Warrants Issued for New York Financiers Over Failed Oklahoma Insurer
May 10 2018 // Arrest warrants have been issued for two New York financiers after prosecutors filed charges in Oklahoma state court relating to the purchase and handling of a now-defunct Oklahoma insurance company that the pair once...
Allianz Expanding Climate Strategy, Doesn’t Want to Insure Coal Operations
May 10 2018 // The Allianz Group “is significantly expanding its climate strategy.” The German insurance giant recently announced a commitment to support the change to a low-carbon economy over the coming decades, and is...
Lloyd’s Ends Ties with NRA Insurance Programs
May 10 2018 // Lloyd’s of London has directed its underwriters to terminate any insurance programs they have with the National Rifle Association (NRA) and to not enter into any new ones. “The Lloyd’s Corporation has...
Oil Companies Ask Judge to Kill NYC’s Global Warming Lawsuit
May 9 2018 // Five of the world’s biggest oil companies asked a judge to throw out New York City’s lawsuit seeking to hold them responsible for costs related to the environmental changes caused by their products. BP Plc,...
USI Closes Acquisition of New York’s Key Insurance & Benefits Services
May 9 2018 // USI Insurance Services (USI) announced the closing of its acquisition of Key Insurance & Benefits Services Inc., formerly part of KeyBank. Terms of the transaction were not disclosed. USI is a Valhalla,...
