Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Business Moves
Mar 19 2018 // Hub, Der Manouel Hub International Ltd. has acquired the assets of Fresno, Calif.-based Der Manouel Insurance & Financial Services Inc. Terms of the deal were not disclosed. DMIG’s leadership team and staff will...
Pilot Reported Engine Failure as Helicopter Crashed in New York City
Mar 16 2018 // A Texas firefighter, an Argentine woman and a video journalist were among five passengers killed when a helicopter plunged into New York City’s East River, with the pilot reporting the engine had...
Starr Companies Named Commercial Insurance Company of the New York Yankees
Mar 15 2018 // Starr Companies, a global insurance and investment organization, has entered into a multi-year sponsorship agreement with the New York Yankees of Major League Baseball. This sponsorship names Starr Companies as the...
PIA Management Services Hires Csizmadia and Lillie in New York
Mar 15 2018 // PIA Management Services Inc. has hired Kimberly Csizmadia of Cohoes, N.Y., and Ashley Lillie of Canaan, N.Y. Csizmadia works in the PIA Industry Resource Center, and Lillie works in the Member Services Department. As the...
Fatal Copter Tour Flew Under Looser Rules of Crop-Dusters
Mar 15 2018 // The open-door helicopter tour in which five people died in a crash landing in the East River off Manhattan on Sunday was operating under safety restrictions reserved for photography flights that are looser than those for...
GEICO to Comply with New York Reg Banning Discriminatory Auto Insurance Rates
Mar 14 2018 // A third major automobile insurance company in the New York market has reached agreement with the New York Department of Financial Services (DFS) in compliance with the department’s final regulation prohibiting...
Flaws in AMD Chips Make Them Vulnerable to Hacks: Israeli Cyber Security Firm
Mar 14 2018 // An Israeli cyber security research firm with six employees on Tuesday said it had found flaws in Advanced Micro Devices microprocessors that made them vulnerable to hacks. AMD said it was investigating the claims, which...
New York Life Sues North Carolina Woman For Insurance Fraud
Mar 14 2018 // An insurance company is suing a North Carolina woman, saying it has paid nearly $390,000 for a chronic disease, only to learn she has been traveling freely. The Charlotte Observer reported Cynthia McCullough told her...
Uber, Lyft and New York Loss Transfer
Mar 13 2018 // Ridesharing has officially arrived in New York, and confusion over New York no-fault insurance and PIP Loss Transfer has arrived with it. On June 29, 2017, the New York State Assembly approved and Governor Andrew Cuomo...
SEC Sides with New York Comptroller in Express Scripts Cyber-Risk Spat
Mar 12 2018 // New York State Comptroller Thomas DiNapoli scored a victory against Express Scripts Holding Co. in his push to force increased disclosures of the firm’s efforts to mitigate cyber risks. The prescription-benefits...
Northeast Digging Out from Deep Snow as Power Outages Continue
Mar 9 2018 // The Northeast is digging out from its second powerful nor’easter in less than a week that left behind some areas with more than 2 feet of snow, hundreds of thousands without power, school closures and travel...
Introducing the InsurTech Capitals of the World
Mar 7 2018 // Not so long ago, Hartford, Conn., was widely known as the insurance capital of the world. Today, interest has shifted to technology-led insurance firms, or InsurTechs, raising the question: Where is the InsurTech capital...
Nondrinker Wrongly Charged with DUI Gets Nearly $1M from NYC
Mar 5 2018 // A man who doesn’t drink but was arrested on an impaired driving charge has settled his lawsuit against New York City for nearly $1 million. According to the Daily News, Oliver Wiggins says he was charged in a...
Broker Lockton Joins Chubb, MetLife in Withdrawing from NRA Insurance Programs
Feb 27 2018 // Insurance broker Lockton is ending its participation in an insurance program for members of the National Rifle Association, joining MetLife, United Airlines and other companies that have been canceling their business...
Amtrak: NJ Transit Trains Could Be Banned from New York
Feb 22 2018 // Amtrak could prevent New Jersey Transit trains from entering New York if NJ Transit doesn’t finish installing positive train control. Amtrak President and CEO Richard Anderson told a House subcommittee that Amtrak is...
Risk Strategies Acquires New York City’s Prosurance Redeker Group
Feb 22 2018 // Risk Strategies, a Boston, Mass.-headquartered, privately held national insurance brokerage and risk management firm, has acquired New York City-based Prosurance Redeker Group LTD., a specialty brokerage serving architects...
Everest Specialty Expands Private Company Financial Lines Team
Feb 21 2018 // Everest Insurance has expanded the financial lines division of Everest Specialty Underwriters (ESU ), naming five professionals to its new Private Company/Not-For-Profit unit. The Private/NFP team is targeting small,...
Safeco to Take Up Mapfre’s Tennessee, Kentucky, Indiana Business
Feb 20 2018 // MAPFRE Insurance, which last year decided to exit five states and focus on 11, is turning over its personal lines business in three of the five states it is leaving to Safeco Insurance, a Liberty Mutual unit. MAPFRE has...
New York’s The Iroquois Group Promotes McKay to Regional Vice President
Feb 20 2018 // The Iroquois Group, an Allegany, N.Y.-based service provider for independent property and casualty insurance agencies, has promoted Kevin McKay to regional vice president of its Northeast region. McKay is a Londonderry,...
Brown & Brown Acquires New York’s yourPFO Consulting
Feb 20 2018 // Brown & Brown of New York Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Purchase, N.Y.-based yourPFO Consulting LLC (yourPFO). yourPFO represents many large company...
