Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Major League Baseball Finally Does the Right Thing: Viewpoint
Feb 2 2018 // On Wednesday, during Major League Baseball’s quarterly owners meetings, the Tampa Bay Rays and the Arizona Diamondbacks announced that they would be adding protective netting in front of the seats along first and...
The New York DFS Wants Certificates of Compliance for Valentine’s Day
Jan 31 2018 // What were you planning to give the New York Department of Financial Services for Valentine’s Day? Hopefully, a certificate of compliance. It is hard to believe that almost a year has passed since the NYDFS...
China Seeks to Broker Sale of a Stake in Anbang Insurance: Sources
Jan 30 2018 // China’s government, which has been probing alleged financial wrongdoing at Anbang Insurance Group Co., is seeking to broker the sale of a stake in the insurer, people with knowledge of the matter said. Central Huijin...
AXA Insurance Chief Warns of ‘Uninsurable Basements’ from New York to Mumbai
Jan 26 2018 // Private property below ground in New York and Mumbai may not be insurable in the next decade if climate change advances, the head of one of Europe’s largest insurers said. “If you go much further to 2020, 2030,...
Ryan Specialty Group to Acquire New York’s Irwin Siegel Agency
Jan 24 2018 // Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of the Irwin Siegel Agency Inc. (ISA). Terms of the agreement were not disclosed. ISA is a human and social service managing...
New York City Sues Drug Companies Over Opioid Epidemic
Jan 24 2018 // New York City on Tuesday sued eight companies that make or distribute prescription opioids, blaming them for fueling a deadly epidemic afflicting the most populous U.S. city. Mayor Bill de Blasio said the lawsuit sought...
Express Scripts Fight Over Cyber Disclosure Reaches SEC
Jan 24 2018 // The U.S. Securities and Exchange Commission will review a dispute between Express Scripts Holding Co. and New York State Comptroller Thomas DiNapoli over his effort to force the prescription-benefits manager to increase...
Two More Counties Added to New York’s Lake Flooding Disaster Declaration
Jan 23 2018 // New York officials say two more counties that sustained extensive shoreline damage from Lake Ontario flooding last year are now eligible for federal recovery aid. Gov. Andrew Cuomo and U.S. Sens. Chuck Schumer and Kirsten...
Filing Deadline Approaching for New York’s Cybersecurity Regulation
Jan 23 2018 // New York Department of Financial Services Superintendent Maria T. Vullo has reminded all regulated entities and licensed persons covered by the Department of Financial Services’s (DFS) cybersecurity regulation that...
New York State Employers Must Comply With New Paid Family Leave Law
Jan 22 2018 // By Bennett Pine New York Governor Andrew Cuomo has signed into law a phased-in system of paid family leave that became effective on Jan. 1, 2018, for New York employers. On the state level, New York becomes the fifth state...
NYC Halts $9.6M Incentive Package to Move Aetna to City
Jan 12 2018 // New York City is halting a $9.6 million incentive package offered to Aetna to move its headquarters to the city. The insurance giant announced in June that it would move its headquarters to New York City beginning in late...
New York Sues Fossil Fuel Majors, Plans Divestment from Pension Funds
Jan 11 2018 // New York City announced on Wednesday that it filed a multibillion dollar lawsuit against five top oil companies, citing their “contributions to global warming,” as it said it would divest fossil fuel...
Billionaire Rennert Files Malpractice Lawsuit Over $213M Judgment
Jan 10 2018 // Billionaire Ira Rennert has filed a $214 million malpractice lawsuit against his former law firm, after a jury found him liable for looting his magnesium company to build a huge mansion in New York’s Hamptons. Renco...
Uber Settles New York Drivers’ Class Action Over Fees for $3 Million
Jan 10 2018 // Uber Technologies Inc. agreed to pay up to $3 million to settle a proposed class-action lawsuit brought on behalf of 2,421 drivers in New York who accused the ride-sharing company of docking excessive fees from their...
New Jersey-Based Clermont Specialty Managers Rebrands as Berkley Luxury Group
Jan 9 2018 // Clermont Specialty Managers, a Berkley Company, is expanding its service offerings nationwide and rebranding as Berkley Luxury Group with two divisions, Berkley Luxury Real Estate Specialists and Berkley Fine Dining...
Officials: Water Pipe Break at New York’s JFK Airport Weather-Related
Jan 9 2018 // A water pipe break in one of the terminals at New York’s Kennedy Airport on Sunday added to the delays at the beleaguered airport trying to recover from the aftermath of a snowstorm that has stranded thousands of...
Blackstone Aims to Grow Insurance Asset Management to $100 Billion
Jan 9 2018 // Blackstone Group wants to quadruple to $100 billion the assets it manages at its new unit for insurers as it seeks to boost returns for firms struggling under low interest rates, the unit’s newly appointed chief said...
2018 Insurance Industry Meetings & Events Directory
Jan 8 2018 // CIWA Industry Days Jan 8-10 Hilton La Jolla Torrey Pines La Jolla, Calif. California Insurance Wholesalers Association (CIWA) Contact: Thomas Shovlin, thomas@ciwa.net The 19th Annual Windstorm Insurance Conference Jan...
Business Moves
Jan 8 2018 // Cook Maran & Associates, McDermott & Thomas Associates Cook Maran & Associates has acquired McDermott & Thomas Associates LLC (M&T). Cook Maran is a New York and New Jersey insurance broker, and the New...
New Law Requires Notice of Workers’ Comp Premium Hikes in New York
Jan 8 2018 // New York Governor Andrew M. Cuomo has signed Assembly Bill No. 1620 into law, requiring insurance companies to notify employers in advance of some workers’ compensation insurance premium increases. The law was...
