Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
People – East
Aug 7 2017 // Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has hired Kate Genovese and Pauline Sobelman to its employee benefits practice group. Sobelman joins as senior vice...
A.M. Best Revises Outlook to Negative for New York’s Country-Wide
Aug 7 2017 // A.M. Best has revised its outlook to negative from stable for Country-Wide Insurance Company, a family-owned auto insurance company based in New York, N.Y. A.M. Best also affirmed Country-Wide’s Financial Strength...
New York Regulator Subpoenas Wells Fargo Over Unwanted Auto Insurance
Aug 3 2017 // New York state’s banking and insurance regulator issued subpoenas on Tuesday to two Wells Fargo & Co units after the bank said it had sold auto insurance to hundreds of thousands of customers who did not need...
Lemonade Launches in New Jersey, Marks Fourth State in National Expansion
Aug 2 2017 // Lemonade, the insurance company powered by artificial intelligence and behavioral economics, is now available throughout New Jersey, marking the fourth state in its nationwide expansion strategy. Residents of New Jersey...
New York’s Waldorf Owner Pressured to Sell as China Clampdown Escalates
Aug 1 2017 // When Anbang Insurance Group Co. agreed to buy New York’s iconic Waldorf Astoria hotel for $1.95 billion in 2014, the world took notice. It was a defining moment in the global rise of China Inc., a deal that would...
Quick Selldown of Anbang’s Overseas Assets May Prove Difficult
Aug 1 2017 // As Anbang Insurance Group Co. comes under pressure to reverse a $10 billion-plus global deal spree, a quick selldown of assets may not be so easy. China is said to have asked the acquisitive insurer to sell its overseas...
Vullo Calls on Insurers, Congress for Action in Wake of Lake Ontario Flooding
Jul 28 2017 // As part of New York’s continuing response to flooding in the Lake Ontario region, the New York State Department of Financial Services (DFS) is reminding property and casualty insurers of their responsibility to work...
New York State Set to Study Technology, Privacy of ‘Textalyzer’
Jul 27 2017 // New York state is set to study the use of a device known as the “textalyzer” that would allow police to determine whether a motorist involved in a serious crash was texting while driving. Democratic Gov. Andrew...
NTSB Releases Results of Investigation Into 2015 New York Train Crash
Jul 27 2017 // Federal safety investigators said Tuesday they can’t determine why an SUV ended up in the path of an oncoming commuter train, causing a crash that killed six people at a rail crossing in suburban New York in...
U.S. Safety Board to Detail Findings of Deadly New York Train Crash
Jul 26 2017 // The National Transportation Safety Board was scheduled to meet and detail a probe into a 2015 crash between a commuter train and an SUV that killed six people in the New York suburbs, a day after a U.S. official told The...
Woman Accused in Fiance’s River Kayaking Death in New York Pleads Guilty
Jul 26 2017 // A woman who was accused of intentionally drowning her fiance in the Hudson River by tampering with his kayak as part of a murderous plot to collect on his life insurance pleaded guilty on Monday to a lesser charge that...
New York Rail Design Cited for Boosting Death Toll in 2015 Crash
Jul 25 2017 // The design of the New York region’s Metro-North Railroad power supply is among the reasons a 2015 accident between a train and a vehicle was so deadly, U.S. investigators are poised to conclude. The National...
New York Launches Online Re-Licensing for Insurance Agents and Brokers
Jul 24 2017 // The New York State Department of Financial Services (DFS) has launched an online application to speed up the re-licensing process for agents and brokers whose original licenses have been expired more than two years. The...
Driverless Car Technology and Its Impact in New York
Jul 24 2017 // New York Governor Andrew Cuomo in May signed a budget bill into law allowing self-driving and self-parking cars to be tested for one year on New York public highways. Prior to this law going into effect, the technology was...
Business Moves
Jul 24 2017 // EPIC Insurance Brokers and Consultants, After Inc. EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has acquired After Inc., a product warranty...
New York State Rejects City’s Request for Funds for Big Fire Costs
Jul 21 2017 // A western New York city won’t be getting state aid to cover the costs linked to a massive fire at a former steel plant last fall. The blaze started Nov. 9 in a large building on the Bethlehem Steel site in...
Markel Hires Ferguson to New York-Based U.S. Excess Casualty Team
Jul 21 2017 // Markel Global Insurance, a division of Markel Corporation, has hired John Ferguson as a director of its New York-based U.S. Excess Casualty team. In his new role, Ferguson serves as the retail construction practice lead...
New York Capital City Fire Damages Homes, Residents Flee
Jul 19 2017 // A fire in New York’s capital city heavily damaged five 19th century buildings and forced more than a dozen people from their homes, officials said Tuesday. Albany fire officials said the blaze started around 9 p.m....
Blaze Destroys Popular Restaurant in New York’s Finger Lakes Region
Jul 18 2017 // Fire investigators are trying to find the cause of a blaze that has destroyed a popular restaurant in New York’s Finger Lakes region. Fire officials in the city of Canandaigua say crews were alerted around 5:30 a.m....
California Governor Teaming with N.Y. Mayor to Track Climate Progress
Jul 14 2017 // California Gov. Jerry Brown announced yet another plan Wednesday to keep the United States on track to reduce greenhouse gas emissions under the international Paris climate agreement. This time, he’s teaming up with...
