Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Goldman Sachs Loses Bid to Limit Class Action Alleging Gender Discrimination
Apr 13 2017 // A federal judge on Wednesday rejected Goldman Sachs Group Inc.’s bid to dismiss two of the four female plaintiffs in a proposed class-action lawsuit accusing the bank of discriminating against women in pay and...
First Steps Under New York’s Cyber Rules: Risk Assessment, Policies, Procedures
Apr 12 2017 // The Cybersecurity Requirements for Financial Services Companies (cyber rules) promulgated by the New York Department of Financial Services went into effect on March 1. Now, insurance companies, agencies, brokerages and...
Zenefits Fined $1.2M for Violations of New York Insurance Law
Apr 12 2017 // The New York State Department of Financial Services (DFS) has fined YourPeople Inc., doing business as Zenefits FTW Insurance Services, $1.2 million for allowing unlicensed employees to sell insurance and failing to...
Costly Business Disruptor: Aging U.S. Infrastructure
Apr 12 2017 // When a train jumped the tracks this past week at New York’s Penn Station, the seemingly minor accident led to a cascade of exasperating delays for hundreds of thousands of commuters. When a flood forced authorities...
New York Begins New Push to Stop Distracted Driving
Apr 10 2017 // New York is launching a statewide campaign against distracted driving as part of April’s National Distracted Driving Awareness Month. Gov. Andrew Cuomo said state and local police will be stepping up patrols and...
New York Sees Its Cyber Rules for Insurers as Model for Other States
Apr 10 2017 // A group of U.S. state insurance regulators should use New York’s sweeping cyber security rules as a model for how insurers must protect their networks from hackers and when they must disclose cyber events, New...
Amtrak Criticized for Derailments, Problems at New York’s Penn Station
Apr 7 2017 // The heads of the two major commuter rail lines that use New York’s Penn Station took turns criticizing Amtrak on Wednesday for two recent derailments that continued to cause headaches for commuters in the...
D&O Liability Insurance Could Feel Effects of New York’s Cyber Regulation
Apr 6 2017 // While the full implications of the New York State Department of Financial Services’ (DFS) cybersecurity regulation, which went into effect March 1, are still being realized by the insurance industry, many are...
17 States Sue to Halt Trump Rollback of Climate Change Regulations
Apr 6 2017 // A coalition of 17 U.S. states filed a legal challenge on Wednesday against efforts by President Donald Trump’s administration to roll back climate change regulations, deepening a political rift over his emerging...
Allstate Joins Firms Pulling Ads from ‘O’Reilly Factor’
Apr 5 2017 // More companies, including carmaker BMW and insurer Allstate, have pulled their advertising from Fox News’ “The O’Reilly Factor” television program days after the New York Times reported Fox and star...
NYC Subway Trash Bin Ban Yields to Better Cleaning Methods
Apr 4 2017 // Faced with too much trash in one of the world’s biggest – and arguably dirtiest – subway systems, New York transit officials tried an unusual social experiment. They removed garbage bins from 39 out of...
Cook Maran Set to Acquire New York Insurer Gundermann
Apr 4 2017 // Cook Maran & Associates (Cook Maran), one of New York and New Jersey’s largest insurance brokers, will acquire Gundermann & Gundermann (Gundermann), a third-generation, family-owned company that’s grown...
U.S. Supreme Court to Hear if Arab Bank Is Financially Liable for Terrorist Attacks
Apr 4 2017 // The U.S. Supreme Court on Monday agreed to consider reviving litigation seeking to hold Arab Bank Plc financially liable for militant attacks in Israel and the Palestinian territories that accused the Jordan-based bank of...
Non-Compete Agreements and Poaching Take Spotlight in Aon – Alliant Lawsuit
Apr 3 2017 // A legal battle between two insurance brokerages over whether a former employee violated noncompete agreements and poached numerous employees is not over yet, but the brokerage bringing the charges has scored key early...
Business Moves
Apr 3 2017 // KKR, Canadian Pension Fund, USI Insurance Services, Carolina First Associates Private equity firm KKR and Canadian pension fund Caisse de depôt et placement du Quebec (CDPQ) have agreed to buy USI Insurance Services from...
New York’s Cybersecurity Rules: Things Insurance Professionals Should Know
Apr 3 2017 // The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies (cyber rules) that went into effect March 1. The cyber rules require insurance and...
Ryan Specialty Group Agrees to Acquire Assets of New York-Based LoVullo
Mar 31 2017 // Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire substantially all of the assets of LoVullo Associates Inc. (LoVullo), a wholesale insurance brokerage and binding authority operation based in...
Marsh & McLennan Promotes Walsh in New York
Mar 31 2017 // Marsh & McLennan Companies Inc. (MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, has appointed Keith Walsh as chief financial officer of the Company’s...
Alliant Handed Victory over Aon in 1 of 3 ‘Poaching’ Suits
Mar 30 2017 // A jury in Fresno, Calif. has ruled against Aon Corp. in yet another poaching lawsuit that involves the U.K. brokerage and rival Alliant Insurance Services. The jury rejected every claim by Aon levied against Newport Beach,...
Exxon Dealt a Blow as Texas Judge Sends Climate Suit to New York
Mar 30 2017 // Exxon Mobil Corp.’s attempt to derail a multistate fraud probe into whether the company fully disclosed to investors the financial risks of climate change was dealt a major blow after a Texas judge moved the case...
