Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
InsurTech Startup Launches Lease Guarantee Platform in New York
Oct 12 2016 // TheGuarantors, a New York based insurance tech startup founded in 2014, is seeking to make renting an apartment in New York easier for landlords, brokers and renters through its newly launched tech-enabled lease guarantee...
Study Finds Climate Change Could Lead to More Hurricanes on NYC Coast
Oct 12 2016 // Hurricanes could start flooding New York City’s coastline as often as every 20 years due to the effects of climate change on sea-level rise and hurricane activity, scientists said on Monday. Water could surge some 9...
Dentons Hires Sarchio to Insurance Regulatory Practice in New York and Florida
Oct 11 2016 // Global law firm Dentons has named John J. Sarchio as a partner in its insurance regulatory practice. In this role, he will advise clients on insurance industry mergers, acquisitions and financings, reinsurance...
Startup P2P Insurer Lemonade Reveals How First 48 Hours of Business Went
Oct 10 2016 // Lemonade, the peer-to-peer insurtech startup that launched only a few weeks ago on Sept. 21 selling renters and homeowners insurance in New York, sold 142 policies and generated $14,300 in gross written premium in its...
Safety Violations Found in More Than Half of 240 New York Apartments Inspected
Oct 6 2016 // New York City investigators say public housing maintenance workers ignored safety checks and covered it up. The Department of Investigation said in a report Tuesday that it re-inspected 240 apartments at five developments...
Greenberg Denies Getting Involved in Details of Reinsurance Deals
Oct 6 2016 // Maurice “Hank” Greenberg told a judge that he was just too busy to commit fraud. After 4 1/2 days of intense questioning by a government lawyer, Greenberg finally got to elaborate on his defense to civil fraud...
MetLife Decides to Spinoff U.S. Retail Division
Oct 6 2016 // MetLife Inc. has filed for a spinoff of a U.S. retail unit after considering alternate plans to sell the business or exit through an initial public offering. At least 80.1 percent of the shares in the unit, Brighthouse...
To Minimize Cyber Risk, Organizations Should Focus on Education
Oct 4 2016 // Information security is not an easily digestible topic. The “what” is simple: securing information, but the “how” is where it gets tricky. Cyber criminals are cunning and are constantly coming up...
New York Home Explosion Points to Dangerous Marijuana Growing Methods
Oct 4 2016 // An explosion that destroyed a New York City home and killed a firefighter has drawn attention to marijuana-making methods that are legal in many states – but can also be lethal. A New York fire battalion chief died...
Berkshire’s Applied Underwriters Defends Workers’ Comp Products, Says Brokers Should Not Be at Risk
Oct 3 2016 // Legal and regulatory squabbles in New York, California and other states involving Berkshire Hathaway and its Applied Underwriter affiliates over particular workers’ compensation products should not have any negative...
People – East
Oct 3 2016 // RiskMatch, a Greenwich, Conn., headquartered business intelligence and analytics firm that provides insurance portfolio management and placement support services to insurance brokers and insurers, has hired Michael Golden...
New York Proposes Cybersecurity Regulation for Insurers, Banks
Oct 3 2016 // The New York State Department of Financial Services (DFS) has proposed cybersecurity regulation for financial services companies that aims to protect New York state’s financial services industry from an increasing...
Microbeads: Bad for You, Bad for the Environment
Oct 3 2016 // You wake up in the morning, brush your teeth and wash your face. The toothpaste and face wash go down the drain and you’ll never see it again… right? Wrong! What if I told you some of the ingredients, known as...
Peer-to-Peer Insurance Is Here: Lemonade Opens for Business
Oct 3 2016 // Peer-to-peer insurance startup Lemonade is open for business in New York, nine months after the startup’s debut and initial venture funding announcement. The New York-based company, which its founders promise will...
CNO Financial Ends Ties with Beechwood Re, Sues Over Hedge Fund Exposure
Sep 30 2016 // CNO Financial Group Inc. on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by Beechwood were not compliant...
New Jersey Train Service Suspended as Investigators Seek Cause of Crash
Sep 30 2016 // Thousands who rely on the Hoboken terminal in New Jersey may face longer than usual commutes and heavy crowds on Friday as investigators try to determine why a commuter train crashed into the station, killing a woman and...
Greenberg: Managers’ Concerns Fueled Auto Warranty Reinsurance Deal
Sep 30 2016 // Less than an hour into the third day of testimony in the fraud trial of former American International Group Inc. Chairman Maurice “Hank” Greenberg, the judge took the reins. New York State Supreme Court Justice...
Greenberg Pressed for Details on Auto-Warranty Program in Reinsurance Trial
Sep 29 2016 // A New York state court judge warned Maurice “Hank” Greenberg, the 91-year-old former chairman of American International Group Inc., that his fraud trial might last a year unless he answered questions more...
Facebook Claims ‘Zero Tolerance’ for Terrorist Activity
Sep 28 2016 // Lawyers for Facebook Inc. on Tuesday sought to assure a U.S. judge overseeing lawsuits by victims of militant attacks in the Middle East that it took a “zero tolerance” approach to any communications that may...
Firms Should Look Closely at Data Practices, New York Conference Panelists Say
Sep 28 2016 // Panelists at the 2016 Professional Liability Underwriting Society (PLUS) Cyber Liability Symposium held Tuesday at the Hilton Midtown in New York City urged companies to take a closer look at data aggregation practices as...
