Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
GM Settles Bellwether Ignition Switch Cases Before Trial
Sep 7 2016 // General Motors Co. settled the final two bellwether cases over ignition switch flaws scheduled for trial in federal court in New York, averting one set to begin next week. Terms of the settlements are confidential,...
New York’s Integro Insurance Brokers Acquires Insurance Revolution
Sep 7 2016 // Integro Insurance Brokers, a New York headquartered international broker and risk management firm, has acquired Insurance Revolution Inc., a Princeton, N.J., based risk management firm. Insurance Revolution Inc. is the...
Allied World Re’s Bender Throws First Pitch at Boston Red Sox vs. New York Yankees Game
Sep 6 2016 // John Bender, the New York-based CEO of global reinsurance solutions provider Allied World Re, threw out the ceremonial first pitch at the Boston Red Sox vs. New York Yankees game on August 10. Bender is the founder and...
Northeast Coast Spared Hermine’s Worst
Sep 5 2016 // Atlantic storm Hermine drifted north on Monday off the U.S. East Coast, still packing near-hurricane strength winds but far enough from land to spare the Middle Atlantic states. Forecasters warned swimmers and boaters...
Banks Hike Caps on Directors’ Pay Hoping to Fend Off Lawsuits
Sep 2 2016 // Over the past two years, a growing number of U.S. banks has capped their directors’ earnings, but the ceilings are so high that they primarily serve to fend off potential shareholder litigation rather than control...
Northeast Could See Impact of Tropical Storm Hermine After Months of Drought
Sep 1 2016 // Over the past several months, the Northeastern U.S. has experienced abnormally dry conditions leading to a drought that could last into the fall. Now, it is facing a different problem with the looming risk of heavy rain...
Fire Safety Inspections to Take Place on New York College Campuses Ahead of Fall Classes
Sep 1 2016 // State officials in New York are marking the start of fall college classes with a series of campus fire safety inspections. Gov. Andrew Cuomo’s office said Friday personnel from the Division of Homeland Security and...
New York State Court Rules Strip Club Owes Unemployment Insurance to Dancers
Sep 1 2016 // A midlevel state court has ruled that a suburban Syracuse, N.Y., strip club’s dancers are employees, and the company owes unemployment insurance payments on their behalf. The four Appellate Division justices have...
California Based EPIC Insurance Brokers Hires Caracciolo and Klaschka in New York
Sep 1 2016 // EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant based in San Francisco, Calif., has hired two managing principals from Integro Insurance Brokers...
New York Set to Expand Medical Marijuana Program
Sep 1 2016 // New York state will loosen rules on marijuana prescribing, allow home delivery of the drug and take other steps to expand its medical cannabis program, health officials announced on Tuesday. The announcement follows a...
Amtrak Wins Partial Appeal to Recoup Insurance for Sandy Repairs
Aug 31 2016 // Amtrak secured a partial U.S. appellate court win on Wednesday in its efforts to recoup insurance coverage after the railroad service sustained more than $1 billion in losses during Superstorm Sandy in 2012. The 2nd U.S....
Sompo Canopius Launches U.S. Ocean Marine Unit; Hires XL Catlin’s Ellis to Head
Aug 31 2016 // Sompo Canopius AG is diving into the U.S. ocean marine business. The global specialty insurer and reinsurer, which is wholly-owned by Sompo Japan Nipponkoa Insurance Inc., calls this a “significant expansion”...
Hospital Surgery Rates for Workers’ Compensation Vary Widely
Aug 30 2016 // Hospital rates for outpatient surgery paid by workers’ compensation vary significantly across states with states with fixed fee schedules having lower surgery costs for injured workers. Workers compensation costs for...
Governor Cuomo Reviewing Bill to Establish Fines for New York Airbnb Users
Aug 30 2016 // New York Gov. Andrew Cuomo must soon decide whether to authorize hefty fines for many people who offer to rent out their New York City apartments on Airbnb. Meanwhile, the online booking service said it’s policing...
Judge Grants Uber’s Request to Put New York Price Fixing, Arbitration Lawsuit on Hold
Aug 29 2016 // A federal judge on Friday granted a request by Uber Technologies Inc. and its chief executive officer to put a passenger’s price-fixing lawsuit against them on hold, while they appeal his refusal to let them...
New York’s Crystal & Co. Hires Ackley as Client Consultant
Aug 26 2016 // Crystal & Co., a New York based strategic risk and insurance advisor, has hired Jenifer Ackley as a director responsible for addressing clients’ risk management, insurance brokerage and employee benefits...
Starr Companies Expands with Nashville, Pittsburgh Offices, Leaders
Aug 25 2016 // Starr Companies, a New York based global insurance and financial services organization, is continuing to expand its field operations throughout the U.S. with the addition of new offices and leadership. Most recently, the...
A.M. Best Revises Outlook to Negative for New York-Based Lancer Insurance
Aug 22 2016 // A.M. Best has revised its outlook from stable to negative for New York-based Lancer Insurance Co. and Lancer Indemnity Co. The move comes as Lancer Insurance’s underwriting performance declined in the past several...
New York’s Columbia University Faces $100M Lawsuit for Mismanaging Retirement Plan
Aug 18 2016 // Columbia University was accused on Tuesday of mismanaging its retirement plan in a federal civil lawsuit that alleges $100 million in damages. The suit is the latest to target a major university’s retirement plan...
New York Judge: Hedge Fund Head’s $100M Defamation Claim Better Suited for Bahamas
Aug 17 2016 // A New York state judge on Wednesday threw out billionaire hedge fund manager Louis Bacon’s $100 million defamation lawsuit against Canadian fashion designer Peter Nygard, saying the case tied to their long-running...
