Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
GEICO Set to Expand Western New York Operations, Add 600 Jobs
Aug 11 2016 // GEICO is planning to expand its regional operations office in Western N.Y. in a move that it expects will bring more than 600 new jobs to the region, the company announced. The firm is set to open an additional facility in...
A.M. Best Revises Outlook to Negative for New York-Based Lancer Insurance
Aug 11 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...
Firms May Shirk Foreign Verdicts as a Result of Chevron’s Pollution Win
Aug 11 2016 // Chevron wasn’t the only winner in Monday’s ruling by a federal appeals court over its long-running Ecuadorian pollution litigation. The victory, in which the court affirmed that a lawyer for victims engaged in...
New York Woman Faces 5 Years in Prison for Stealing $492K from Employer
Aug 10 2016 // A 61-year-old New York woman has been sentenced to prison time for stealing nearly half a million dollars from her longtime employer. The Erie County District Attorney’s Office said Bernadette Szymanski of...
New York Warns Against Selfies While Driving
Aug 10 2016 // Authorities are warning N.Y. drivers against taking selfies, citing a national review suggesting they are among the most likely to do it. It’s generally illegal except in an emergency to use a handheld mobile device...
AIG CEO Focus on Boosting Returns, Not Too Big to Fail Label
Aug 10 2016 // American International Group Inc. Chief Executive Officer Peter Hancock said he’s more focused on boosting returns than worrying about the government’s classification of his company as too big to fail. Peter...
Kirchhofer Named VP of Fidelis Group Holdings’ Marine Division in New York
Aug 8 2016 // Fidelis Group Holdings LLC (FGH), a maritime insurance provider headquartered in Louisiana, together with its subsidiary, Continental Underwriters Ltd., has hired John Kirchhofer as vice president of its marine...
Business Moves
Aug 8 2016 // World Insurance Associates, AIV Group World Insurance Associates, an independent insurance agency based in Tinton Falls, N.J., has acquired AIV Group, an insurance agency serving the Asian community. AIV Group, in...
People – East
Aug 8 2016 // Vermont Gov. Peter Shumlin has appointed Michael Pieciak as the commissioner of the Department of Financial Regulation (DFR), replacing Susan Donegan. Pieciak was previously deputy commissioner of DFR’s securities...
New York’s Boxing, Martial Arts Rules Include Insurance Limits
Aug 8 2016 // New York will require $1 million coverage for life-threatening brain injuries and other new health insurance for both professional boxers and its first group of licensed mixed martial artists under regulations slated to...
New York Workers’ Compensation Loss Costs Going Up 9.3%
Aug 8 2016 // New York has approved a 9.3 percent average hike in workers’ compensation loss costs effective Oct. 1. New York businesses, while not pleased, see the hike as necessary in order to keep the insurance market stable...
New York Regulator Has ‘Significant Concerns’ About Anthem-Cigna Merger
Aug 4 2016 // New York’s insurance regulator has “significant concerns” about Anthem Inc.’s proposed $48 billion acquisition of rival health insurer Cigna Corp. and will hold a hearing to address them before...
New York City Pays $2.7M in Autistic Teen’s Death
Aug 2 2016 // New York City has agreed to pay $2.7 million to settle a wrongful death lawsuit filed by the mother of a 14-year-old autistic boy who was found dead after leaving his school in Queens. The Daily News reported the...
New York AG Charges Engineering Firm with Doctoring Sandy Claims Reports
Aug 2 2016 // New York authorities charged a Long Island engineering firm and one of its former executives with forging damage reports for homes swamped by Hurricane Sandy, altering the documents in such a way that owners’ flood...
Judge Denies Uber Bid to Enforce Arbitration in Consumer Suit
Aug 1 2016 // Uber Technologies Inc. can’t require a Connecticut customer accusing the company of price-fixing to resolve the fight in arbitration, a federal judge ruled in one of several cases challenging the ride-hailing...
New York, Zipcar Agree on Damage Fees
Jul 29 2016 // New York’s attorney general has reached a settlement with Zipcar Inc. over vehicle damage fees charged to 5,000 members from 2011 through 2015. New York law requires giving consumers an opportunity to dispute damage...
U.S., China Insurance Regulators Keep Open Dialogue
Jul 29 2016 // Regulatory representatives from the U.S. and China met this week to discuss issues facing their respective insurance markets. The meeting was held at the National Association of Insurance Commissioners (NAIC) New York...
2 State AGs Refuse House Republicans’ Subpoenas Over Climate Change
Jul 28 2016 // The New York and Massachusetts attorneys general are refusing to comply with congressional subpoenas seeking records about their investigations into whether Exxon Mobil misled investors about man-made climate change. In an...
Meeting of 2 Minds on Worker Safety as Path to Profit
Jul 28 2016 // Adam Friedlander is a third generation insurance professional who has made his mark in safety, workplace safety that is. His New York agency, Friedlander Group, has for years developed and managed employer safety groups...
New York Targets Dry Cleaning Industry in Probe
Jul 26 2016 // New York state is launching an investigation into the working conditions of employees in the dry cleaning industry. Gov. Andrew Cuomo said the effort will include the study of chemicals commonly used by dry cleaners that...
