Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Area Car Wash Workers Awarded Back Pay
Jun 24 2016 // Eighteen immigrant car wash employees in New York and New Jersey received more than $91,000 each as part of a federal court settlement for unpaid wages, making it the biggest per-worker recovery in the car wash industry,...
Environmentalists Warn of Spill Risk from Increasing Oil Shipments on Hudson River
Jun 21 2016 // The Hudson River may still become a major corridor for the shipment of thick, tar sands oil from Canada despite moves last year by New York officials that many thought stopped those efforts. At issue is a key air permit...
People – East
Jun 20 2016 // Erie Indemnity, the managing company for Erie Insurance, has named Timothy G. NeCastro as Erie Insurance’s president and CEO-designate effective June 1. NeCastro is a 20-year veteran of the company. He will succeed...
New York DFS Signals Business-Friendly Approach
Jun 20 2016 // New York Gov. Andrew Cuomo’s pick to serve as the state’s top financial regulator on June 8 signaled she would take a more business-friendly approach than her predecessor, who was known for his pursuit of big...
AmTrust Acquires Total Program Management in New York
Jun 17 2016 // AmTrust Financial Services Inc. announced that it has acquired Total Program Management LLC in Ronkonkoma, New York, for cash. Terms of the transaction were not disclosed. Founded in 2005, Total Program Management is a...
New York Confirms Vullo as State’s Top Financial Regulator
Jun 16 2016 // The New York State on Wednesday confirmed Governor Andrew Cuomo’s pick to become the state’s top financial regulator. The confirmation vote for Maria Vullo, Cuomo’s nominee for superintendent of the New...
Citigroup Sues AT&T, Says It Owns Trademark to ‘Thank You’
Jun 16 2016 // Citigroup Inc. sued AT&T Inc. on Friday, saying the phone company’s use of “thanks” and “AT&T thanks” in a new customer loyalty program infringed its trademark rights to the phrase...
Ironshore Names Aggarwal, 4 Others from Allied World to Global M&A Insurance Team for Americas
Jun 14 2016 // Ironshore International has announced its global Mergers & Acquisitions unit will establish an office for transactions in the North and Latin American regions. The Americas team will be led by Navine K. Aggarwal,...
N.Y. Gov. Cuomo Calls to Expand Help for Heroin Addiction
Jun 13 2016 // Limited opioid prescriptions, greater funding for addiction treatment and more support for people trying to stay clean: those are some of the proposals for attacking New York’s heroin and opioid problem released by...
N.Y. Court Says BofA, Countrywide Merger Communications Must Be Disclosed
Jun 13 2016 // New York’s highest court ruled on June 9 that Bank of America must disclose to an insurer communications it had with Countrywide Financial six months before the bank bought the mortgage lending company in 2008. The...
CFOs Must View Their Companies ‘Holistically’: Hamilton’s CFO Reiss
Jun 13 2016 // A successful chief financial officer needs to be collegial, cooperative, highly visible and a strategic thinker who has the ability to view corporate risks holistically, according to Jonathan Reiss, CFO of Bermuda-based...
New York Doctor Gets 3 Years for Taking Bribes From Lab Company
Jun 10 2016 // A New York doctor is headed to prison for three years for his role in a long-running bribes-for-test-referrals scheme involving a New Jersey lab company. Federal prosecutors say Bret Ostrager received a 37-month sentence...
N.Y. Financial Regulator Nominee Vullo Signals Business-Friendly Approach
Jun 9 2016 // New York Governor Andrew Cuomo’s pick to become the state’s top financial regulator on Wednesday signaled she would take a more business-friendly approach than her predecessor, who was known for his pursuit of...
New York Lawmakers Push to Extend Deadline for Med-Mal Suits
Jun 6 2016 // Legislation before state lawmakers in New York would significantly change medical malpractice law by allowing patients to sue years after an alleged misdiagnosis or mistreatment. Patients currently must file lawsuits...
Business Moves
Jun 6 2016 // Risk Strategies, John Buttine Risk Strategies Co. has acquired John Buttine Inc., an insurance brokerage in New York City with a specialty focus on media-related businesses and services. Terms of the transaction were...
IIABNY Lauds Committee’s Approval of Workers’ Comp Bill
Jun 6 2016 // The Independent Insurance Agents & Brokers of New York (IIABNY) applauded a New York Senate committee’s action to protect employers from surprise insurance premium hikes in their workers’ compensation...
NYSIF Expands Pay-As-You-Go Payment Service
Jun 6 2016 // The New York State Insurance Fund (NYSIF) announced that it is expanding its pay-as-you-go premium payment plan, NYSIF PAYGO, to include additional payroll service companies. NYSIF is a not-for-profit agency of the State...
NYC Drivers Group Sues Uber Over Independent Contractor Classification
Jun 3 2016 // A group representing 5,000 Uber Technologies Inc drivers in New York City filed a lawsuit on Thursday accusing the ride-share company of depriving drivers of various employment protections by misclassifying them as...
Uber, Cabs Fight Over Upstate New York Market
Jun 2 2016 // A fight over Uber’s plans to expand throughout New York State is escalating as lawmakers enter the final weeks of their 2016 legislative session. The app-based ride-hailing service wants state regulations that would...
Markel Hires Chubb’s Senior Underwriter Lee in New York
Jun 2 2016 // Markel Corporation has hired Howard Lee as senior underwriter in its trade credit and political risk business in the U.S. Lee will be responsible for business development, strategic planning, expanding broker relationships...
