Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
Greenberg Facing Trial in New York AG’s Case Tied to AIG Reinsurance Deal
Jun 2 2016 // Former American International Group CEO Maurice “Hank” Greenberg must stand trial over alleged sham transactions, New York’s top court ruled on Thursday, as the long-time financial industry titan failed...
Anbang Withdraws Application for New York Review of FGL Deal
Jun 1 2016 // Anbang Insurance Group Co. withdrew its application to the New York Department of Financial Services to acquire Fidelity & Guaranty Life and plans to refile “in the near future,” according to a regulatory...
Atlantic, Gulf States, Metro Areas Ranked by Homes Exposed to Storm Surge: CoreLogic
Jun 1 2016 // More than 6.8 million homes on the Atlantic and Gulf coasts are in danger of hurricane storm surge damage. The total cost for reconstruction of the homes located in 19 states and the District of Columbia is more than $1.5...
NYC Plans to Issue Salt-Warning Fines as Lawsuit Continues
May 31 2016 // New York City plans to start enforcing a first-of-its-kind requirement for chain restaurants to use icons to warn patrons of salty foods after getting an appeals court’s go-ahead on May 26 to start issuing fines. But...
New York Police to Step Up Enforcement Over Memorial Day Weekend
May 27 2016 // The New York State Police and local law enforcement statewide will be stepping up patrols to combat drunk and impaired driving this Memorial Day weekend, New York Gov. Andrew Cuomo announced. Memorial Day is one of the...
New York Bill Aims to Expand Contraception Insurance Coverage
May 27 2016 // Advocates, lawmakers, and physicians are calling for the passage of a bill that would provide insurance coverage for all FDA approved contraceptive drugs and products in New York. The Comprehensive Contraception Coverage...
PIANY’s Priority Legislation Introduced to Address CE Requirements
May 27 2016 // The Professional Insurance Agents of New York State Inc. (PIANY) said New York State Assembly has introduced a PIANY-drafted bill (A.10378) that would eliminate the need for agents and brokers to take duplicate...
XL Catlin, A.J. Gallagher to Offer ‘Lifestyle’ Coverage for Art Collectors in New York
May 25 2016 // XL Catlin and A.J. Gallagher have formed an exclusive underwriting agreement to offer a lifestyle insurance program for young and new art collectors in New York City. The policy, known as “Five for Five”,...
FEMA Vows Changes to Flood Insurance Claims Appeals
May 25 2016 // After learning some hard lessons from Superstorm Sandy, the Federal Emergency Management Agency says it is reforming the way it handles appeals from disgruntled policyholders in the National Flood Insurance Program. The...
