Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Dual Commercial Hires Broomfield for Environmental Program in New York
Nov 5 2015 // Dual Commercial LLC, a specialty program administrator based in Naples, Florida, has hired John Broomfield as senior underwriter for the firm’s the Environmental Division. He is based in New York City. Broomfield has...
N.Y. Inspections Reveal Many Parents Flunk Child Car Seat Safety Checks
Nov 5 2015 // Results from recent child car seat inspections in New York indicate that parents need to do a better job of buckling up their little ones. New York Gov. Andrew Cuomo’s office says 931 car seats were inspected at a...
AIG CEO Hancock Rejects Icahn’s Breakup Plan
Nov 4 2015 // American International Group Inc. Chief Executive Officer Peter Hancock dismissed activist investor Carl Icahn’s proposal to split the company into three insurers, saying a division would limit earnings diversity and...
New York Officials Propose Regulations for Projecting Rises in Sea Level
Nov 3 2015 // New York conservation officials are proposing regulations for establishing official state projections of rising sea levels. The Department of Environmental Conservation says the projections will reflect the best science...
NSM Insurance Group Hires Mogelnicki as Northeast Region Director
Nov 3 2015 // NSM Insurance Group, a program administrator based in Conshohocken, Pennsylvania, has hired Dan Mogelnicki as director of the Northeast region. He is based in New York City. In his role, Mogelnicki will be responsible for...
New York’s Taxi Industry Says Uber Expansion Would Kill Existing Jobs
Nov 3 2015 // New York’s taxi industry says Uber’s proposal to expand outside of the New York City area threatens the jobs of dispatchers and others who work behind the scenes for cab companies around the state. The...
Brownyard Group Promotes Pereira to Lead Foundation Program in New York
Nov 3 2015 // Teri Pereira Brownyard Group, an insurance program administrator based in Bay Shore, New York, has promoted Teri Pereira to account manager of the Foundation program. The Foundation program provides specialized liability...
As Activist Investors Circle, AIG Posts Q3 Loss; Plans to Cut 400 Jobs
Nov 2 2015 // American International Group Inc., the insurer facing pressure from activist shareholder Carl Icahn for a breakup, posted a third-quarter loss as investment results deteriorated. The company plans to cut as many as 400...
Officials Say Shutdown of Health Republic Insurance of N.Y. Should Accelerate
Nov 2 2015 // New York State and federal authorities say the shutdown of Health Republic Insurance of New York should accelerate after they found it is in worse financial shape than they knew when it was ordered to stop writing new...
Superstorm Sandy: Ohio’s 6th Costliest Natural Disaster
Oct 30 2015 // Superstorm Sandy in late October 2013 was Ohio’s sixth costliest natural disaster in recent history from an insured loss standpoint, an insurance trade group says. Moving inland after devastating parts of the East...
N.Y. Sen. Gillibrand Calls for More Transparency in NFIP Claims Process
Oct 28 2015 // U.S. Sen. Kirsten Gillibrand, D-New York, is announcing legislation to require the Federal Emergency Management Agency to be more accountable to property owners who file claims. Gillibrand says many New Yorkers whose homes...
Albanese to Exit as New York’s Financial Regulator Before End of Year
Oct 27 2015 // The acting head of New York’s Department of Financial Services will step down before the end of the year, giving New York Governor Andrew Cuomo a run at reshaping a regulator that has levied billions of dollars of...
N.Y. Gov. Cuomo Calls for Statewide Licensing System for Uber, Lyft
Oct 23 2015 // New York’s governor says he’s in favor of a statewide licensing system for Uber and Lyft as the two app-based car services look to expand throughout the state. Gov. Andrew Cuomo told reporters Wednesday that a...
Uber Pushing to Expand Throughout New York State
Oct 22 2015 // Uber wants to expand throughout New York state into cities like Buffalo, Albany, Syracuse and Rochester where the ride-hailing service is now prohibited from operating. A company executive on Tuesday called on state...
Carwash Owners Sue New York City Over New Surety Bond Rules
Oct 22 2015 // A group of carwash owners have filed a lawsuit against New York City charging a new law illegally favors unionized carwashes. The Association of Car Wash Owners lawsuit centers on rules that require owners of nonunionized...
BHSI Adds New Leadership, Expands Executive, Professional Lines Offerings
Oct 21 2015 // Berkshire Hathaway Specialty Insurance (BHSI) has added new leadership to its Executive & Professional Lines as part of the company’s expansion of its dedicated underwriting capabilities in the U.S. According to...
Kingstone Approved to Write P/C Insurance in Connecticut
Oct 21 2015 // Kingstone Companies Inc., a New York-domiciled multi-line property/casualty insurance holding company, today announced that its subsidiary, Kingstone Insurance Company, was granted approval to write P/C insurance in...
Private Equity Firm Kelso to Acquire Majority Stake in Boston’s Risk Strategies
Oct 20 2015 // Risk Strategies Company, a Boston-Based insurance and benefits brokerage, and Kelso & Company, a New York City-based private equity firm, announced today that they have signed a definitive agreement whereby Kelso will...
Dewey Case Ends with Hung Jury; Top Execs Avoid Jail
Oct 20 2015 // Three former top executives of Dewey & LeBoeuf LLP avoided potential prison terms after a Manhattan jury failed to agree on whether they lied to investors in the run-up to the largest law-firm bankruptcy in...
People – East
Oct 19 2015 // Zurich announced that Paul Horgan, previously head of Group Reinsurance, has been appointed CEO of Zurich’s Global Corporate in North America (GCiNA) business. As CEO, Horgan is now accountable for the direction,...
