Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Lawsky’s Bank-Busting Reputation Looms Over Pact With Iran
Jul 17 2015 // Benjamin Lawsky’s bank-busting reputation may have earned him his own tribute in this week’s landmark Iran nuclear agreement. Lawsky was the first superintendent of New York’s beefed-up banking and...
Dog Owners Sue Nestle Purina Over Dog Treats They Say Lack Bacon
Jul 17 2015 // Nestle Purina Petcare Co.’s Beggin’ dog treats may fool dogs into thinking they are mostly made of real bacon, but a federal lawsuit claims that humans may be misled too. The proposed class action by Paul...
New York Approves Average 5.9% Increase in Workers’ Comp Loss Costs
Jul 16 2015 // The New York State Department of Financial Services (NYDFS) has approved an average 5.9 percent increase in workers’ compensation loss costs for new and renewal business to become effective on Oct. 1, 2015. The...
Amtrak Settles With Primary Insurers in Sandy Lawsuit
Jul 16 2015 // Amtrak recently reached a settlement with its primary insurers in a lawsuit in which the railroad operator sought to recoup additional proceeds for Superstorm Sandy losses from its insurers, according to court documents....
QBE Selling Lender-Placed Insurance Business for $90M
Jul 16 2015 // QBE Insurance Group Ltd., Australia’s second-largest insurer by market value, agreed to sell its North American mortgage and lender services business to National General Holdings Corp. for $90 million. The...
NYC Taxi Regulator Sides With Uber in Employee vs. Contractor Debate
Jul 14 2015 // New York considers drivers for ride-hailing car services such as Uber freelance workers rather than employees, according to the city’s chief taxi regulator, a policy that supports the company’s business...
NYC Reaches $5.9M Settlement in Eric Garner Chokehold Death Case
Jul 14 2015 // New York City reached a $5.9 million settlement with the family of an unarmed black man who died after being put in a choke-hold by a police officer. Eric Garner’s death in a confrontation over the sale of loose...
JLT Specialty USA Hires Taccetta as Executive VP in New York
Jul 10 2015 // JLT Specialty Insurance Services Inc. (JLT Specialty USA), a U.S. subsidiary of London-based Jardine Lloyd Thompson Group plc., hired Joe Taccetta as executive vice president. Taccetta will be based in New York where he...
New York Police Issued More Than 10K Tickets Over July 4th Weekend
Jul 10 2015 // New York state troopers say they issued more than 10,000 tickets over the July 4th holiday weekend. State police once again this year beefed up enforcement against holiday drivers who were impaired, distracted, speeding or...
N.Y. Court: Insurer’s $5M Flood Sub-Limit Applies to Delay-in-Completion Loss
Jul 9 2015 // The New York Supreme Court’s Appellate Division affirmed that a $5 million flood sub-limit in a builders risk policy that Zurich American Insurance issued to a New York property developer applies to the...
New York Stock Exchange Reopens After Nearly 4-Hour Computer Glitch
Jul 8 2015 // The New York Stock Exchange began reopening its two equity venues that were shut down for hours today by a computer malfunction. Shares started trading on the New York Stock Exchange, the biggest of the company’s...
N.Y. Assembly OKs Bill to Expedite Claims Processes After Disasters
Jul 8 2015 // The New York State Assembly recently approved a bill (A04458) that would require insurers to expedite claims investigation and settlement processes after declared disasters and emergencies. Under the legislation, which...
Updated: New York Stock Exchange Suspends Trading
Jul 8 2015 // The New York Stock Exchange shut down its main market because of a computer malfunction, forcing traders to steer orders elsewhere in the biggest disruption to an American equity venue in almost two years. The suspension,...
FDNY: June 2015 Marks 1st Month in 150 Years With No Fire Deaths in NYC
Jul 8 2015 // The New York City Fire Department (FDNY) announced that the month of June 2015 marked the first month on record in FDNY’s 150-year history without any reported fire-related fatalities in New York City. “This...
Preferred Mutual Hires DiBenedetto as Claims Counsel in New York
Jul 7 2015 // Shelly DiBenedetto Preferred Mutual Insurance Company in New Berlin, New York, hired Shelly DiBenedetto as claims counsel. In her new role, she will be responsible for providing legal advice and guidance to assist the...
N.Y. Legislation Would Mandate Improved Smoke Detectors
Jul 6 2015 // New York lawmakers have passed a bill that would require new smoke detectors contain 10-year non-removable batteries. The bill, which would take effect in 2017, would make it illegal to sell smoke detectors with...
Report Says 6.6M-Plus Atlantic, Gulf Coast Homes at Risk of Storm Surge
Jul 6 2015 // More than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge with a total reconstruction cost value estimated to be nearly $1.5 trillion, according to a recently released report. The...
6.6M Atlantic, Gulf Coast Homes at Risk of Storm Surge
Jul 6 2015 // More than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge with a total reconstruction cost value estimated to be nearly $1.5 trillion, according to an annual report released by...
10 Things to Know About Insuring Taxis & Limos
Jul 6 2015 // Taxi operators are required to have commercial insurance that protects passengers and third parties (i.e., pedestrians and other drivers) in the event of an accident. – National Association of Insurance Commissioners New...
Alliant Insurance Services Acquires Preferred Concepts in New York
Jul 2 2015 // Specialty insurance brokerage Alliant Insurance Services announced today it has expanded its managing general agent (MGA) practice through the acquisition of Preferred Concepts, an insurance program underwriter and...
