Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Farmers Insurance Opens Its 1st Territory Office in Connecticut
Sep 25 2015 // Farmers Insurance, which began providing insurance and financial services to Connecticut consumers on Jan. 1, 2015, announced the opening of the company’s first territory office in the state. The new office, located...
Vanner Insurance Agency Acquires Edmund D. Stevens in New York
Sep 23 2015 // Vanner Insurance Agency, an independent agency based in Amherst, New York, announced that it recently boosted its marine insurance business by acquiring Buffalo, New York-based agency Edmund D. Stevens Inc. and its marine...
Brit Announces Investment in New York-Based Ambridge Partners
Sep 23 2015 // Brit Limited, a global specialty insurer and reinsurer based in London, announce that it has made a significant strategic investment in Ambridge Partners LLC, a New York-based managing general underwriter of transactional...
Worldwide Facilities, LLC Appoints New Vice President & New York Casualty Practice Leader
Sep 23 2015 // Leading Wholesale Insurance Brokerage Expands Resources in New York Office New York, NY, September 22, 2015 — Worldwide Facilities, LLC is pleased to announce that Bill Craane has joined the company’s New York City...
Taxi Owners’ Credit Union, Hurt by Uber, Seized by New York Regulator
Sep 21 2015 // Montauk Credit Union, a large provider of loans to taxi medallion owners, was seized on Friday by New York State’s top financial regulator. The New York State Department of Financial Services said the seizure was...
New York Fears Audit of Insurer in Albany Probe Could Trigger Insolvency, Rate Hikes
Sep 21 2015 // New York doctors, some of whom already pay 10 times more for malpractice insurance than physicians in San Francisco, may see their rates soar thanks to a state audit beginning this month. Physicians’ Reciprocal...
People – East
Sep 21 2015 // Holborn, an independent reinsurance broker based in New York, hired Roderick P. Thaler as executive vice president. In this role, Thaler will serve as a member of Holborn’s Franchise Operating Committee and will be...
New York Health Insurer’s Data Breach Puts 10M Records at Risk
Sep 21 2015 // Upstate New York health insurer Excellus BlueCross BlueShield said on Sept. 10 that its computer systems and those at affiliates had been breached, exposing data from more than 10 million members, in the latest case to...
Will Uber Employee Status Ruling in California Impact Its Business Model?
Sep 21 2015 // A California Labor Commission ruling in June that an Uber driver is an employee and not a contractor opens the door to more scrutiny over the rideshare giant’s business model, but that was just the proverbial tip of...
Court Gives WTC Developer Chance to Recoup More Money for Rebuilding
Sep 18 2015 // A federal appeals court has given the developer Larry Silverstein a new chance to recoup more money for rebuilding the World Trade Center site in New York, on top of the $4.1 billion of insurance proceeds he has...
New York to Receive Up to $20M to Develop Connected Vehicle Technologies
Sep 18 2015 // New York City will be the main testing ground for a smart device installed in vehicles to warn motorists of impending dangers and congestion, the U.S. secretary of transportation announced on Sept. 14. Secretary Anthony...
Beecher Carlson Hires Ross as Casualty Client Executive in New York
Sep 16 2015 // Beecher Carlson Insurance Services LLC, a specialized large account insurance broker and a wholly-owned subsidiary of Brown & Brown Inc., hired Jason Ross as casualty client executive, Northeast Casualty...
XL Catlin Specialty Names Product Line Leaders for Americas
Sep 16 2015 // XL Catlin’s Specialty Insurance division has appointed leaders for its regional insurance products in its newly-created Americas region. The company named product leaders for accident and health, aviation, crisis...
New York AG Urges Tech Firms to Act Responsibly as Business Models Evolve
Sep 16 2015 // New York State’s top lawyer told technology-firm executives he will “bring the full force” of his office against companies that mistreat their workers or cheat consumers. Speaking to entrepreneurs and...
Holborn Hires Strauss as Senior VP in New York
Sep 14 2015 // Holborn, an independent reinsurance broker based in New York, hired Frederick M. Strauss as senior vice president. In this role, Strauss will be responsible for spearheading Holborn’s nationwide new business...
NYC Credit Unions Face Risks From Taxi Industry Woes
Sep 11 2015 // New York credit unions that have run up large exposures to the city’s iconic yellow cabs are facing a sharp increase in loan losses after a judge threw out a legal challenge to ride-hailing service Uber Technologies...
AIG Loses Appeal Over Foreign Tax Credits
Sep 11 2015 // A U.S. appeals court on Wednesday rejected efforts by American International Group Inc. and Bank of New York Mellon Corp. to recoup hundreds of millions of dollars of foreign tax credits that the Internal Revenue Service...
Third Point Re: ‘It’s Tough Out There’ with Ongoing Influx of Capital Market Capacity
Sep 11 2015 // Executives at Dan Loeb’s reinsurer, which is headed for its second-straight annual decline in New York trading, told investors not to count on a quick rebound in the industry as competition...
China’s Fosun to Raise $1.5 Billion to Fund Insurance & Banking Acquisitions
Sep 11 2015 // Fosun International Ltd., Chinese billionaire Guo Guangchang’s conglomerate that has bought insurers and real estate around the world, proposed raising HK$11.7 billion ($1.5 billion) in a rights offer to fund its...
New York Health Insurer’s Data Breach Puts 10M Records at Risk
Sep 11 2015 // Upstate New York health insurer Excellus BlueCross BlueShield on Wednesday said its computer systems and those at affiliates had been breached, exposing data from more than 10 million members, in the latest case to show...
