Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
N.Y. Officially Bans Fracking, Ending 7-Year Environmental, Health Review
Jul 1 2015 // New York formalized its ban on high-volume hydraulic fracturing for natural gas on Monday, concluding a seven-year environmental and health review that drew a record number of public comments. “After years of...
Jury Orders Wall St. Financier to Pay Ex-Employee $18M in Harassment Case
Jun 30 2015 // A federal jury on Monday ordered the chief executive officer of a Manhattan investment firm to pay $18 million in damages to a former employee for sexual harassment and defamation. Benjamin Wey, who heads up New York...
Beazley Hires Kontonotas as Crime & Fidelity Underwriter in New York
Jun 26 2015 // Michael Kontonotas Specialist insurer Beazley hired Michael Kontonotas as an underwriter for the company’s crime & fidelity bond underwriting team. He will work from Beazley’s New York office. Kontonotas...
Sica | Fletcher Leads The Hilb Group to an Investment by ABRY Partners
Jun 26 2015 // TRANSACTION MARKS INSURANCE M&A ADVISORY FIRM’S 13th TRANSACTION OF 2015 New York, NY, June 26 2015–The Hilb Group, LLC has announced that leading private equity firm ABRY Partners, headquartered in Boston,...
New York City to Pay $6.25M to Man Exonerated in 1989 Killing
Jun 25 2015 // New York City has agreed to pay $6.25 million to a man who spent nearly 25 years in prison before being exonerated in a killing that happened while he was more than 1,000 miles away vacationing at Disney World, the city...
Fidelis Group Holdings Opens New Flagship Office in NYC
Jun 24 2015 // Fidelis Group Holdings LLC (FGH), with its subsidiary company Continental Underwriters Ltd. (CUL), a national marine insurance coverage and service provider, announced the recent opening of its new flagship office located...
NYC’s Taxi Regulatory Agency OKs New App Rules for Uber, Lyft
Jun 24 2015 // New York City’s taxi regulatory agency on Monday approved new rules governing how Uber and other app-based car services operate within the five boroughs. Part of the proposal unanimously passed allows the companies...
Willis North America Appoints Collins as Growth Leader in New York
Jun 23 2015 // Willis North America, a unit of Willis Group Holdings plc, the global risk advisory, re/insurance broking, and human capital and benefits firm, appointed Paul Collins as growth leader for Willis’s Metro region, where...
