Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
NYDFS: Tighter Cybersecurity Needed for Banks’ Vendors
Apr 20 2015 // The New York State Department of Financial Services (NYDFS) issued a report on April 9 that found significant potential cybersecurity vulnerabilities with banks’ third-party vendors. New York regulators noted that...
Greenberg Denied Bid to Dismiss New York AG Fraud Suit
Apr 16 2015 // A New York state appeals court rejected former American International Group Inc. Chairman Maurice “Hank” Greenberg’s bid to dismiss a decade-old lawsuit accusing him of orchestrating an accounting fraud...
N.Y. Nixes 57 Nuisance Fees Including Fees on Some Work Comp Disputes
Apr 15 2015 // New York is eliminating dozens of small fees the state had imposed on such random things as potato inspections, ski lifts and workers’ compensation disputes involving podiatrists. New York Gov. Andrew Cuomo’s...
Millions, Including Sandy Victims, Facing Higher Flood Insurance Premiums
Apr 14 2015 // A $24 billion sea of red ink has millions of Americans in vulnerable flood zones, including homeowners still struggling to recover from Superstorm Sandy, facing steep increases in flood insurance premiums. New legislation...
NYDFS Finds Potential Cybersecurity Vulnerabilities With Banks’ Vendors
Apr 9 2015 // The New York State Department of Financial Services (NYDFS) issued a report Thursday that found significant potential cybersecurity vulnerabilities with banks’ third-party vendors. New York regulators noted that...
AmWINS Brokerage Announces Appointments in New Jersey, New York
Apr 9 2015 // AmWINS Brokerage of the Mid Atlantic hired John Carlsen as senior vice president. Carlsen specializes in public entity risks, with an emphasis on CAT/natural disaster exposures. Prior to joining AmWINS, he was executive...
New York Court Examines Scope of Scaffold Law in 2 Injury Cases
Apr 8 2015 // The New York Court of Appeals, the state’s highest court, ruled on two injury cases on April 2, examining whether the injuries in those cases fit within the scope of the state’s Labor Law 240, popularly known...
Safety National Hires Leahy as Business Development Manager in New York
Apr 7 2015 // Tom Leahy Safety National Casualty Corporation has hired Tom Leahy as business development manager. Leahy is based in New York City. Leahy brings over 15 years of industry-related business development and account...
U.S. Risk Insurance Group Hires Daum as Executive VP in New York
Apr 7 2015 // U.S. Risk Insurance Group Inc. has hired John B. Daum as executive vice president for the New York City office. Daum brings with him over 35 years of experience in the insurance and reinsurance industry. He started his...
Hub International Acquires The Flood Group in New York
Apr 7 2015 // Hub International Limited announced that its subsidiary Hub International Northeast Limited has acquired the assets of The Flood Group LLC and its affiliate, The Flood Group of Long Island Inc., a Floral Park, New...
Business Moves
Apr 6 2015 // Brown & Brown, Spain Agency Brown & Brown Inc. announced that its subsidiary Brown & Brown of New York Inc. has acquired certain assets of Spain Agency Inc., an independent agency based in Mahopac, N.Y....
N.Y. DFS Eyes Insurers’ Cybersecurity, Price Optimization
Apr 6 2015 // New York state regulators recently sent a letter to insurers operating in the state, seeking detailed information on their cybersecurity measures. Benjamin Lawsky, superintendent of the New York Department of Financial...
People – East
Apr 6 2015 // Connecticut Governor Dannel P. Malloy has appointed Katharine L. Wade as new commissioner of the Connecticut Insurance Department. Wade succeeds Thomas B. Leonardi who stepped down from the post in December to join New...
NOAA: Western N.Y., New England at Elevated Risk of Moderate Flooding
Apr 6 2015 // According to National Oceanic and Atmospheric Administration’s (NOAA) Spring Outlook forecast issued on March 19, rivers in western New York and eastern New England have the greatest risk of moderate spring flooding...
NYC Comptroller Finds $6.8M Misspent for Superstorm Sandy Relief
Apr 2 2015 // New York misspent $6.8 million after Hurricane Sandy in payments to independent consultants for flawed and incomplete work that delayed help to at least 20,000 people with damaged homes, city Comptroller Scott Stringer...
Taxi Group’s New Lawsuit Targets New York’s Uber Policy
Apr 1 2015 // A group of taxi companies sued New York claiming the city is wrongfully allowing Uber Technologies Inc. customers to hail rides with an app. Current law permits only yellow taxis with valid medallions to accept hails,...
NYC Blast Probe Highlights Problem of Stealing Gas
Apr 1 2015 // It was a run-of-the-mill complaint — a smell of gas — with a troubling explanation: Someone had improperly tapped into a Manhattan building’s gas line, and it was leaking. The issue was quickly resolved....
BNC Insurance Agency Acquires Milbrandt & Co. in New York
Mar 31 2015 // BNC Insurance Agency Inc., an independent agency based in Rye Brook, New York, announced that it has acquired Milbrandt & Co. Inc., an independent agency based in New Rochelle, New York, with a satellite office in...
Ex-Pilot’s Suit Says JetBlue Should Have Known He Was Unfit to Fly
Mar 29 2015 // A former JetBlue Airways Corp. pilot whose midair meltdown forced an emergency landing of a 2012 flight on Friday sued the carrier for $14.9 million, saying it should have grounded him because it knew he was incapable of...
ACA Financial Asks N.Y.’s Top Court to Revive Goldman Suit Over Abacus
Mar 27 2015 // ACA Financial Guaranty Corp. urged New York’s top court to reinstate a suit accusing Goldman Sachs Group Inc. of conspiring to force it to insure an investment that led to a $550 million settlement with...
