Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Hardening Markets, Social Inflation, E&S Business: Berkley, AIG Execs Face Analysts
Sep 13 2019 // The commercial general liability line will be the next property/casualty line to harden, the chief executive of W.R. Berkley Corp. predicted at an industry conference. Speaking at the Keefe, Bruyette & Woods Insurance...
Gallagher Hires Kambos to New York Management Liability Practice
Sep 12 2019 // Gallagher, a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Ill., has hired Mike Kambos as its area senior vice president for New York’s Management...
States Take Aim at SEC’s New Broker-Dealer Adviser Rule
Sep 11 2019 // New York and a half dozen other states accused the Securities and Exchange Commission of botching a final regulation intended to protect broker-dealer customers from conflicts of interest under the landmark Dodd-Frank Act...
New York Department of Transportation Employee Arrested for Workers’ Comp Fraud
Sep 10 2019 // A New York State Department of Transportation employee has been arrested on charges that he defrauded the workers’ compensation system and stole more than $11,000 in insurance benefits to which he was not...
Unlicensed Labor Broker Indicted in New York for $1M Insurance Fraud Scheme
Sep 9 2019 // Unlicensed labor broker Salvador Almonte Jr. and insurance broker Steven Asvazadourian have been indicted in New York for an insurance fraud scheme in which they underreported the size of Almonte’s companies and lied...
Starr Insurance Sues to Rescind Coverage for Plane Used by Lawyer Avenatti
Sep 8 2019 // An insurance unit of Starr International Company Inc. on Friday sued Michael Avenatti, the combative lawyer known for his battles with U.S. President Donald Trump, to rescind coverage of an airplane that Avenatti used,...
OSHA Cites New York Frozen Foods Packager for Exposing Employees to Hazards
Sep 6 2019 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Arbre Group Holding – doing business as Holli-Pac Inc. – for willful and serious violations of workplace safety and...
Burns & Wilcox Brokerage Hires Greene as VP, Broker in New York Office
Sep 6 2019 // Burns & Wilcox Brokerage, a distinct business unit of H.W. Kaufman Group solely dedicated to wholesale insurance brokerage, has hired Anthony Greene to its leadership team. Greene joins the Burns & Wilcox Brokerage...
Vaping Lung Illness May Be Linked to Cannabis Product, Say Health Officials
Sep 6 2019 // Severe, mysterious lung illnesses that have struck more than 200 people around the country may be tied to an ingredient in cannabis-containing vapor products, said the New York State Department of Health. New York and...
Purdue Pharma Floats $10-$12 Billion Opioid Settlement: Reuters
Aug 28 2019 // OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 opioid lawsuits against the company for $10 billion to $12 billion, two people familiar with the matter said...
Off-Duty New York City Police Department Officer Indicted for Insurance Fraud
Aug 26 2019 // A New York City Police Department officer has been indicted for insurance fraud, falsifying business records and related charges for allegedly filing a false insurance claim stating his vehicle was stolen when the same car...
Everest Insurance Adds Three Members in Pennsylvania, New York
Aug 23 2019 // Everest Insurance has added three members to the Financial Lines Private Company/Not‐For‐Profit group. This group provides management liability insurance for private and not‐for‐profit companies of all sizes and...
Alliant Insurance Services Hires Spofford as Vice President in New York
Aug 22 2019 // Alliant is continuing to grow its presence in Albany, N.Y., with the addition of Vice President Chris Spofford. The property and casualty specialist will leverage his regional expertise and technical background to deliver...
JenCap to Buy Program Administrator Aran Insurance Services
Aug 21 2019 // JenCap Holdings, a consolidator of specialty insurance businesses backed by The Carlyle Group, has agreed to acquire privately-held Aran Insurance Services Group, a specialty program administrator with offices in Arizona,...
After Solar System Fires, Walmart Sues Tesla for ‘Widespread Negligence’
Aug 21 2019 // Walmart Inc. on Tuesday sued Tesla Inc., accusing it of “widespread negligence” that led to repeated fires of its solar systems and asking a court to force Tesla to remove solar panels from more than 240 of its...
Purdue-Linked Entities Get Subpoenas from New York State
Aug 19 2019 // New York state sent out dozens of subpoenas to entities linked to Purdue Pharma LP and its billionaire owners, the Sackler family, seeking documents that may show the movement of millions of dollars in profit from sales of...
Over 400 Sex Abuse Suits Filed in New York as Litigation Window Opens
Aug 16 2019 // The Roman Catholic Church, the Boy Scouts, schools and hospitals, the late financier Jeffrey Epstein are some of the targets named in a flurry of sex abuse lawsuits filed Wednesday in New York as the state began accepting...
Specialty Program Group Acquires Assets of New York’s The Mechanic Group
Aug 15 2019 // Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired the assets of The Mechanic Group Inc. (TMG), a Pearl River, N.Y.-based specialty insurance program...
Pasich Expands New York Footprint with Hiring of Halprin as a Partner
Aug 15 2019 // Boutique insurance recovery and entertainment firm Pasich LLP has expanded its national platform and New York footprint with the addition of Peter A. Halprin as a partner. Before joining Pasich LLP, Halprin was a...
Concord Specialty Risk Hires Peress as Vice President in New York
Aug 14 2019 // Concord Specialty Risk has hired Ilan D. Peress as vice president and Reps & Warranty Insurance underwriter, where he will take on a leading role in Concord’s Reps & Warranty Insurance practice. Peress will...
