Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
The Hits Keep Coming: More Transitional Cybersecurity Requirements in New York
Oct 10 2018 // It has been more than a year and a half since the New York Department of Financial Services cybersecurity regulations (cyber rules) came into effect, and yet another compliance deadline has passed. Broadly, “covered...
U.S. Limo Regulations Probed After Deadly New York Crash, NTSB Says
Oct 9 2018 // The National Transportation Safety Board will examine federal oversight of the limousine industry as part of its investigation into a deadly New York state crash that killed 20 people in the worst U.S. transportation event...
New York’s MLMIC Insurance Company Joins Berkshire Hathaway Family of Companies
Oct 8 2018 // MLMIC Insurance Company, formerly known as Medical Liability Mutual Insurance Company, has completed its conversion from a property and casualty mutual insurance company to a property and casualty stock insurance company...
AIG Is Seeking More Than $200M for Manhattan Hotel
Oct 8 2018 // AIG Global Real Estate is seeking buyers for a Manhattan hotel that could fetch more than $200 million, according to a person familiar with the matter. AIG has tapped Eastdil Secured LLC to find prospective buyers for the...
Disaster Declaration Approved for Flash Flood Recovery in New York
Oct 5 2018 // President Donald Trump has approved a disaster declaration for upstate New York counties hit by severe flash flooding in August. The declaration signed Monday by the Republican will allow the counties to apply for federal...
Man Awarded $1.6M Following Sears Fork Lift Accident in New York
Oct 4 2018 // A Connecticut jury has awarded $1.6 million to a man who was seriously injured by a fork lift at a Sears warehouse in 2014. The Connecticut Post reports that the jury ruled in favor of Kevin Reid last Friday. The Shelton...
Judge Rules Racial Bias Claim Against Bank Must Go to Private Arbitration
Oct 4 2018 // A black former Morgan Stanley broker who filed a lawsuit accusing the bank of racial bias must pursue his claims in private arbitration, a federal judge ruled on Wednesday. U.S. District Judge John Koeltl in Manhattan...
Bus Driver Found Guilty in Citi Bike Death in New York
Oct 3 2018 // The driver of a charter bus that fatally struck an investment banker riding a Citi Bike in Manhattan last year, marking the first death involving the city’s bike-share program, was found guilty of failing to yield...
Doctor’s Alleged Fraud Scheme Throws Medical Claims Review Process into Doubt
Oct 2 2018 // For years, Spyros Panos seemed like a successful orthopedic surgeon, seeing dozens of patients a day and bringing in millions of dollars in fees for his suburban New York medical group. In fact, he was inflating charges...
Multiple Fires Destroy 12 Buildings in New York
Oct 2 2018 // Officials say 12 buildings have to be torn down after two weekend fires devastated an Albany, N.Y., neighborhood. The Times Union reports the first fire broke out around 3:30 a.m. Sunday, and the second fire was reported...
New York DFS Issues Final Reg Requiring Insurers to Include Formulary Exception
Oct 1 2018 // The New York Department of Financial Services (DFS) is taking new actions to address the opioid crisis in New York State. DFS issued a final regulation requiring insurers to include a formulary exception process for...
Business Moves
Oct 1 2018 // Marsh & McLennan, JLT Marsh & McLennan Inc. agreed to buy Jardine Lloyd Thompson for about $5.7 billion to expand its global offering of reinsurance and consulting services. New York-based Marsh said the purchase...
Frenkel & Company Hires Ferber as a Principal in New York
Sep 28 2018 // Frenkel & Company, an EPIC Company, has hired Joseph Ferber as a principal in New York. Ferber will report to Phil Remig, Northeast region senior vice president of Operations and Sales. In his new role, Ferber will be...
Frenkel Benefits Hires Tunno as a Principal in New York
Sep 27 2018 // Frenkel Benefits, an EPIC Company, has hired Nicholas Tunno as a principal in New York. Tunno will report to Phil Remig, Northeast region senior vice president of Operations and Sales. Tunno joins from the New York office...
Ex-Bookkeeper for New York Tourism Agency Admits to $220K Theft
Sep 24 2018 // The former longtime bookkeeper for an upstate New York tourism agency has pleaded guilty to stealing more than $200,000 from the organization. Kathryn Price pleaded guilty to grand larceny and criminal tax fraud Wednesday...
The State of NAIC’s Data Security Model Law
Sep 21 2018 // Powered by InsuranceJournal.tv Most states have yet to adopt a cyber security model law for the insurance industry like the one approved by the National Association of Insurance Commissioners in 2017, but one expert...
Government Ends Criminal Case Over GM Handling of Ignition Switch Defect
Sep 20 2018 // A federal judge in New York on Wednesday dismissed a criminal case brought against General Motors Co. in 2015 over the largest U.S. automaker’s handling of an ignition-switch defect linked to 124 deaths. U.S....
New York’s Ethos Specialty Insurance Services Appoints Cline as President, CEO
Sep 18 2018 // Ethos Specialty Insurance Services (Ethos), Ascot Group’s New York-based MGU platform, has appointed Rory Cline as president and CEO. Cline takes the helm from his current role as chief underwriting officer, having...
Professional Insurance Agents of New York Elects Ferris President
Sep 17 2018 // The Professional Insurance Agents of New York (PIANY) has elected Jamie A. Ferris as president at a meeting of the association’s board of directors at PIANY headquarters in Glenmont, N.Y. Ferris is president of P.W....
People
Sep 17 2018 // Pryor Cashman hired insurance coverage attorney Christopher Loeber in the firm’s New York office to lead the newly-created Insurance Recovery and Counseling practice. With more than 20 years of experience, Loeber...
