Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Opioid Makers Endure Setback as Judge Lets New York Lawsuit Proceed
Jun 20 2018 // Purdue Pharma LP, Johnson & Johnson and other opioid makers faced one of the first extensive reviews of their legal defenses to claims they violated consumer-protection laws and created a public nuisance with the sale...
Chubb Insists No Insurance for Weinstein, Who Wants Jury to Settle Coverage Issues
Jun 19 2018 // Hollywood movie mogul Harvey Weinstein is asking that a jury decide whether his insurer must defend him against 14 lawsuits accusing him of sexually harassing and assaulting women over several decades. Weinstein contends...
Fujifilm Sues Xerox for Failed Merger, Citing Lack of ‘Shareholder Democracy’
Jun 19 2018 // Fujifilm Holdings Corp. sued Xerox Corp. on Monday for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed...
Business Moves
Jun 18 2018 // Kemper, Infinity Kemper Corp. and Infinity Property and Casualty Corp. reported that the companies’ respective shareholders approved proposals related to the agreement announced in February under which Kemper will...
Report Says Record Number of Data Breach Notices Filed in New York in 2017
Jun 18 2018 // The New York Attorney General’s Office (NYAG) this year released a report outlining a record number of data breach notices filed with the office in 2017 – the highest since NYAG started receiving data breach...
Wholesale Trading Insurance Services Hires Megenis in New York
Jun 15 2018 // Wholesale Trading Insurance Services LLC (WTIS) has hired Alex Megenis as a vice president and property and casualty broker in New York. Megenis most recently was a broker at Risk Placement Services, where he worked for...
MAPFRE Insurance Set to Exit New York, New Jersey Markets
Jun 15 2018 // MAPFRE Insurance has entered into definitive agreements with affiliates of The Plymouth Rock Company to exit the states of New York and New Jersey as part of MAPFRE’s previously announced strategy to focus on its...
Oil Companies Ask to Throw Out New York’s Climate Change Lawsuit
Jun 15 2018 // A group of the world’s biggest oil companies asked a judge to throw out New York City’s lawsuit seeking to hold them responsible for costs related to climate change. ConocoPhillips, Exxon Mobil Corp. and...
Arthur J. Gallagher & Co. Announces Acquisition of New York’s H.R. Keller & Co.
Jun 13 2018 // Arthur J. Gallagher & Co. has announced the acquisition of Buffalo, N.Y.-based H.R. Keller & Co. Inc. Terms of the transaction were not disclosed. H.R. Keller & Co. Inc.’s Eric Keller, Andrew Coric and...
New York Top Court Narrows Martin Act in $11B Credit Suisse Case
Jun 13 2018 // New York’s highest court on Tuesday curbed the state attorney general’s ability to fight fraud on Wall Street, awarding a victory to Credit Suisse Group AG as it tries to end an $11 billion lawsuit over risky...
New York’s AmTrust Appoints Hickey as Group Chief Underwriting Officer
Jun 12 2018 // AmTrust Financial Services Inc., a multinational insurance holding company headquartered in New York City, has named J. Daniel Hickey as group chief underwriting officer. Hickey is based at AmTrust’s New York City...
New York Surgeon Sentenced for Nearly $87K Workers’ Comp Fraud Scheme
Jun 8 2018 // A central New York orthopedic surgeon has been sentenced for running an ongoing scheme that defrauded the workers’ compensation system by nearly $87,000. Dr. Gregory B. Shankman, of Clinton, N.Y., was sentenced in...
New York State Workers’ Compensation Board Proposes New Medical Fee Schedule
Jun 8 2018 // The New York State Workers’ Compensation Board has released a proposed increase in medical reimbursement to providers who treat workers’ compensation patients. The proposed medical fee schedule includes an...
USI Insurance Services Names Beck National Construction Practice Leader in New York
Jun 6 2018 // USI Insurance Services (USI), an insurance brokerage and consulting firm, has named Danette Beck as its National Construction Practice leader. Beck will be responsible for growing USI’s construction practice, which...
Lloyd’s Index Shows $92B at Risk in North American Cities Each Year
Jun 6 2018 // Powered by InsuranceJournal.tv Cities in the U.S. and Canada stand to lose $92.96 billion per year to risks like market crash, cyber attack and flood, an index from Lloyd’s released today shows. Lloyd’s newly...
Plane Carrying Four Crashes Off Coast of New York’s Long Island, Two Bodies Recovered
Jun 5 2018 // A small plane carrying four people crashed off the coast of New York’s Long Island on Saturday, officials said. Two bodies had been recovered from the crash scene about a mile and a half south of East Hampton as of...
Stroock Hires Chung as a Partner in Its New York Office
Jun 4 2018 // Stroock has hired Huhnsik Chung as a partner in the firm’s insurance and reinsurance practice within its New York office. He arrives to the firm from Baker McKenzie, where he chaired the North America Insurance...
Business Moves
Jun 4 2018 // Ascot US, Greyhawk Insurance Ascot US Holding Corp. has acquired Greyhawk Insurance Co. and its subsidiary, Grey-hawk Specialty Insurance Co. Greyhawk is a Colorado domiciled admitted lines insurer that has been in runoff...
AXIS Re Reports Organizational Changes, Market Expansion Plans
May 31 2018 // AXIS Re, the reinsurance segment of AXIS Capital Holdings Limited, has announced organizational changes to improve client service and plans to expand product and market capabilities. AXIS Re will now organize around four...
New York Attorney General Leads Suit Against U.S. Environmental Protection Agency
May 31 2018 // New York Attorney General Barbara D. Underwood, joined by Attorneys General Xavier Becerra of California and Brian Frosh of Maryland, has led a lawsuit against the United States Environmental Protection Agency (EPA) for...
