Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York AG Schneiderman Resigns After Denying Physical Violence Allegations
May 8 2018 // New York Attorney General Eric Schneiderman said he’s resigning as the state’s highest law enforcement official, hours after a report in which four women accused him of physical violence. Schneiderman, who...
Chubb Subsidiary Fined $1.3M for Underwriting NRA-Branded Insurance
May 7 2018 // The New York Department of Financial Services (DFS) has fined Chubb Ltd. and its subsidiary, Illinois Union Insurance Company, $1.3 million for underwriting the National Rifle Association (NRA)-branded Carry Guard...
NRA Sues Insurance Broker Lockton Over ‘Carry Guard’
May 7 2018 // The National Rifle Association is suing Lockton Cos., alleging the insurance broker breached its contract with the firearms lobbying group. Lockton administered the NRA’s Carry Guard insurance program, which was...
Mark Edward Partners Acquires New York’s Kaplow Insurance Agency
May 4 2018 // Mark Edward Partners, an independent, full-service, international insurance brokerage firm, has acquired the Kaplow Insurance Agency, a Chappaqua, N.Y.-based firm that has specialized in equine insurance for more than 50...
Greenhill & Co. Hires Morris in New York as Head of Insurance Corporate Advisory
May 3 2018 // Greenhill & Co. Inc., an independent investment bank, has hired Matthew Morris in New York as a managing director and head of Insurance Corporate Advisory. Morris has 21 years of investment banking experience focused...
New York Fines Lockton Over NRA Insurance; Continues Probe of Other Players
May 3 2018 // Insurance broker Lockton will pay a $7 million fine for administering National Rifle Association (NRA) member insurance programs in New York that officials say violate several state laws. The settlement with Lockton is the...
Amazon, Lowe’s, Tesla Make ‘Dirty Dozen’ Unsafe Workplace List
May 2 2018 // Amazon, Lowe’s and Tesla are among the firms on a list of employers with unsafe workplaces published by a federation of labor, health and safety groups. The National Council for Occupational Safety and Health...
N.Y. Updates Insurance Company Disaster Response, Recovery Plan Requirements
Apr 25 2018 // The New York Department of Financial Services (DFS) has issued updated disaster response and recovery plan requirements for all insurance companies licensed to conduct business in New York state. It issued these updated...
Nearly $3M More in Flood Relief for Five Upstate New York Counties
Apr 24 2018 // Nearly $3 million in additional relief funding is going to communities in five upstate New York counties along Lake Ontario to help them recover from last year’s flooding. Gov. Andrew Cuomo announced Monday that the...
Five New York Residents Charged in More Than $31.7M Fraud Scheme
Apr 20 2018 // Five New York residents have been arrested in a staged slip-and-fall accident scheme that attempted to defraud New York City-area businesses and their insurance companies of more than $31.7 million. Peter Kalkanis, Bryan...
New York Governor Presses Banks, Insurers to Weigh Risk of NRA Ties
Apr 20 2018 // New York Governor Andrew Cuomo on Thursday ramped up pressure on banks and insurers to revisit whether their ties to the National Rifle Association and other gun rights groups harm their reputations and the public...
New York’s PIA Management Services Hires Lachut
Apr 20 2018 // PIA Management Services Inc. has hired Bradford J. Lachut as director of Government and Industry Affairs for the five PIA state affiliates managed by the Glenmont, N.Y.-based group. Lachut previously served as PIA’s...
New York City Council Passes Workplace Anti-Harassment Bills
Apr 19 2018 // The New York City Council has passed 11 bills designed to strengthen workplace sexual harassment protections. According to The Wall Street Journal, Democratic Council Speaker Corey Johnson says the legislation is designed...
Open-Door Helicopter Flights Banned From Taking Off From New York City
Apr 19 2018 // New York City is officially banning open-door helicopter flights from taking off within the five boroughs in the wake of last month’s deadly copter crash. The Daily News reports the Economic Development Corporation...
New York Workers’ Comp Board Proposes Improvements in Care for Injured Workers
Apr 18 2018 // The New York State Workers’ Compensation Board (the Board) has proposed improvements in medical care for injured workers. Its proposal includes an increase in medical reimbursement to providers who treat...
DFW Capital Partners Becomes Majority Owner of New York’s ReSource Pro
Apr 18 2018 // DFW Capital Partners, a 35-year-old private equity firm based in New Jersey, has completed an investment in ReSource Pro, becoming the company’s majority owner. ReSource Pro, a New York-based provider of operations...
Southwest Fatality First for a U.S. Airline in 9 Years
Apr 17 2018 // One passenger was killed when an engine blew out on a Southwest Airlines Co. jetliner carrying 149 people, marking the first fatality on a U.S.-registered airline in more than nine years. The plane, bound for Dallas from...
Small Businesses Hampered by Uninsured Damage After 2017 Hurricanes: Fed Reserve
Apr 17 2018 // Small businesses in the United States struggled with uninsured damages and lost revenue following a record-breaking year of hurricanes and wildfires, according to a Federal Reserve survey published on Tuesday. The report...
Plymouth Rock Assurance Entering N.Y. Insurance Market With Latest Acquisition
Apr 17 2018 // Plymouth Rock Assurance Corporation (PRAC) is entering the New York insurance market with its acquisition of 21st Century National Insurance Company (National). PRAC previously brought its insurance portfolio to...
Surplus Lines: Insurtech and Technological Opportunities, Challenges
Apr 16 2018 // Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen “insurtech” blossom from a term to describe the intersection...
