Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
N.Y. Updates Insurance Company Disaster Response, Recovery Plan Requirements
May 21 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...
Age of Insurtechs Poses Unique Challenges for Surplus Lines Insurance Industry
May 17 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...
Cleanup Underway After Powerful Storms Pound Northeast
May 17 2018 // Residents in the Northeast cleaned up Wednesday, a day after powerful storms pounded the region with torrential rain and marble-sized hail, leaving at least three people dead and more 200,000 homes and businesses without...
The Evans Agency Acquires New York’s Richardson & Stout Insurance
May 16 2018 // The Evans Agency LLC, a wholly owned insurance subsidiary of community financial services company Evans Bancorp Inc., has acquired the business of Richardson & Stout Insurance (R&S) of Wellsville, N.Y. The...
EPIC Hires Montelione to Financial Risk Practice in New York
May 16 2018 // EPIC Insurance Brokers and Consultants, a retail property and casualty and employee benefits insurance brokerage and consulting firm, has hired Diane Montelione as a senior vice president in its Financial Risk...
SafeWaters Underwriting Managers Appoints N.Y.-Based Kempf as VP and Head of Cargo
May 15 2018 // SafeWaters Underwriting Managers (SafeWaters) has appointed Kevin Kempf as vice president and head of cargo in the U.S. Kempf is based in Melville, N.Y. He joined SafeWaters on April 1, 2018, and brings knowledge of cargo...
NRA Sues New York, Alleging First Amendment Violations in Insurance Crackdown
May 11 2018 // The National Rifle Association (NRA) has filed a lawsuit against New York’s insurance regulator and Governor Andrew Cuomo, alleging a regulatory overreach by New York officials that has resulted in violations of the...
Arrest Warrants Issued for New York Financiers Over Failed Oklahoma Insurer
May 10 2018 // Arrest warrants have been issued for two New York financiers after prosecutors filed charges in Oklahoma state court relating to the purchase and handling of a now-defunct Oklahoma insurance company that the pair once...
Allianz Expanding Climate Strategy, Doesn’t Want to Insure Coal Operations
May 10 2018 // The Allianz Group “is significantly expanding its climate strategy.” The German insurance giant recently announced a commitment to support the change to a low-carbon economy over the coming decades, and is...
Lloyd’s Ends Ties with NRA Insurance Programs
May 10 2018 // Lloyd’s of London has directed its underwriters to terminate any insurance programs they have with the National Rifle Association (NRA) and to not enter into any new ones. “The Lloyd’s Corporation has...
Oil Companies Ask Judge to Kill NYC’s Global Warming Lawsuit
May 9 2018 // Five 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 the environmental changes caused by their products. BP Plc,...
USI Closes Acquisition of New York’s Key Insurance & Benefits Services
May 9 2018 // USI Insurance Services (USI) announced the closing of its acquisition of Key Insurance & Benefits Services Inc., formerly part of KeyBank. Terms of the transaction were not disclosed. USI is a Valhalla,...
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...
