Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Uber, Lyft and New York Loss Transfer
Mar 13 2018 // Ridesharing has officially arrived in New York, and confusion over New York no-fault insurance and PIP Loss Transfer has arrived with it. On June 29, 2017, the New York State Assembly approved and Governor Andrew Cuomo...
SEC Sides with New York Comptroller in Express Scripts Cyber-Risk Spat
Mar 12 2018 // New York State Comptroller Thomas DiNapoli scored a victory against Express Scripts Holding Co. in his push to force increased disclosures of the firm’s efforts to mitigate cyber risks. The prescription-benefits...
Northeast Digging Out from Deep Snow as Power Outages Continue
Mar 9 2018 // The Northeast is digging out from its second powerful nor’easter in less than a week that left behind some areas with more than 2 feet of snow, hundreds of thousands without power, school closures and travel...
Introducing the InsurTech Capitals of the World
Mar 7 2018 // Not so long ago, Hartford, Conn., was widely known as the insurance capital of the world. Today, interest has shifted to technology-led insurance firms, or InsurTechs, raising the question: Where is the InsurTech capital...
Nondrinker Wrongly Charged with DUI Gets Nearly $1M from NYC
Mar 5 2018 // A man who doesn’t drink but was arrested on an impaired driving charge has settled his lawsuit against New York City for nearly $1 million. According to the Daily News, Oliver Wiggins says he was charged in a...
Broker Lockton Joins Chubb, MetLife in Withdrawing from NRA Insurance Programs
Feb 27 2018 // Insurance broker Lockton is ending its participation in an insurance program for members of the National Rifle Association, joining MetLife, United Airlines and other companies that have been canceling their business...
Amtrak: NJ Transit Trains Could Be Banned from New York
Feb 22 2018 // Amtrak could prevent New Jersey Transit trains from entering New York if NJ Transit doesn’t finish installing positive train control. Amtrak President and CEO Richard Anderson told a House subcommittee that Amtrak is...
Risk Strategies Acquires New York City’s Prosurance Redeker Group
Feb 22 2018 // Risk Strategies, a Boston, Mass.-headquartered, privately held national insurance brokerage and risk management firm, has acquired New York City-based Prosurance Redeker Group LTD., a specialty brokerage serving architects...
Everest Specialty Expands Private Company Financial Lines Team
Feb 21 2018 // Everest Insurance has expanded the financial lines division of Everest Specialty Underwriters (ESU ), naming five professionals to its new Private Company/Not-For-Profit unit. The Private/NFP team is targeting small,...
Safeco to Take Up Mapfre’s Tennessee, Kentucky, Indiana Business
Feb 20 2018 // MAPFRE Insurance, which last year decided to exit five states and focus on 11, is turning over its personal lines business in three of the five states it is leaving to Safeco Insurance, a Liberty Mutual unit. MAPFRE has...
New York’s The Iroquois Group Promotes McKay to Regional Vice President
Feb 20 2018 // The Iroquois Group, an Allegany, N.Y.-based service provider for independent property and casualty insurance agencies, has promoted Kevin McKay to regional vice president of its Northeast region. McKay is a Londonderry,...
Brown & Brown Acquires New York’s yourPFO Consulting
Feb 20 2018 // Brown & Brown of New York Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Purchase, N.Y.-based yourPFO Consulting LLC (yourPFO). yourPFO represents many large company...
New York Working to Deter Fraud, Manipulation in Virtual Currency Markets
Feb 16 2018 // New York Department of Financial Services (DFS) has issued guidance reminding all virtual currency entities licensed by New York State, including those that hold a money transmitter license, that they are required to...
Exxon Gets Combative with Critics Suing Over Climate Change Policy
Feb 15 2018 // As climate-change lawsuits against the oil industry mount, Exxon Mobil Corp. is taking a bare-knuckle approach rarely seen in legal disputes: It’s going after the lawyers who are suing it. The company has targeted at...
New York Judge Awards Graffiti Artists $6.7M After Works Destroyed
Feb 14 2018 // A judge awarded $6.7 million Monday to graffiti artists who sued after dozens of spray paintings were destroyed on the walls of dilapidated warehouse buildings torn down to make room for high-rise luxury residences. U.S....
New York’s Distinguished Programs Hires Beaumont and Hunke
Feb 13 2018 // Distinguished Programs, a New York, N.Y.-based national insurance program manager, has expanded its Data & Actuarial Science department with the addition of Perry H. Beaumont as head of the department and Steven Hunke...
New York’s 21 Club Closes to Fix Flood Damage
Feb 8 2018 // The tony 21 Club in midtown Manhattan has been closed for renovations following a flood. The restaurant was damaged in early January after broken pipes set off fire sprinklers which sent gallons of water gushing throughout...
U.S. Safety Board Blames Two NYC-Area Commuter Crashes on Sleep Disorders
Feb 7 2018 // A U.S. investigative agency said on Tuesday that two New York City area commuter train crashes were the result of engineers with undiagnosed sleep disorders. The National Transportation Safety Board (NTSB) criticized the...
Bangladesh to File Suit Against Philippines Bank over $81M Cyber Heist
Feb 7 2018 // Bangladesh’s central bank will file a lawsuit against a Philippines bank for its role in one of the world’s biggest cyber-heists two years ago, a deputy governor said on Wednesday. Unidentified hackers stole...
New York’s Evergreen Insurance and Risk Management Promotes Kivelevitz
Feb 5 2018 // Evergreen Insurance and Risk Management, a Monsey, N.Y.-based real estate insurer, has promoted Joel Kivelevitz to vice president of operations. He began working in his new capacity February 1. Kivelevitz has worked at...
