Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
D&O Liability Insurance Could Feel Effects of New York’s Cyber Regulation
Apr 6 2017 // While the full implications of the New York State Department of Financial Services’ (DFS) cybersecurity regulation, which went into effect March 1, are still being realized by the insurance industry, many are...
17 States Sue to Halt Trump Rollback of Climate Change Regulations
Apr 6 2017 // A coalition of 17 U.S. states filed a legal challenge on Wednesday against efforts by President Donald Trump’s administration to roll back climate change regulations, deepening a political rift over his emerging...
Allstate Joins Firms Pulling Ads from ‘O’Reilly Factor’
Apr 5 2017 // More companies, including carmaker BMW and insurer Allstate, have pulled their advertising from Fox News’ “The O’Reilly Factor” television program days after the New York Times reported Fox and star...
NYC Subway Trash Bin Ban Yields to Better Cleaning Methods
Apr 4 2017 // Faced with too much trash in one of the world’s biggest – and arguably dirtiest – subway systems, New York transit officials tried an unusual social experiment. They removed garbage bins from 39 out of...
Cook Maran Set to Acquire New York Insurer Gundermann
Apr 4 2017 // Cook Maran & Associates (Cook Maran), one of New York and New Jersey’s largest insurance brokers, will acquire Gundermann & Gundermann (Gundermann), a third-generation, family-owned company that’s grown...
U.S. Supreme Court to Hear if Arab Bank Is Financially Liable for Terrorist Attacks
Apr 4 2017 // The U.S. Supreme Court on Monday agreed to consider reviving litigation seeking to hold Arab Bank Plc financially liable for militant attacks in Israel and the Palestinian territories that accused the Jordan-based bank of...
Non-Compete Agreements and Poaching Take Spotlight in Aon – Alliant Lawsuit
Apr 3 2017 // A legal battle between two insurance brokerages over whether a former employee violated noncompete agreements and poached numerous employees is not over yet, but the brokerage bringing the charges has scored key early...
Business Moves
Apr 3 2017 // KKR, Canadian Pension Fund, USI Insurance Services, Carolina First Associates Private equity firm KKR and Canadian pension fund Caisse de depôt et placement du Quebec (CDPQ) have agreed to buy USI Insurance Services from...
New York’s Cybersecurity Rules: Things Insurance Professionals Should Know
Apr 3 2017 // The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies (cyber rules) that went into effect March 1. The cyber rules require insurance and...
Ryan Specialty Group Agrees to Acquire Assets of New York-Based LoVullo
Mar 31 2017 // Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire substantially all of the assets of LoVullo Associates Inc. (LoVullo), a wholesale insurance brokerage and binding authority operation based in...
Marsh & McLennan Promotes Walsh in New York
Mar 31 2017 // Marsh & McLennan Companies Inc. (MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, has appointed Keith Walsh as chief financial officer of the Company’s...
Alliant Handed Victory over Aon in 1 of 3 ‘Poaching’ Suits
Mar 30 2017 // A jury in Fresno, Calif. has ruled against Aon Corp. in yet another poaching lawsuit that involves the U.K. brokerage and rival Alliant Insurance Services. The jury rejected every claim by Aon levied against Newport Beach,...
Exxon Dealt a Blow as Texas Judge Sends Climate Suit to New York
Mar 30 2017 // Exxon Mobil Corp.’s attempt to derail a multistate fraud probe into whether the company fully disclosed to investors the financial risks of climate change was dealt a major blow after a Texas judge moved the case...
New York DFS Superintendent Directs Insurers to Submit Disaster Plans
Mar 29 2017 // All insurance companies licensed to conduct business in New York State must submit updated disaster response and recovery plans and responses to online questionnaires to the Department of Financial Services (DFS) by June...
Student Sues New York’s Columbia University, Alleging Indifference to 2 Rapes
Mar 28 2017 // A woman who enrolled in Columbia University partly because she wanted to be part of the emotional debate there over on-campus sexual assaults sued the school Tuesday, saying she was raped twice in her dorm room during her...
Uber Tells U.S. Appeals Court in New York Customers Must Arbitrate Disputes
Mar 27 2017 // A U.S. appeals court in New York on Friday weighed arguments over whether Uber Technologies Inc. customers gave up their right to sue the company when they registered for its popular taxi hailing service. The case could...
Insurers, Victims Sue Saudi Arabia Over Sept. 11 Terrorist Attacks
Mar 27 2017 // Saudi Arabia is facing a renewed $6 billion lawsuit by dozens of insurers seeking to hold it responsible for business and property damage caused by the Sept. 11, 2001 attacks. The lawsuit filed late Thursday in the U.S....
New York Bridge Inspector Convicted for Falsifying Safety Review
Mar 23 2017 // A state contract bridge inspector accused of creating a false safety report for a county bridge has been convicted of a felony. New York Inspector General Catherine Leahy Scott announced Monday that Akram Ahmad of...
Aon Gains Upper Hand in Non-Compete and Poaching Lawsuit vs. Alliant
Mar 22 2017 // A legal battle between two insurance brokerages over whether a former employee violated non-compete agreements and poached numerous employees is not over yet but the brokerage bringing the charges has scored key early...
New York Insurance Broker Sentenced in $1M Fraud Scheme
Mar 20 2017 // An Albany insurance broker has been sentenced to nine years in prison for a $1 million securities fraud scheme. Lawrence D. Rosenbaum previously pleaded guilty to charges including grand larceny and securities fraud. He...
