Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Investors, Bondholders Sue Occidental Over Anadarko Merger
Jun 1 2020 // Occidental Petroleum Corp. has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7...
Business Moves
Jun 1 2020 // National Altamont Capital, Topa Insurance The deal for Altamont Capital Partners to acquire Topa Insurance Group has been called off. Last August, Altamont Capital Partners signed an agreement to acquire Calabasas,...
NY Stock Exchange Partially Reopens Trading Floor; Traders, Staff Sign Liability Waivers
May 28 2020 // New York Governor Andrew Cuomo donned a face mask and rang the opening bell at the New York Stock Exchange on Tuesday, marking the partial reopening of the trading floor at 11 Wall Street, which had been shuttered since...
Lawmaker Details Federal Reinsurance for Pandemic Business Interruption, Event Losses
May 27 2020 // New York Congresswoman Carolyn Maloney has introduced the Pandemic Risk Insurance Act of 2020, a federal backstop for pandemic-related business interruption insurance modeled after the Terrorism Risk Insurance...
Three Members of $31.7M New York City Trip-And-Fall Scheme Sentenced to Prison
May 26 2020 // Three members of a $31.7 million trip-and-fall scheme to defraud New York City businesses and their insurance companies have been sentenced to prison. Bryan Duncan, Robert Locust and Ryan Rainford were sentenced by U.S....
Zurich North America Brings Apprenticeship Program to New York City
May 22 2020 // Zurich North America is expanding its professional apprenticeship program from its Chicagoland headquarters to its downtown New York City office this fall, with the Borough of Manhattan Community College (BMCC) as the...
New York Dusts Off 1918 Pandemic Playbook For Help in Making Subway Safer
May 21 2020 // As in 1918, New York may use staggered work hours to keep subway safe As New York City makes plans to reopen in the coming months, officials are dusting off the playbook from the 1918 flu pandemic, when businesses were...
Insurance Is Not A Company’s Primary Line of Defense in a Crisis
May 21 2020 // Imagine your company having a Halloween party: Employees show up wearing costumes mocking your customers, says the chief executive of a New York commercial insurance brokerage we recently interviewed. “Now imagine...
Maryland, Virginia, D.C. Intend to Sue EPA on Bay Pollution
May 20 2020 // Maryland, Virginia and the District of Columbia filed a notice of intent to sue the Environmental Protection Agency for failing to require two other states to implement plans to cut pollution in the Chesapeake Bay,...
Citi Appoints Haider to its Financial Institutions Group in New York
May 19 2020 // Citi has appointed Jawad Haider as North America head of insurance in its Financial Institutions Group, based in New York. He is starting at Citi effective immediately. Haider has more than 20 years of experience in...
People & Places
May 18 2020 // National Scott Kreuzer has been appointed as senior managing director, Americas, at Aspen Re, effective May 4, 2020. Kreuzer joins Aspen Re from Axis Reinsurance, where he has served as senior vice president and head of...
What to Expect in Workers’ Compensation Costs From COVID-19: NCCI
May 18 2020 // If only 10% of health care workers contract COVID-19 and all of their claims are deemed compensable, workers’ compensation loss costs for that sector could double or even triple in some states, according to an...
New York’s Simco Insurance Center Joins Satellite Agency Network Group
May 15 2020 // Simco Insurance Center recently joined Satellite Agency Network (SAN) Group Inc., an alliance of independent insurance agencies in the Northeast. Established in 2005, Simco Insurance Center is a family-owned business...
New York’s The IMA Group Hires Markham as Chief Strategy Officer
May 12 2020 // The IMA Group has hired Doug Markham, a healthcare and managed care industry veteran with more than 25 years of experience, as chief strategy officer. Markham has a background in healthcare, insurance, claims and managed...
Hub Northeast Acquires Assets of New York’s The B&G Group
May 11 2020 // Hub International Limited, a global insurance brokerage, has announced that its affiliate, Hub International Northeast Limited, acquired the assets of The B&G Group Inc. Terms of the transaction were not...
New York Strengthens COVID-19 Safety Measures for Nursing Homes
May 10 2020 // New York state on Sunday announced new coronavirus-safety measures to better protect nursing home residents, who are highly vulnerable to the respiratory illness and account for a large share of the nearly 80,000 Americans...
COVID-19 Hits Already-Troubled Nursing Home Insurance Market; Brokers Try to Help
May 10 2020 // Nursing homes are right in the middle of the deadly coronavirus pandemic hitting the U.S, with more than 28%, or nearly 20,000, of the nation’s COVID-19 deaths happening in these long term care facilities, according...
As Deaths Rise to 20,000, Nursing Homes Seek Immunity from Lawsuits
May 10 2020 // Faced with 20,000 coronavirus deaths and counting, the nation’s nursing homes are pushing back against a potential flood of lawsuits with a sweeping lobbying effort to get states to grant them emergency protection...
Michigan’s High Street Insurance Partners Acquires Three New Agencies
May 8 2020 // Traverse City, Michigan-based High Street Insurance Partners (High Street), has acquired three additional agencies — two in Michigan and one in New York. These new agency partners are: Trust Shield Insurance Group (TSIG)...
Young Brokerage Founder Seeks to Target ‘Underserved’ High Net Worth Space
May 8 2020 // As a self-taught app developer, when Hayden Kopser sees a problem, he seeks to build a solution. So, when he observed during his time working at AIG that some brokerages weren’t adequately servicing high net worth...
