Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Launches Injured Workers Legal Assistance Project to Assist with Comp Claims
Apr 26 2021 // The New York State Workers’ Compensation Board has launched its first-ever legal assistance project to help injured workers obtain medical treatment, the Injured Workers Legal Assistance Project (IWLAP). Now, injured...
Alera Group Acquires New York’s The Waterford Group
Apr 23 2021 // Alera Group, a financial services and risk management company, has acquired The Waterford Group, a Rochester, New York-based retirement plan specialist providing consulting and fiduciary services to companies. Following...
New York City Lawsuit Claims Exxon, BP, Shell Mislead Over ‘Cleaner’ Fuels
Apr 23 2021 // New York City on Thursday sued three major oil companies and the top industry trade group in state court, arguing that the companies are misrepresenting themselves by selling fuels as “cleaner” and advertising...
‘Suspicious’ Apartment Fire in New York Displaces More Than 20 Residents
Apr 23 2021 // Fires at an apartment complex displaced more than 20 people on Sunday night, with authorities saying the blaze was suspicious and appeared to have been started in the recycling bins left on back porches. This is the second...
New York Contractor to Pay $135K in Penalties After Trench Collapse
Apr 22 2021 // A Long Island, New York, superstructure, foundation and concrete company will pay $135,612 in penalties stemming from the collapse of an approximately 30-foot deep trench in Oyster Bay that led to the deaths of two...
New York Petroleum Carrier Pays $375K for Seaman’s Protection Act Violation
Apr 21 2021 // A Long Island, New York-based petroleum barge company and three former and current management officials have paid $375,000 in restitution to the brother of one of two seamen killed in a barge explosion off the coast of...
No Charges in New York Fatal Crash Involving Sleeping Deputy
Apr 19 2021 // A sheriff’s deputy who fell asleep at the wheel of a patrol vehicle near the Vermont border and slammed into another car head-on, killing the other driver, will not face criminal charges, New York’s attorney...
New York City Begins $1.5B Project to Protect Manhattan from Floods
Apr 16 2021 // New York City has embarked on a $1.45 billion resiliency project in lower Manhattan along the East River, an area devastated by flooding in 2012 during Hurricane Sandy, Mayor Bill de Blasio said. The city’s East Side...
The Hilb Group Acquires Select Book of Business in New Jersey, New York
Apr 15 2021 // The Hilb Group LLC (THG) has acquired a select book of business of quick-serve restaurant clients with more than 100 locations in New Jersey and New York. These clients will participate in THG’s Alternative Solutions...
New York is Latest State to Legalize Recreational Marijuana
Apr 8 2021 // New York adults over the age of 21 can now possess and use marijuana – even in public – under a legalization bill signed by Governor Andrew Cuomo, though legal sales of recreational-use cannabis won’t...
New York CFO Pleads Guilty to Laundering Scheme Involving Diamonds
Apr 7 2021 // A New York company’s chief financial officer acknowledged stealing nearly $776,000 to invest it partly in African diamonds, according to federal prosecutors. Michael Bartusek pleaded guilty to wire fraud, money...
Insurers Beware: Potential Impacts of New York’s Cyber Insurance Risk Framework
Apr 6 2021 // New York remains extremely active in the cybersecurity and data protection arena. During its current legislative session, New York is considering a proposed privacy bill that would greatly enhance consumer privacy rights,...
NY’s Cyber Guidance Could Boost Risk Management for Insurers, Insureds Across U.S.
Apr 5 2021 // The Cyber Insurance Risk Framework, launched recently by the New York State Department of Financial Services, is a positive step for both insurers and insureds because it calls on insurers to consider more explicitly how...
New York City Loses Appeal Seeking to Hold Oil Firms Liable for Global Warming Effects
Apr 1 2021 // A federal appeals court on Thursday rejected New York City’s effort to hold five major oil companies liable to help pay the costs of addressing harm caused by global warming. Ruling in favor of BP Plc, Chevron Corp.,...
Police Say New York Construction Worker Killed in Trench Collapse
Mar 30 2021 // A construction worker was killed when a trench collapsed on him while he was working in a residential development in the Hudson Valley community of Woodbury, New York, police said. The 43-year-old worker was digging in a...
Allstate’s Sale of New York Unit to Wilton Re to Complete Exit from Life, Annuity Business
Mar 29 2021 // The Allstate Corp. said it has agreed to sell its New York life insurance and annuity operation to Wilton Re for $220 million. The selling of Allstate Life Insurance Company of New York (ALNY), along with the previously...
Former New York Postal Worker Sentenced for Workers’ Comp Fraud
Mar 26 2021 // A former postal employee has been sentenced to serve three years on probation for workers’ compensation fraud. Christine O’Neill, 61, of Johnson City, New York, was sentenced by Senior United States District...
New York Proposes Guidance for Insurers on Financial Risks of Climate Change
Mar 25 2021 // The New York State Department of Financial Services (DFS) has issued proposed guidance for regulated insurers on managing the financial risks of climate change. The proposed guidance comes after a circular letter was...
New York Regulator Issues Second Enforcement Action Under Cyber Rules
Mar 23 2021 // The New York Department of Financial Services’ (DFS) second enforcement action to date under its cybersecurity regulation underscores the importance of promptly investigating potential cybersecurity events. It also...
Insurance Technology: InsurTech NY Winners; $3M in GloveBox; Hippo’s Claims Partners; AXIS-Elpha Cyber Service
Mar 22 2021 // The Winners Are InsurTech NY announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference on March 10. The winners received prizes worth $200K in total. Winners were selected by...
