Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Capital One Investors Wary of Reputational Impact of Data Breach
Jul 31 2019 // Capital One Financial Corp.’s assurances that a major data breach would have a limited impact on customers or profit failed to convince investors on Tuesday, with the bank’s shares closing down 5.9%. Capital...
A Year after GDPR, How Can U.S. Insurers Prepare for Data Privacy Regs Closer to Home?
Jul 30 2019 // More than a year after the European Union implemented its General Data Protection Regulation (GDPR), U.S. insurers are examining what they can learn as they prepare for the implementation of similar data privacy laws in...
Big I New York Welcomes Lombardo as AVP of Learning and Development
Jul 30 2019 // Big I New York has welcomed Jim Lombardo as the association’s AVP of Learning and Development. Lombardo will be responsible for expanding the association’s education and research offerings to meet the needs and...
Documents: Hospital Paid $6M to Armstrong Family in Wrongful Death Suit
Jul 25 2019 // An Ohio hospital paid the estate of astronaut Neil Armstrong $6 million in a confidential agreement to settle allegations that post-surgical complications led to Armstrong’s 2012 death, according to court documents...
Northeast Insurer Kingstone to Exit Commercial Liability Lines
Jul 25 2019 // Kingstone Companies Inc., a Northeast regional property and casualty insurance holding company, has announced that its wholly owned subsidiary, Kingstone Insurance Company (KICO), has decided to no longer underwrite...
Congress Passes Sept. 11 Victims Compensation Fund
Jul 24 2019 // The U.S. Senate voted to replenish a fund that provides lifelong medical help and other compensation for firefighters, police officers and other first responders affected by the Sept. 11 terrorist attacks, sending the...
Safety Rules Proposed After Child Dies in Grease Trap at New York Restaurant
Jul 22 2019 // The death of a 3-year-old boy in a restaurant’s underground grease collection tank has prompted two state lawmakers to draft new safety legislation. Police say the child fell through an unsecured plastic cover over a...
U.S. Criminally Charges Ohio Opioid Distributor with Profiting from Epidemic
Jul 22 2019 // An Ohio drug wholesale distributor and two former executives on Thursday were charged with profiting from the U.S. opioid epidemic by selling millions of pills despite signs the addictive drugs were being misused. Federal...
Berkshire Hathaway’s Applied Underwriters Settles Workers’ Comp Dispute with New York
Jul 19 2019 // Berkshire Hathaway subsidiary Applied Underwriters will voluntarily halt the selling of a reinsurance-based, loss-sensitive workers’ compensation product in New York under an agreement with the state regulator who...
Investigation Indicates Widespread Fraud in the New York City Towing Industry
Jul 19 2019 // New York City Department of Consumer and Worker Protection (DCWP) Commissioner Lorelei Salas has announced an investigation into the tow truck industry that suggests widespread insurance and workers’ compensation...
Risk Placement Services Expands Lawyers Liability Program to New York, Texas
Jul 19 2019 // Rolling Meadows, Illinois-based Risk Placement Services (RPS) has expanded its exclusive admitted lawyers professional liability program into New York and Texas, states considered to have the largest number of attorneys in...
Associated Mutual Insurance Cooperative of New York Hires Scannell
Jul 16 2019 // Associated Mutual Insurance Cooperative of New York has hired Edward W. Scannell III as vice president of Underwriting. Scannell has more than 35 years of experience in the property and casualty industry as an underwriter,...
ConEd Faces Heat After Times Square Goes Dark
Jul 15 2019 // It lasted all of five hours – and hit just the spot on New York’s power system to take out the lights in Times Square, force the evacuation of Madison Square Garden in the middle of a Jennifer Lopez concert and...
Alera Group Acquires New York’s Austin & Co.
Jul 12 2019 // Alera Group, a national insurance firm, has acquired Austin & Co. Inc., effective July 1, 2019. The firm expands Alera Group’s employee benefits and property and casualty expertise. Austin & Co., located in...
Aon Promotes Ronda to President of U.S. Reinsurance
Jul 12 2019 // Global broker Aon has promoted Aon veteran Tim Ronda to president of its U.S. Reinsurance Solutions business. He is based in New York. As president, he succeeds George deMenocal, CEO of U.S. Reinsurance Solutions, who has...
New York-Based Broker NFP Buys Toronto’s McLean Hallmark Insurance Group
Jul 12 2019 // New York City-based insurance broker and consultant NFP announced it has acquired Canadian broker McLean Hallmark Insurance Group Ltd. Financial details of the transaction, which closed on July 2, were not disclosed. Based...
RiverStone Acquires New York’s Rockville Risk Management and ER Quinn Company
Jul 9 2019 // RiverStone has acquired Rockville Risk Management and ER Quinn Company (collectively, Rockville). Rockville is a New York-based, privately-owned third-party administrator and loss adjusting company that provides...
Research Shows Suburban Population Near Natural Gas Storage in 6 States
Jul 9 2019 // About 65% of active natural gas storage (UGS) wells in the United States are located in suburban residential areas and not in more sparsely populated commercial, industrial, or even rural areas like many new unconventional...
New York DFS Superintendent Lacewell Announces New Executive Appointments
Jul 8 2019 // New York Department of Financial Services (DFS) Superintendent Linda A. Lacewell has announced new executive appointments. Steven F. Kluger has been appointed executive deputy superintendent for Capital Markets, James V....
Roman Catholic Archdiocese of New York Sues Insurers Over Future Abuse Claims
Jul 8 2019 // The Roman Catholic Archdiocese of New York has sued more than two dozen insurance companies, seeking to compel them to cover claims filed by people who say they were abused by clerics. Church officials anticipate that...
