Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
How Workers’ Compensation Outpatient Costs Compare Across States by Fee Regulation
Jun 29 2018 // Hospital outpatient payments were higher and growing faster in states with percent-of-charge-based fee regulations or no fee schedules, finds a study from the Workers Compensation Research Institute (WCRI) that compares 35...
States Agree Not to Fine Equifax Over Data Breach
Jun 28 2018 // Equifax Inc. on Wednesday avoided fines in a deal with eight states’ banking regulators over a data breach that compromised sensitive data of more than 145 million people, as the credit reporting agency agreed to...
Two Workers Killed By Falling Countertop Slabs in New York
Jun 27 2018 // Two workers have been killed by 800-pound slabs of countertop material that fell on them while being unloaded from a trailer in New York. The Niagara County sheriff’s office in New York says it appears 11 slabs of...
States’ Adjuster Licensing Requirements Come Under Scrutiny
Jun 25 2018 // It’s time for reciprocity across states in insurance adjuster licensing, according to a new report. The study by the Pacific Research Institute into state licensing requirements,“Breaking Down Barriers,”...
Federal Judge Rules Against Consumer Financial Bureau Structure
Jun 22 2018 // A federal judge in New York ruled on Thursday that the structure of the U.S. Consumer Financial Protection Bureau is unconstitutional, forbidding the agency from suing a company that advances money to people awaiting...
Postmates Wins New York Ruling Finding Couriers Not Employees
Jun 22 2018 // Postmates Inc.’s couriers aren’t employees, a New York state appeals court ruled in a decision that will fuel debate about the status of workers in the gig economy. The appeals court panel in a 3-2 decision on...
8 Passengers Sue Southwest Airlines, Manufacturers Over Engine Blowout
Jun 22 2018 // Eight passengers have sued Southwest Airlines Co. over a catastrophic engine blowout in April that killed a passenger and injured several others. The plaintiffs, eight passengers from Flight 1380 on April 17 and one...
Sea Level Rise Puts $117.5B at Risk from Chronic Flooding
Jun 21 2018 // Those interested in risk management are starting to take climate change a bit more seriously. The evidence is anecdotal, but for that proof one can just ask Phil Renaud, executive director for the Risk Institute at Ohio...
Exxon Still Isn’t Complying With Climate Subpoenas, New York Says
Jun 21 2018 // Exxon Mobil Corp. is refusing to turn over documents crucial to New York’s investigation into whether the oil giant’s public statements about climate change misled investors, the state’s top lawyer...
Opioid Makers Endure Setback as Judge Lets New York Lawsuit Proceed
Jun 20 2018 // Purdue Pharma LP, Johnson & Johnson and other opioid makers faced one of the first extensive reviews of their legal defenses to claims they violated consumer-protection laws and created a public nuisance with the sale...
Chubb Insists No Insurance for Weinstein, Who Wants Jury to Settle Coverage Issues
Jun 19 2018 // Hollywood movie mogul Harvey Weinstein is asking that a jury decide whether his insurer must defend him against 14 lawsuits accusing him of sexually harassing and assaulting women over several decades. Weinstein contends...
Fujifilm Sues Xerox for Failed Merger, Citing Lack of ‘Shareholder Democracy’
Jun 19 2018 // Fujifilm Holdings Corp. sued Xerox Corp. on Monday for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed...
Business Moves
Jun 18 2018 // Kemper, Infinity Kemper Corp. and Infinity Property and Casualty Corp. reported that the companies’ respective shareholders approved proposals related to the agreement announced in February under which Kemper will...
Report Says Record Number of Data Breach Notices Filed in New York in 2017
Jun 18 2018 // The New York Attorney General’s Office (NYAG) this year released a report outlining a record number of data breach notices filed with the office in 2017 – the highest since NYAG started receiving data breach...
Wholesale Trading Insurance Services Hires Megenis in New York
Jun 15 2018 // Wholesale Trading Insurance Services LLC (WTIS) has hired Alex Megenis as a vice president and property and casualty broker in New York. Megenis most recently was a broker at Risk Placement Services, where he worked for...
MAPFRE Insurance Set to Exit New York, New Jersey Markets
Jun 15 2018 // MAPFRE Insurance has entered into definitive agreements with affiliates of The Plymouth Rock Company to exit the states of New York and New Jersey as part of MAPFRE’s previously announced strategy to focus on its...
Oil Companies Ask to Throw Out New York’s Climate Change Lawsuit
Jun 15 2018 // A group of the world’s biggest oil companies asked a judge to throw out New York City’s lawsuit seeking to hold them responsible for costs related to climate change. ConocoPhillips, Exxon Mobil Corp. and...
Arthur J. Gallagher & Co. Announces Acquisition of New York’s H.R. Keller & Co.
Jun 13 2018 // Arthur J. Gallagher & Co. has announced the acquisition of Buffalo, N.Y.-based H.R. Keller & Co. Inc. Terms of the transaction were not disclosed. H.R. Keller & Co. Inc.’s Eric Keller, Andrew Coric and...
New York Top Court Narrows Martin Act in $11B Credit Suisse Case
Jun 13 2018 // New York’s highest court on Tuesday curbed the state attorney general’s ability to fight fraud on Wall Street, awarding a victory to Credit Suisse Group AG as it tries to end an $11 billion lawsuit over risky...
New York’s AmTrust Appoints Hickey as Group Chief Underwriting Officer
Jun 12 2018 // AmTrust Financial Services Inc., a multinational insurance holding company headquartered in New York City, has named J. Daniel Hickey as group chief underwriting officer. Hickey is based at AmTrust’s New York City...
