Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Surgeon Sentenced for Nearly $87K Workers’ Comp Fraud Scheme
Jun 8 2018 // A central New York orthopedic surgeon has been sentenced for running an ongoing scheme that defrauded the workers’ compensation system by nearly $87,000. Dr. Gregory B. Shankman, of Clinton, N.Y., was sentenced in...
New York State Workers’ Compensation Board Proposes New Medical Fee Schedule
Jun 8 2018 // The New York State Workers’ Compensation Board has released a proposed increase in medical reimbursement to providers who treat workers’ compensation patients. The proposed medical fee schedule includes an...
USI Insurance Services Names Beck National Construction Practice Leader in New York
Jun 6 2018 // USI Insurance Services (USI), an insurance brokerage and consulting firm, has named Danette Beck as its National Construction Practice leader. Beck will be responsible for growing USI’s construction practice, which...
Lloyd’s Index Shows $92B at Risk in North American Cities Each Year
Jun 6 2018 // Powered by InsuranceJournal.tv Cities in the U.S. and Canada stand to lose $92.96 billion per year to risks like market crash, cyber attack and flood, an index from Lloyd’s released today shows. Lloyd’s newly...
Plane Carrying Four Crashes Off Coast of New York’s Long Island, Two Bodies Recovered
Jun 5 2018 // A small plane carrying four people crashed off the coast of New York’s Long Island on Saturday, officials said. Two bodies had been recovered from the crash scene about a mile and a half south of East Hampton as of...
Stroock Hires Chung as a Partner in Its New York Office
Jun 4 2018 // Stroock has hired Huhnsik Chung as a partner in the firm’s insurance and reinsurance practice within its New York office. He arrives to the firm from Baker McKenzie, where he chaired the North America Insurance...
Business Moves
Jun 4 2018 // Ascot US, Greyhawk Insurance Ascot US Holding Corp. has acquired Greyhawk Insurance Co. and its subsidiary, Grey-hawk Specialty Insurance Co. Greyhawk is a Colorado domiciled admitted lines insurer that has been in runoff...
AXIS Re Reports Organizational Changes, Market Expansion Plans
May 31 2018 // AXIS Re, the reinsurance segment of AXIS Capital Holdings Limited, has announced organizational changes to improve client service and plans to expand product and market capabilities. AXIS Re will now organize around four...
New York Attorney General Leads Suit Against U.S. Environmental Protection Agency
May 31 2018 // New York Attorney General Barbara D. Underwood, joined by Attorneys General Xavier Becerra of California and Brian Frosh of Maryland, has led a lawsuit against the United States Environmental Protection Agency (EPA) for...
New York Board Proposes 11.7% Decrease in Workers’ Comp Rates
May 30 2018 // The New York Compensation Insurance Rating Board (NYCIRB), a non-governmental rate service organization, has proposed an 11.7% decrease in the overall loss cost level in New York State. The change was proposed in its 2018...
How Airlines Handle Medical Emergencies While in Flight
May 30 2018 // In May 2016, Lewis Christman was flying from Chicago to Rome when he suffered a bout of acute pancreatitis. He curled into a fetal position on the floor. He spent the next seven hours in agony while the plane flew on. The...
Alliant Hires Charles as Senior Vice President in New York
May 24 2018 // Alliant has hired New York-based sports and entertainment insurance specialist Joe Charles as senior vice president. In his new role, he will work to grow the firm’s presence within the entertainment, sports and...
Report Says Record Number of Data Breach Notices Filed in New York in 2017
May 23 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...
The Hilb Group Acquires New York’s Bentson Insurance Group
May 22 2018 // The Hilb Group LLC (THG) has acquired New York–based Bentson Insurance Group. The transaction became effective May 1, 2018. Founded in 1948, Bentson Insurance Group is a full-service property and casualty insurance...
Investigators Probe Cause of New Jersey School Bus Crash That Killed Two
May 21 2018 // First, a scraping sound. Then, chaos and panic as a bus taking a group of fifth-graders on a field trip collided with a dump truck and toppled over on a busy highway, killing a student and a teacher and injuring dozens of...
Big Batteries Could Pose Big Fire Risk for Cities
May 21 2018 // The new era of big batteries has already drawn scrutiny after fiery electric-car crashes across America and Europe. Now, U.S. city planners are worried about the same risk of hard-to-control blazes as these power-storage...
Declarations
May 21 2018 // Insurance Commissioner Obscurity “Without being too cynical, voters aren’t going to hear much about this office. I’m not sure a lot of people know what the insurance commissioner does.” —...
N.Y. Updates Insurance Company Disaster Response, Recovery Plan Requirements
May 21 2018 // The New York Department of Financial Services (DFS) has issued updated disaster response and recovery plan requirements for all insurance companies licensed to conduct business in New York state. It issued these updated...
Age of Insurtechs Poses Unique Challenges for Surplus Lines Insurance Industry
May 17 2018 // Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen “insurtech” blossom from a term to describe the intersection...
Cleanup Underway After Powerful Storms Pound Northeast
May 17 2018 // Residents in the Northeast cleaned up Wednesday, a day after powerful storms pounded the region with torrential rain and marble-sized hail, leaving at least three people dead and more 200,000 homes and businesses without...
