Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York’s PIA Management Services Hires Lachut
Apr 20 2018 // PIA Management Services Inc. has hired Bradford J. Lachut as director of Government and Industry Affairs for the five PIA state affiliates managed by the Glenmont, N.Y.-based group. Lachut previously served as PIA’s...
New York City Council Passes Workplace Anti-Harassment Bills
Apr 19 2018 // The New York City Council has passed 11 bills designed to strengthen workplace sexual harassment protections. According to The Wall Street Journal, Democratic Council Speaker Corey Johnson says the legislation is designed...
Open-Door Helicopter Flights Banned From Taking Off From New York City
Apr 19 2018 // New York City is officially banning open-door helicopter flights from taking off within the five boroughs in the wake of last month’s deadly copter crash. The Daily News reports the Economic Development Corporation...
New York Workers’ Comp Board Proposes Improvements in Care for Injured Workers
Apr 18 2018 // The New York State Workers’ Compensation Board (the Board) has proposed improvements in medical care for injured workers. Its proposal includes an increase in medical reimbursement to providers who treat...
DFW Capital Partners Becomes Majority Owner of New York’s ReSource Pro
Apr 18 2018 // DFW Capital Partners, a 35-year-old private equity firm based in New Jersey, has completed an investment in ReSource Pro, becoming the company’s majority owner. ReSource Pro, a New York-based provider of operations...
Southwest Fatality First for a U.S. Airline in 9 Years
Apr 17 2018 // One passenger was killed when an engine blew out on a Southwest Airlines Co. jetliner carrying 149 people, marking the first fatality on a U.S.-registered airline in more than nine years. The plane, bound for Dallas from...
Small Businesses Hampered by Uninsured Damage After 2017 Hurricanes: Fed Reserve
Apr 17 2018 // Small businesses in the United States struggled with uninsured damages and lost revenue following a record-breaking year of hurricanes and wildfires, according to a Federal Reserve survey published on Tuesday. The report...
Plymouth Rock Assurance Entering N.Y. Insurance Market With Latest Acquisition
Apr 17 2018 // Plymouth Rock Assurance Corporation (PRAC) is entering the New York insurance market with its acquisition of 21st Century National Insurance Company (National). PRAC previously brought its insurance portfolio to...
Surplus Lines: Insurtech and Technological Opportunities, Challenges
Apr 16 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...
New York Court Affirms Gas Company on the Hook for Environmental Cleanup Costs
Apr 16 2018 // The New York Court of Appeals has ruled that KeySpan Gas East Corporation is responsible for costs to clean up environmental contamination caused by manufactured gas plants owned by its predecessor during years when there...
Progressive The Latest to Comply With New York Auto Insurance Rate Regulation
Apr 16 2018 // A fourth major auto insurance company in New York has reached a compliance agreement with the New York Department of Financial Services (DFS) regarding DFS’ final regulation against discriminatory auto insurance...
New York DFS Urges Insurers to Encourage the Use of Commercial GPS
Apr 13 2018 // The New York Department of Financial Services (DFS) has advised its regulated insurers to encourage policyholders that investing in commercial global positioning system (GPS) equipment could reduce motor vehicle collisions...
Climate Change Act: Commit New York to Being Powered by 100% Renewables
Apr 12 2018 // Allianz says it’s further integrating ecological and social responsibility into its core business. The insurance giant, which is already known for its sustainable bent, this week issued a 2017 Sustainability Report...
Alliant Insurance Services Enters Agreement to Acquire New York’s Crystal & Company
Apr 12 2018 // Alliant Insurance Services, a Newport Beach, Calif.-headquartered specialty insurance brokerage firm, has entered into a definitive agreement to acquire New York-based Crystal & Company. Pursuant to the agreement, the...
Troubled Chinese Insurer Anbang Interviews Banks About Asset Divestments: Sources
Apr 12 2018 // Anbang Insurance Group Co., the troubled Chinese insurer seized by the government, is interviewing investment banks to advise on potential asset divestments, people with knowledge of the matter said. The once-acquisitive...
Police: GPS Failed to Warn Bus Driver Before New York Overpass Crash
Apr 11 2018 // The out-of-state driver of a charter bus full of high school students that crashed into a low-hanging overpass on a Long Island parkway was using a non-commercial GPS device that didn’t warn him about the hazard in...
New York’s Kaufman Dolowich & Voluck Adds Three D&O Liability Partners
Apr 5 2018 // Kaufman Dolowich & Voluck LLP (KDV), a national law firm headquartered in Woodbury, N.Y., is expanding its Insurance Coverage & Litigation Practice with the addition of three directors and officers liability...
Late Broker’s Estate Sues JPMorgan Claiming Wrongful Death
Apr 2 2018 // The estate of a deceased broker filed a wrongful death lawsuit against JPMorgan Chase & Co., saying he took his life after becoming despondent because he was forced to retire. Michael A. Lorig suffered from depression...
Progressive is the Latest to Comply with New York Auto Insurance Rate Regulation
Apr 2 2018 // A fourth major auto insurance company in New York has reached a compliance agreement with the New York Department of Financial Services (DFS) regarding DFS’ final regulation against discriminatory auto insurance...
USI Insurance Services to Acquire New York’s Key Insurance & Benefits Services
Apr 2 2018 // KeyBank has entered into a definitive agreement to sell Key Insurance & Benefits Services Inc. to USI Insurance Services (USI). KeyBank acquired Key Insurance & Benefits Services Inc. as part of its 2016 merger...
