Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
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...
Firefighter Trainee Dies After Being Stricken in Upstate New York
Mar 17 2021 // A 21-year-old man who suffered a medical emergency during firefighter training in upstate New York died nine days after being stricken. Peyton Morse died at Guthrie Hospital in Sayre, Penn., according to fire officials. He...
New York Regulator to Collect, Publish Insurer Diversity Data to Promote Transparency
Mar 16 2021 // The New York State Department of Financial Services (DFS) is calling on its regulated insurers to prioritize diversity of leadership and says it will begin collecting and publishing diversity data from insurers this year...
New York Suit Against EPA Over GE’s Hudson River Cleanup Dismissed
Mar 16 2021 // A federal judge on Thursday dismissed a lawsuit from New York state against the federal Environmental Protection Agency over its 2019 decision that General Electric had completed a Hudson River dredging remediation...
New York Issues Letter to Regulated Entities Regarding Microsoft Exchange Breach
Mar 12 2021 // The New York Department of Financial Services’ (DFS) Cybersecurity Division issued a March 9 letter to regulated entities regarding the recent Microsoft Exchange breach in which thousands of organizations were...
Settlement Reached in New York Teen Athlete’s Training Drill Death
Mar 9 2021 // The mother of a high school football player who died in New York after a 400-pound log fell on him during a military-style training drill has settled her lawsuit over the teen’s death for a seven-figure sum,...
New York Regulator Issues Guidance for Insurers Writing Cyber Policies in the State
Mar 8 2021 // The New York State Department of Financial Services (DFS) has issued new guidance for New York-regulated property/casualty insurers that write cyber insurance. This serves as the first guidance the regulator has issued on...
One80 Intermediaries Acquires New York’s Edward E. Hall and Company
Feb 26 2021 // One80 Intermediaries has acquired Edward E. Hall and Company (EE Hall). Terms of the deal were not disclosed. One80 is a national wholesale broker, program manager, third-party administrator (TPA), warranty and...
New Members Appointed to New York State Insurance Advisory Board
Feb 24 2021 // The New York State Department of Financial Services (DFS) has appointed members to serve a three-year term on the New York State Insurance Advisory Board. Members of the board include representatives of the insurance...
