Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York’s Preferred Mutual Insurance Company Appoints Two to Board of Directors
May 7 2020 // Preferred Mutual Insurance Company has appointed two new members to the company’s board of directors. Joining the board are Heidi Hoeller, retired partner at PricewaterhouseCoopers (PwC), and Dr. Michael Hayduk,...
Governor Cuomo Announces Phased Reopening Plan for New York Businesses
May 5 2020 // New York Governor Andrew Cuomo has announced a reopening plan for New York businesses that includes four phases, each allowing businesses in select industries to open their doors. Businesses that are considered more...
Insurers’ Loss Estimates Linked to Coronavirus Range Widely: Analysis
May 5 2020 // Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment...
Declarations
May 4 2020 // Committed to Transparency “DFS is committed to ensuring that the New York insurance market is transparent and that consumers receive the disclosures they need to make the best purchasing decisions for...
Updated: Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis
May 1 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most...
States Under Pressure to Lift Coronavirus Restrictions as Unemployment Grows
May 1 2020 // As White House economic reopening guidance expired on Thursday after two weeks in place, half of all U.S. states forged ahead with easing restrictions on restaurants, retail and other businesses in hopes of reviving...
CFC Appoints Groeber as Executive Vice President in New York
Apr 30 2020 // CFC, a specialist insurance provider in emerging risk, has appointed Shannon Groeber to the newly created role of executive vice president. Working from CFC’s office in New York, Groeber will be responsible for...
NYC Comptroller Urges Major Insurance Companies to Cut Ties with Coal Industry
Apr 30 2020 // New York City Comptroller Scott M. Stringer has called on three multi-national insurance companies to end business ties with the coal industry, a move he says will protect clients from the effects of climate change and...
Court Nixes $64M Award Against Fireman’s Fund in Reinsurance Spat with Utica Mutual
Apr 30 2020 // A federal appellate court on Tuesday overturned a jury’s award of $64 million against Fireman’s Fund Insurance Co. for allegedly breaching the terms of a reinsurance agreement. The 2nd Circuit Court of Appeals...
Recovered from COVID-19, Wary First Responders Back on Job
Apr 29 2020 // The new coronavirus doesn’t care about a blue uniform or a shiny badge. Police, firefighters, paramedics and corrections officers are just a 911 call away from contracting COVID-19 and spreading it. With N95 masks...
New York AG Raises Concerns About Amazon’s Pandemic Safety Practices
Apr 29 2020 // Amazon.com Inc may have violated safety measures and labor practices amid the coronavirus pandemic as it fired a warehouse protest leader last month, New York Attorney General Letitia James’s office wrote in a letter...
Worldwide Facilities Hires Caplan as an Assistant Vice President in New York
Apr 27 2020 // Worldwide Facilities, a national wholesale insurance broker, managing general agent and program underwriter, has hired Frank Caplan as an assistant vice president in the New York office. Frank has nearly 20 years of...
Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis
Apr 24 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most...
New York Charges Mallinckrodt with Insurance Fraud Over Opioid Claims
Apr 23 2020 // New York state brought civil charges on Tuesday accusing Mallinckrodt Plc of insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, leading to medically unnecessary prescriptions. Governor Andrew...
How COVID-19 Impacts the Surplus Lines Insurance Industry
Apr 22 2020 // COVID-19 has majorly disrupted the global economy, and while many business sectors are subjected to temporary shutdowns or bare minimum operations, the insurance industry is racing forward while confronting unprecedented...
Latest Class Actions Over Business Interruption Target 6 Insurers
Apr 21 2020 // A Minnesota dentist, an Ohio bridal shop and a New York pizzeria are among six small businesses that are the latest to sue insurers seeking compensation for business interruption claims due to the coronavirus crisis. The...
New York Nurses Sue State and Two Hospitals Over ‘Inadequate’ Virus Protection
Apr 21 2020 // The New York State Nurses Association sued the state and two hospitals on Monday to force them to provide equipment and adopt safety measures to prevent the spread of COVID-19 among the association’s members in the...
People & Places
Apr 20 2020 // National Garrett Hanrahan Insurance broker Marsh announced the appointment of Garrett Hanrahan as global head of Aviation with Marsh JLT Specialty. Hanrahan is succeeding Simon Harker, who is retiring after 44 years in the...
4 Ways COVID-19 Will Change Cannabis and Insurance
Apr 20 2020 // One may not need to be able to read the cannabis leaves to divine the impact of the COVID-19 pandemic on cannabis and insurance. Some good guesses from any insurance professional with their foot in the door of a...
New York’s NYCM Insurance Announces Credit to Auto Policyholders
Apr 17 2020 // NYCM Insurance will be issuing a credit to its approximately 230,000 auto policyholders. All auto policyholders as of April 30, 2020, will receive a 15% credit back from their April and May premiums. Customers will not...
