Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
More Younger Workers Think Economy Is Hurt by Older Workers Not Retiring
Jun 10 2019 // A rising share of older Americans is forgoing the concept of a traditional retirement at the age of 65, a trend that some younger workers aren’t particularly thrilled to see. A recent poll by The Associated...
New York’s Preferred Mutual Names Sander Executive VP of Insurance Operations
Jun 6 2019 // Preferred Mutual Insurance Company has named Benedikt Sander as executive vice president of Insurance Operations. In this role, Sander will be responsible for driving results for Insurance Operations with a focus on...
Companies See New York as Scooter Haven; NYC Says Not So Fast
Jun 6 2019 // Four companies – Uber Technologies Inc., Lyft Inc., Bird Rides Inc. and Lime – are aggressively lobbying in New York to legalize electric scooters, considered both perilous play-rides of the well-off and one of...
Judge Restrains 3 Former Guy Carpenter Execs Who Moved to Lockton Global Re
May 31 2019 // A federal judge in New York has granted reinsurance broker Guy Carpenter’s request for a temporary restraining order against three former executives who moved to competitor Lockton in March. The TRO blocks the three...
Texas, Louisiana Among States Most at Risk for Storm Surge, CoreLogic Says
May 31 2019 // Some 7.3 million U.S. homes with an estimated reconstruction cost of $1.8 trillion are at risk from storm surge, Irvine, California-based data analytics provider CoreLogic said in its 2019 Storm Surge Report, issued days...
Three Convicted in New York City Fake Accident Fraud Scheme
May 30 2019 // Three men have been convicted in a trip-and-fall scheme that recruited low-income people and the homeless to defraud New York City-area businesses and their insurance companies. Prosecutors say a federal jury in Manhattan...
7 U.S. Exchanges Face Investors’ Claims for Favoring High Frequency Traders
May 30 2019 // A Manhattan federal judge has ordered seven U.S. stock exchanges to face proposed class-action claims that they defrauded ordinary investors by quietly enabling high-frequency traders to trade faster and at better...
New York Reclaims Top Financial Center Title from London
May 28 2019 // New York once again has bragging rights as the world’s leading financial center, having reclaimed the title from London where Brexit continues to cast a shadow of uncertainty over the UK economy. However, the Big...
Alibaba Plans $20B Listing in Hong Kong to Boost Technology Investments: Sources
May 28 2019 // Alibaba is considering raising as much as $20 billion through a listing in Hong Kong, people familiar with the matter told Reuters, lining up a second blockbuster deal following its 2014 record $25 billion float in New...
Big I New York Elects Cofini as Board Chair
May 24 2019 // Big I New York, the state’s independent insurance producer trade association, has elected John Cofini as its chair of the board for the 2019-2020 term. Cofini was sworn in during a May 21 ceremony at Big I New...
Report Says Many New York City Uber, Lyft Drivers Fail to Respond to Recalls
May 23 2019 // One out of six Uber and Lyft drivers in the New York City and Seattle areas are driving vehicles with outstanding recalls, according to Consumer Reports. But taking a taxi or limousine isn’t necessarily a safer...
Johnson & Johnson Hit with $25 Million Talc Verdict; Also Cleared by Another Jury
May 22 2019 // Johnson & Johnson was ordered to pay at least $25 million to a woman who said she contracted a rare asbestos-related cancer through decades of daily use of J&J’s Baby Powder or its other talc product, Shower...
New York Firefighters Seek Insurance Payments for Ambulance Funding
May 21 2019 // Firefighters from around New York state are asking state lawmakers to change the law so fire departments can recoup the cost of emergency medical calls from patient insurance plans. Under current law, volunteer ambulance...
Kaufman Dolowich & Voluck Hires Stroili in New York City
May 21 2019 // Kaufman Dolowich & Voluck LLP (KDV), a national law firm, has hired Peter A. Stroili as an insurance coverage partner in its New York City office. Stroili has 30 years of experience in insurance coverage, professional...
Business Moves
May 20 2019 // National Ryan Specialty Group, Atlantic Specialty Lines Ryan Specialty Group has agreed to acquire the assets and operations of Atlantic Specialty Lines, Inc. (ASL), a privately owned wholesale insurance brokerage...
Louisiana Supreme Court: No Prohibition Against Forum Selection Clause in Commercial Property Policy
May 20 2019 // The Louisiana Supreme Court has determined that state law does not expressly prohibit a clause in a commercial property insurance policy that specifies that any coverage dispute ending up in litigation must be heard in a...
Prosecutor Says Limo Company Operator Knew of Vehicle Problems in New York Crash
May 17 2019 // Prosecutors say the limousine company operator charged in connection with an upstate New York crash that killed 20 people was aware of prior passenger complaints about the ill-fated vehicle and had even refunded fares. In...
Louisiana Court: Law Doesn’t Prohibit Forum Selection Clause in Commercial Policy
May 17 2019 // The Louisiana Supreme Court has determined that state law does not expressly prohibit a clause in a commercial property insurance policy that specifies that any coverage dispute ending up in litigation must be heard in a...
CorRisk Solutions Hires Belvedere to Professional Liability Team in New York
May 15 2019 // CorRisk Solutions has hired Donna A. Belvedere to lead its professional liability team. In this role, Belvedere will be based at CorRisk Solutions’ headquarters in Melville, N.Y. She joins CorRisk with more than...
Worker Critically Hurt in Shaftway Fall at New York City Building Site
May 13 2019 // Officials say a construction worker tumbled down a roughly 10-foot shaftway at a Brooklyn building site and is hospitalized with critical injuries. He fell around 9 a.m. Friday at a property where a three-story apartment...
