Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Lloyd’s Underwriters Agree to Settle Charges Related to NRA-Branded Insurance
Dec 21 2018 // In a December 20 consent order, 10 Lloyd’s of London underwriters have entered into an agreement to pay $5 million to the New York State Department of Financial Services (DFS) for underwriting fire arms liability...
Judge Blocks New York from Enforcing Opioid Surcharge on Companies
Dec 21 2018 // A Manhattan federal judge blocked New York state from enforcing a recently enacted law that aimed to collect $600 million from drug manufacturers and distributors to defray the costs of combating the opioid addiction...
Vullo to Step Down as New York Insurance Regulator; Gov. Cuomo Weighs Successor
Dec 20 2018 // Maria Vullo is stepping down as head of New York’s banking and insurance regulator, she said in an interview, after three years in which she created a national model for cybersecurity regulations at banks and fought...
Alliant Hires Callahan as Senior Vice President in New York
Dec 19 2018 // Alliant has hired William Callahan as senior vice president. In this role, the New York-based insurance veteran will provide a range of insurance and risk management services to a portfolio of clients. Callahan has 30...
Ryan Specialty Group Acquires New York’s Superior Payment Plan
Dec 19 2018 // Ryan Specialty Group LLC (RSG) has acquired the assets and operations of Superior Payment Plan LLC, a premium finance company based in Depew, N.Y. Terms of the agreement were not shared. Following the transaction,...
J&J Launches Defense Against Reuters Report on Baby Powder Asbestos
Dec 18 2018 // Johnson & Johnson on Monday scrambled to contain fallout from a Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder, taking out full-page newspaper...
IICF Raises Nearly $1.3M for N.Y. Nonprofits, Honors HUB International Limited
Dec 17 2018 // The Insurance Industry Charitable Foundation (IICF) has announced that nearly $1.3 million was raised on Wednesday, December 12, at its 12th annual Northeast Benefit Dinner to fund the IICF Northeast Division’s...
People
Dec 17 2018 // Frenkel & Company – an EPIC Company has hired risk management and insurance professional Michael Power as a principal. Power will be based in Frenkel’s New York, N.Y., office and report to Phil Remig, the...
New York Contractor Convicted of Hiring Hit Men for Killing
Dec 14 2018 // A Schenectady, N.Y., contractor has been convicted of first-degree murder in a scheme to kill a man for life insurance money. A jury convicted 54-year-old Tarchand Lall on Wednesday for hiring hit men from Delaware to kill...
Schumer Says Farm Bill Will Help New York Dairy Farmers
Dec 14 2018 // Sen. Chuck Schumer says the sweeping farm bill approved by Congress will help New York dairy farmers. The Senate’s Democratic leader says the bill invests $100 million in the federal dairy insurance program to help...
New York Lawmakers Pledge to Change Laws That Enable Predatory Lending
Dec 13 2018 // New York legislators are pledging to change laws that have allowed predatory lenders to use the state court system to seize the assets of thousands of small businesses across the country. Brad Hoylman, incoming chairman of...
New York’s SterlingRisk Insurance Hires DelPrete
Dec 11 2018 // SterlingRisk Insurance, a Woodbury, N.Y.-based, independently owned insurance brokerage, has hired Geraldine DelPrete as director of programs and senior vice president. DelPrete brings more than 25 years of experience to...
New York Said to Open Investigation into Potential Small-Business Lending Abuse
Dec 7 2018 // New York’s attorney general has opened an investigation into potential abuses by finance firms that offer quick money to small businesses nationwide, according to a person familiar with the probe. Attorney General...
Manhattan Man Convicted in Two Identity Theft Schemes
Dec 7 2018 // A Manhattan man has been convicted of engaging in two separate identity theft schemes between 2013 and 2014 and has been sentenced to seven-and-a-half to 15 years in state prison. An investigation by New York Attorney...
Man Sentenced for New York Vacation Rental Home Scam
Dec 7 2018 // An upstate New York man has been sentenced to three years in prison and ordered to pay back more than $100,000 he bilked out of people in a vacation home rental scam. Federal prosecutors say 58-year-old Henry Dean III, of...
Woman Who Says She Was Taped in New York Hotel Shower Sues for $100M
Dec 6 2018 // A woman who claims hidden-camera footage of her in a hotel shower was posted on a dozen pornographic web sites by someone who tried to extort her filed a $100 million lawsuit. The Chicago resident, identified only as Jane...
People
Dec 3 2018 // Rogers & Gray Insurance, a Kingston, Mass.-based independent insurance agency, has hired Ryan Brown to its management team. Brown joins the agency from Safeco, a Liberty Mutual Company, where he was the senior...
N.Y. Man Charged With More Than $15K in Workers’ Comp Fraud
Dec 3 2018 // A New York man has been arrested on charges that he defrauded the workers’ compensation system by claiming he was out of work due to an injury while continuing to work at his family business. Jeffrey Smalt of Bath,...
Big I New York Appoints Hobson as Director of Government Relations
Nov 27 2018 // Big I New York, the state’s oldest insurance producer trade organization, has appointed Scott W. Hobson as its director of government relations. In this role, Hobson is responsible for developing and advancing Big I...
Lawsuit Filed Against Operators of Limo in Fatal New York Crash
Nov 26 2018 // The operators of a limousine that crashed and killed 20 people in upstate New York were grossly negligent in putting the “dangerous and defective” vehicle on the road, according to a lawsuit filed by one of the...
