Articles by Claire Ballentine and Laura Nahmias

Update: NYC’s Largest Cab Insurer Ordered to Explore Sale After Losses

New York’s insurance regulator ordered American Transit Insurance Co. to immediately find capital and explore a sale in a damning report laying out its severe financial condition. The report laid out dozens of potential financial improprieties and accounting problems at …

New York Regulator Orders Taxi Insurer to Weigh Sale After Losses

New York’s insurance regulator issued a damning report laying out the severely flawed financial condition of New York’s largest insurer of taxis and for-hire vehicles, as well as dozens of potential financial improprieties and accounting problems, warning that the consequences …

New York City’s Biggest Taxi Insurer Is Insolvent, Risking Transit Meltdown

In an unassuming white and blue office building in Freeport, a few miles into Nassau County, sits the headquarters of American Transit Insurance Co. The 52-year-old, family-owned firm is hardly a household name, but it’s vital to how New Yorkers …

Chipotle to Pay $20 Million to Workers for Unpaid Sick Leave, Scheduling Violations

Chipotle Mexican Grill Inc. agreed to pay $20 million to an estimated 13,000 current and former employees of its restaurants in New York City to settle a claim that the chain repeatedly violated laws governing sick leave and scheduling. The …

Geico $4.5M Insurance Fraud Suit Seeks Documents From New York City Mayoral Aide

New York City Mayor Eric Adams’s chief of staff, Frank Carone, was subpoenaed for documents in a $4.5 million federal civil racketeering lawsuit over alleged fraudulent insurance charges. The subpoena to Carone, who is not a defendant in the suit …