All the headlines from our New York Topic Page, ordered by recency.
Apr 4 2017 // Faced with too much trash in one of the world’s biggest – and arguably dirtiest – subway systems, New York transit officials tried an unusual social experiment. They removed garbage bins from 39 out of...
Apr 4 2017 // Cook Maran & Associates (Cook Maran), one of New York and New Jersey’s largest insurance brokers, will acquire Gundermann & Gundermann (Gundermann), a third-generation, family-owned company that’s grown...
Apr 4 2017 // The U.S. Supreme Court on Monday agreed to consider reviving litigation seeking to hold Arab Bank Plc financially liable for militant attacks in Israel and the Palestinian territories that accused the Jordan-based bank of...
Apr 3 2017 // A legal battle between two insurance brokerages over whether a former employee violated noncompete agreements and poached numerous employees is not over yet, but the brokerage bringing the charges has scored key early...
Apr 3 2017 // Private equity firm KKR and Canadian pension fund Caisse de depôt et placement du Quebec (CDPQ) have agreed to buy USI Insurance Services from Onex Corp. in a $4.3 billion deal, including debt.The deal is the latest in a...
Apr 3 2017 // The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies (cyber rules) that went into effect March 1.The cyber rules require insurance and insurance-related...
Mar 31 2017 // Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire substantially all of the assets of LoVullo Associates Inc. (LoVullo), a wholesale insurance brokerage and binding authority operation based in...
Mar 31 2017 // Marsh & McLennan Companies Inc. (MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, has appointed Keith Walsh as chief financial officer of the Company’s...
Mar 30 2017 // A jury in Fresno, Calif. has ruled against Aon Corp. in yet another poaching lawsuit that involves the U.K. brokerage and rival Alliant Insurance Services.The jury rejected every claim by Aon levied against Newport Beach,...
Mar 30 2017 // Exxon Mobil Corp.’s attempt to derail a multistate fraud probe into whether the company fully disclosed to investors the financial risks of climate change was dealt a major blow after a Texas judge moved the case...
Mar 29 2017 // All insurance companies licensed to conduct business in New York State must submit updated disaster response and recovery plans and responses to online questionnaires to the Department of Financial Services (DFS) by June...
Mar 28 2017 // A woman who enrolled in Columbia University partly because she wanted to be part of the emotional debate there over on-campus sexual assaults sued the school Tuesday, saying she was raped twice in her dorm room during her...
Mar 27 2017 // A U.S. appeals court in New York on Friday weighed arguments over whether Uber Technologies Inc. customers gave up their right to sue the company when they registered for its popular taxi hailing service.The case could...
Mar 27 2017 // Saudi Arabia is facing a renewed $6 billion lawsuit by dozens of insurers seeking to hold it responsible for business and property damage caused by the Sept. 11, 2001 attacks.The lawsuit filed late Thursday in the U.S....
Mar 23 2017 // A state contract bridge inspector accused of creating a false safety report for a county bridge has been convicted of a felony.New York Inspector General Catherine Leahy Scott announced Monday that Akram Ahmad of...
Mar 22 2017 // A legal battle between two insurance brokerages over whether a former employee violated non-compete agreements and poached numerous employees is not over yet but the brokerage bringing the charges has scored key early...
Mar 20 2017 // An Albany insurance broker has been sentenced to nine years in prison for a $1 million securities fraud scheme.Lawrence D. Rosenbaum previously pleaded guilty to charges including grand larceny and securities fraud. He...
Mar 20 2017 // Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year.For 2017, experts predict the U.S. economy will continue to expand. “Job growth means higher payroll,...
Mar 20 2017 // As the insurance industry has closely followed developments regarding The New York State Department of Financial Services’ (DFS) cybersecurity regulation, concerns remain in terms of how the final regulation, set to...
Mar 17 2017 // KKR, a global investment firm, and Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, have announced their joint acquisition of USI Insurance Services (USI), a U.S. insurance brokerage...