Latest New York Headlines

All the headlines from our New York Topic Page, ordered by recency.

Heavy Rains Swamp Northeast Again; Floods Claims 5 Lives; Others, Including 2 Children, Missing

Jul 17 2023 // Heavy rains pounded an already saturated Northeast on Sunday for the second time in a week, spurring another round of flash flooding, cancelled airline flights and power outages. In Pennsylvania, a sudden flash flood late...

Deadly Storms Across US Northeast Bring Floods, Tornado Alerts

Jul 17 2023 // A cluster of severe thunderstorms pounded the US Northeast including New York City on Sunday, unleashing deadly flooding in Pennsylvania, halting operations at several airports, and prompting tornado watches across New...

Declarations

Jul 17 2023 // “If there were aspects of the design or construction of this vessel that were kept from the passengers or it was knowingly operated despite information that it was not suitable for this dive, that would absolutely go...

People & Places

Jul 17 2023 // Guy Carpenter, the reinsurance business of Marsh McLennan, announced the expansion of its Cyber team with a series of appointments and promotions.Matthew McCabe has been appointed managing director of cyber broking. He is...

Business Moves

Jul 17 2023 // World Insurance Associates, Bryant Asset Protection, B. R. Alexander & Co., The Mogil OrganizationInsurance broker World Insurance Associates LLC recently completed three acquisitions in the Northeast U.S. region....

New York Appeals Court Rules Child Victim’s Act Is Constitutional

Jul 14 2023 // A New York state appellate court has upheld the constitutionality of the Child Victims Act (CVA) which granted a one year extension of the state’s statute of limitations for victims of childhood sexual abuse to bring...

New York Yankee Uniform Sleeve Gets the Starr Treatment

Jul 14 2023 // On July 21, when the New York Yankees open their first homestand after the All Star break, the players’ famous uniforms will look a bit different. They will sport a Starr Insurance logo on the sleeve.The...

Founder of Crypto Lender Celsius Network Arrested, Charged With Fraud

Jul 13 2023 // Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a U.S. prosecutor in New York said Thursday, while three federal regulatory agencies sued...

Vermont Residents, Businesses Turn to Recovery From Flooding Amid Mud, Debris

Jul 13 2023 // Floodwaters receded in Vermont cities and towns pummeled by a storm that delivered two months of rain in two days, allowing officials to focus on recovering from a disaster that trapped residents in homes, closed roadways...

Rain Eases After Flooding Vermont, Other Northeast States But More Expected

Jul 12 2023 // A storm that left up to two months` worth of rain in Vermont and saturated other parts of the Northeast was moving out Tuesday, but more flooding was expected after already cutting off access to some communities, including...

AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources

Jul 12 2023 // One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter.French...

Flash Floods Rage in Vermont, New York; Woman Killed; Economic Impact Could Hit $5B

Jul 11 2023 // Torrential downpours unleashed flash floods on the U.S. Northeast on Monday that washed out roadways, overwhelmed rivers, prompted 50 swift boat rescues and killed a woman who was swept away in front of her fiancé,...

Slow-Moving Storm Puts New York City, East Coast Under Flood Threat

Jul 10 2023 // New York City and the eastern US braced Sunday for severe thunderstorms as a creeping weather front drags across the region and raises the risk of flooding from Vermont to North Carolina.The slow-moving line of showers was...

Judge Delays Minimum Wage Hike for New York City App Drivers

Jul 10 2023 // A judge Friday ordered New York City to temporarily delay new minimum pay standards for app-based food delivery workers, a day after being sued by Uber Eats, DoorDash and Grubhub.City officials recently announced plans to...

People & Places

Jul 3 2023 // Global reinsurance broker Gallagher Re appointed Linda Johnson vice chairperson for its North American team.Johnson will be responsible for producing new business for large casualty and structured reinsurance solutions...

Tiffany’s New York City’s Flagship Store Escapes Damage From Nearby Fire

Jun 30 2023 // Smoke that billowed outside Tiffany & Co.’s New York flagship location on Thursday morning was from a transformer that caught fire underneath the sidewalk, according to the city’s fire department.The smoke...

Travelers Must Pay $2M for Yacht Lost in Irma: Florida Law Bars ‘Technicality’ Denials

Jun 28 2023 // Travelers must pay a $2 million claim by the owner of a 92-foot-long yacht that was sunk by Hurricane Irma because Florida law does not allow insurers to deny claims based on inconsequential technicalities.A panel of the...

New York City Gets $25M for E-Bike Charging Stations to Prevent Battery Fires

Jun 28 2023 // After a series of fires involving faulty e-bike batteries including a recent blaze that claimed four lives, New York City officials announced Sunday that they are receiving a $25 million emergency grant from the federal...

Credit Ratings for New York Schools Insurance Reciprocal Downgraded

Jun 28 2023 // AM Best has downgraded the Financial Strength Rating to A-(Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of New York...

New York City Seeks Public Help With E-Bike Crackdown After Deadly Fires

Jun 27 2023 // New York City officials called on the public to help with a crackdown on unsafe e-bike shops after a spate of deadly fires caused by lithium ion batteries, the latest of which killed four people in Manhattan’s...