Latest New York Headlines

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

Supreme Court Bans Employment Bias Against Gay, Transgender People

Jun 15 2020 // The U.S. Supreme Court on Monday delivered a watershed victory for LGBT rights, ruling that a landmark federal law forbidding workplace discrimination protects gay and transgender employees.The 6-3 ruling represented the...

The Debate Between Business Owners, Insurers Over Business Interruption Claims Continues

Jun 15 2020 // As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with another business income hurdle due to the civil unrest that has taken place in many U.S. cities...

Business Moves

Jun 15 2020 // Alera Group, Georgetown Insurance ServicesAlera Group, a national employee benefits, property/casualty, retirement services and wealth management firm, has acquired Georgetown Insurance Service Inc. The Georgetown...

New York Charges Drugmaker Endo with Insurance Fraud Over Opioid Claims

Jun 11 2020 // New York state filed civil charges on Wednesday accusing Endo International Plc of insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, adding fuel to the nation’s opioid crisis.Governor...

New York DFS Launches Program to Drive Innovation Post-Pandemic

Jun 10 2020 // The New York State Department of Financial Services (DFS) has launched DFS FastForward, a new program to support innovators seeking to deliver new solutions in financial services, fintech, insurtech and healthtech for New...

New York’s ReSource Pro Hires Jain as Carrier Practice Leader

Jun 10 2020 // ReSource Pro has hired Anuj Jain as its Carrier Practice leader. In this role, Jain will be responsible for developing operational solutions for insurance carriers and accelerating ReSource Pro’s growth in the...

New York’s Williams & Williams Joins AssuredPartners

Jun 9 2020 // Williams & Williams Inc. of Smithtown, N.Y., has joined AssuredPartners. The staff of four, led by Glenn Williams, currently reports $1.2 million in annualized revenues. The partnership will strengthen...

Willis Towers Watson Faces Shareholder Lawsuits in U.S. Over Sale to Aon

Jun 8 2020 // There have been at least three shareholder lawsuits filed over the mega-deal that would have insurance broker Aon acquire rival Willis Towers Watson. The suits allege that Willis and its directors breached their fiduciary...

N.Y. Emergency Reg Requires Insurers to Expedite Claims Related to Civil Unrest

Jun 5 2020 // The New York State Department of Financial Services (DFS) has issued an emergency regulation requiring New York-regulated insurers to accelerate the claims process for businesses and individuals suffering damage as a...

Zaffino, AIG’s No. 2, Fights to Turn Around the House That Hank Greenberg Built

Jun 5 2020 // American International Group Inc.’s Peter Zaffino drew a clear line ahead of his jump to the insurer almost three years ago.“I didn’t want any advice,” Zaffino, AIG’s president, said in a rare...

Businesses Hurt First by Coronavirus Then by Looting Have New Insurance Questions

Jun 5 2020 // Al’s, a sporting-goods store tucked in Wilmington, Delaware’s small shopping district, opened during the Great Depression, weathered World War II and has been able to keep workers on the job during the...

More Americans Traveling Abroad Won’t Leave Home Without Insurance

Jun 4 2020 // In the new reality of COVID-19, some Americans may still be willing to travel abroad – but they’re going to make sure they’re insured up to the hilt.U.S. travel insurers are seeing a surge in demand for...

Did Debate Over Business Income Insurance Just Get More Complicated?

Jun 4 2020 // As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with another business income hurdle due to the civil unrest that has taken place in many U.S. cities...

Amazon Sued Over Warehouses After N.Y. Worker Brings Coronavirus Home

Jun 4 2020 // Amazon.com Inc has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one employee to contract COVID-19, bring it home, and see her cousin die.The...

Insurers Prepare for Claims as East States See Property Damage from Civil Unrest

Jun 4 2020 // Scenes that played out over the past few days in several East region states are serving as a stark reminder for the insurance industry of civil unrest that took place in New York and other U.S. states more than 50 years...

Chaos and Destruction as New York City Protest Turns Violent

Jun 1 2020 // An initially peaceful demonstration in New York City over the death of George Floyd, a black man killed by police in Minnesota, spiraled into chaos as night fell Friday, as protesters skirmished with police officers,...

Investors, Bondholders Sue Occidental Over Anadarko Merger

Jun 1 2020 // Occidental Petroleum Corp. has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7...

Business Moves

Jun 1 2020 // Altamont Capital, Topa InsuranceThe deal for Altamont Capital Partners to acquire Topa Insurance Group has been called off. Last August, Altamont Capital Partners signed an agreement to acquire Calabasas, Calif.-based Topa...

NY Stock Exchange Partially Reopens Trading Floor; Traders, Staff Sign Liability Waivers

May 28 2020 // New York Governor Andrew Cuomo donned a face mask and rang the opening bell at the New York Stock Exchange on Tuesday, marking the partial reopening of the trading floor at 11 Wall Street, which had been shuttered since...

Lawmaker Details Federal Reinsurance for Pandemic Business Interruption, Event Losses

May 27 2020 // New York Congresswoman Carolyn Maloney has introduced the Pandemic Risk Insurance Act of 2020, a federal backstop for pandemic-related business interruption insurance modeled after the Terrorism Risk Insurance...