Latest New York Headlines

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

Doctor’s Alleged Fraud Scheme Throws Medical Claims Review Process into Doubt

Oct 2 2018 // For years, Spyros Panos seemed like a successful orthopedic surgeon, seeing dozens of patients a day and bringing in millions of dollars in fees for his suburban New York medical group.In fact, he was inflating charges and...

Multiple Fires Destroy 12 Buildings in New York

Oct 2 2018 // Officials say 12 buildings have to be torn down after two weekend fires devastated an Albany, N.Y., neighborhood.The Times Union reports the first fire broke out around 3:30 a.m. Sunday, and the second fire was reported...

New York DFS Issues Final Reg Requiring Insurers to Include Formulary Exception

Oct 1 2018 // The New York Department of Financial Services (DFS) is taking new actions to address the opioid crisis in New York State.DFS issued a final regulation requiring insurers to include a formulary exception process for...

Business Moves

Oct 1 2018 // Marsh & McLennan, JLTMarsh & McLennan Inc. agreed to buy Jardine Lloyd Thompson for about $5.7 billion to expand its global offering of reinsurance and consulting services. New York-based Marsh said the purchase of...

Frenkel & Company Hires Ferber as a Principal in New York

Sep 28 2018 // Frenkel & Company, an EPIC Company, has hired Joseph Ferber as a principal in New York.Ferber will report to Phil Remig, Northeast region senior vice president of Operations and Sales. In his new role, Ferber will be...

Frenkel Benefits Hires Tunno as a Principal in New York

Sep 27 2018 // Frenkel Benefits, an EPIC Company, has hired Nicholas Tunno as a principal in New York.Tunno will report to Phil Remig, Northeast region senior vice president of Operations and Sales. Tunno joins from the New York office...

Ex-Bookkeeper for New York Tourism Agency Admits to $220K Theft

Sep 24 2018 // The former longtime bookkeeper for an upstate New York tourism agency has pleaded guilty to stealing more than $200,000 from the organization.Kathryn Price pleaded guilty to grand larceny and criminal tax fraud Wednesday...

The State of NAIC’s Data Security Model Law

Sep 21 2018 // Most states have yet to adopt a cyber security model law for the insurance industry like the one approved by the National Association of Insurance Commissioners in 2017, but one expert believes the industry should be...

Government Ends Criminal Case Over GM Handling of Ignition Switch Defect

Sep 20 2018 // A federal judge in New York on Wednesday dismissed a criminal case brought against General Motors Co. in 2015 over the largest U.S. automaker’s handling of an ignition-switch defect linked to 124 deaths.U.S. District...

New York’s Ethos Specialty Insurance Services Appoints Cline as President, CEO

Sep 18 2018 // Ethos Specialty Insurance Services (Ethos), Ascot Group’s New York-based MGU platform, has appointed Rory Cline as president and CEO.Cline takes the helm from his current role as chief underwriting officer, having...

Professional Insurance Agents of New York Elects Ferris President

Sep 17 2018 // The Professional Insurance Agents of New York (PIANY) has elected Jamie A. Ferris as president at a meeting of the association’s board of directors at PIANY headquarters in Glenmont, N.Y.Ferris is president of P.W....

People

Sep 17 2018 // Pryor Cashman hired insurance coverage attorney Christopher Loeber in the firm’s New York office to lead the newly-created Insurance Recovery and Counseling practice.With more than 20 years of experience, Loeber...

State Farm to Cut Rates in New York

Sep 17 2018 // State Farm Mutual Automobile Insurance Co. has announced plans to cut its rates in New York state.As a result, the company’s overall personal auto rate in New York will drop by 3.4 percent. The total statewide...

Former Postal Worker Charged in N.Y. for Falsely Obtaining $160K in Disability Benefits

Sep 17 2018 // A former motor vehicle operator for the United States Postal Service (USPS) has been charged with making false statements to obtain federal employees’ disability compensation, according to a complaint unsealed in...

New York Challenges Federal Ruling Allowing Fintechs to Skirt State Regulation

Sep 14 2018 // New York state’s top banking regulator on Friday sued the U.S. Office of the Comptroller of the Currency, seeking to void its decision to begin granting national bank charters to financial technology companies.Maria...

EPIC Insurance Brokers and Consultants Acquires New York’s Vanbridge

Sep 14 2018 // EPIC Insurance Brokers and Consultants, a national retail insurance brokerage and employee benefits consulting firm, has acquired the assets, employees and operations of Vanbridge LLC, a specialty insurance intermediary,...

Brexit Knocks London Off Its Top Financial Center Perch; New York Benefits

Sep 12 2018 // New York has replaced London as the world’s top financial center as Brexit saps the confidence of U.K. industry professionals, according to a survey. Britain’s capital fell to second place in the Global...

Arthur J. Gallagher & Co. Acquires New York’s United Dealer Services

Sep 7 2018 // Arthur J. Gallagher & Co. has acquired United Dealer Services LLC. Terms of the transaction were not disclosed.Based in Highland Mills, N.Y., United Dealer Services LLC is a retail insurance broker and program...

Marijuana Advocates Urge New York to Make It Legal, Affordable

Sep 7 2018 // Marijuana advocates told a New York panel considering legalization that it should be affordable and accessible to everyone rather than enriching corporate producers and state tax coffers.Of about 30 people who spoke at the...

Pryor Cashman Hires Loeber as a Partner in New York City

Sep 6 2018 // Pryor Cashman has hired insurance coverage attorney Christopher Loeber to the firm’s New York office to lead the newly-created Insurance Recovery and Counseling practice.With more than 20 years of experience, Loeber...