Latest New York Headlines

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

Southwest Fatality First for a U.S. Airline in 9 Years

Apr 17 2018 // One passenger was killed when an engine blew out on a Southwest Airlines Co. jetliner carrying 149 people, marking the first fatality on a U.S.-registered airline in more than nine years.The plane, bound for Dallas from...

Small Businesses Hampered by Uninsured Damage After 2017 Hurricanes: Fed Reserve

Apr 17 2018 // Small businesses in the United States struggled with uninsured damages and lost revenue following a record-breaking year of hurricanes and wildfires, according to a Federal Reserve survey published on Tuesday.The report by...

Plymouth Rock Assurance Entering N.Y. Insurance Market With Latest Acquisition

Apr 17 2018 // Plymouth Rock Assurance Corporation (PRAC) is entering the New York insurance market with its acquisition of 21st Century National Insurance Company (National). PRAC previously brought its insurance portfolio to...

Surplus Lines: Insurtech and Technological Opportunities, Challenges

Apr 16 2018 // Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen “insurtech” blossom from a term to describe the intersection...

New York Court Affirms Gas Company on the Hook for Environmental Cleanup Costs

Apr 16 2018 // The New York Court of Appeals has ruled that KeySpan Gas East Corporation is responsible for costs to clean up environmental contamination caused by manufactured gas plants owned by its predecessor during years when there...

Progressive The Latest to Comply With New York Auto Insurance Rate Regulation

Apr 16 2018 // A fourth major auto insurance company in New York has reached a compliance agreement with the New York Department of Financial Services (DFS) regarding DFS’ final regulation against discriminatory auto insurance...

New York DFS Urges Insurers to Encourage the Use of Commercial GPS

Apr 13 2018 // The New York Department of Financial Services (DFS) has advised its regulated insurers to encourage policyholders that investing in commercial global positioning system (GPS) equipment could reduce motor vehicle collisions...

Climate Change Act: Commit New York to Being Powered by 100% Renewables

Apr 12 2018 // Allianz says it’s further integrating ecological and social responsibility into its core business.The insurance giant, which is already known for its sustainable bent, this week issued a 2017 Sustainability Report...

Alliant Insurance Services Enters Agreement to Acquire New York’s Crystal & Company

Apr 12 2018 // Alliant Insurance Services, a Newport Beach, Calif.-headquartered specialty insurance brokerage firm, has entered into a definitive agreement to acquire New York-based Crystal & Company.Pursuant to the agreement, the...

Troubled Chinese Insurer Anbang Interviews Banks About Asset Divestments: Sources

Apr 12 2018 // Anbang Insurance Group Co., the troubled Chinese insurer seized by the government, is interviewing investment banks to advise on potential asset divestments, people with knowledge of the matter said.The once-acquisitive...

Police: GPS Failed to Warn Bus Driver Before New York Overpass Crash

Apr 11 2018 // The out-of-state driver of a charter bus full of high school students that crashed into a low-hanging overpass on a Long Island parkway was using a non-commercial GPS device that didn’t warn him about the hazard in...

New York’s Kaufman Dolowich & Voluck Adds Three D&O Liability Partners

Apr 5 2018 // Kaufman Dolowich & Voluck LLP (KDV), a national law firm headquartered in Woodbury, N.Y., is expanding its Insurance Coverage & Litigation Practice with the addition of three directors and officers liability...

Late Broker’s Estate Sues JPMorgan Claiming Wrongful Death

Apr 2 2018 // The estate of a deceased broker filed a wrongful death lawsuit against JPMorgan Chase & Co., saying he took his life after becoming despondent because he was forced to retire.Michael A. Lorig suffered from depression...

Progressive is the Latest to Comply with New York Auto Insurance Rate Regulation

Apr 2 2018 // A fourth major auto insurance company in New York has reached a compliance agreement with the New York Department of Financial Services (DFS) regarding DFS’ final regulation against discriminatory auto insurance...

USI Insurance Services to Acquire New York’s Key Insurance & Benefits Services

Apr 2 2018 // KeyBank has entered into a definitive agreement to sell Key Insurance & Benefits Services Inc. to USI Insurance Services (USI).KeyBank acquired Key Insurance & Benefits Services Inc. as part of its 2016 merger with...

Exxon Loses Bid to Stop States from Probing If It Lied About Climate Change

Apr 2 2018 // A federal judge on Thursday dismissed Exxon Mobil Corp.’s lawsuit seeking to stop New York and Massachusetts from probing whether the oil and gas company covered up its knowledge about climate change and lied to...

Judge Certifies Class Action Accusing Goldman Sachs of Gender Discrimination

Apr 2 2018 // A federal judge ruled that women accusing Goldman Sachs Group Inc. of discriminating against them in pay, promotions and performance reviews may pursue their claims as a group in a class-action lawsuit.The decision late...

Insurtechs Continue to Perform Miracles for Policyholders

Apr 1 2018 // APRIL 1, 2018— The competition among insurtechs trying to make their insurance customers “deliriously happy” continues to evolve with the latest news that one insurer is paying claims before they even...

New York Court Affirms Gas Company on the Hook for Environmental Cleanup Costs

Mar 29 2018 // The New York Court of Appeals has ruled that KeySpan Gas East Corporation is responsible for costs to clean up environmental contamination caused by manufactured gas plants owned by its predecessor during years when there...

New York Copter Straps That Trapped Riders May Have Also Cut Fuel

Mar 27 2018 // The pilot of the photo-tour helicopter that crash-landed in New York’s East River this month said a safety tether designed to keep passengers inside the open-door flight may have accidentally shut off the...