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Minnesota Men Face Federal Charges in Interstate Catalytic Converter Theft Ring

Minnesota Men Face Federal Charges in Interstate Catalytic Converter Theft Ring

Federal officials have charged four Minnesota men in a multi- million-dollar scheme to transport stolen catalytic converters to buyers in several states.
November 2, 2023 Auto Fraud Insurance Industry Litigation Colorado Minnesota New Jersey New York Oklahoma

Erie Insurance Faces Accusations of Racial Bias in Underwriting Practices

Erie Insurance Faces Accusations of Racial Bias in Underwriting Practices

Erie Insurance defends its practice of telling agents to use subjective factors when judging a potential customer. Maryland regulators say the company sought to exclude Black and Hispanic people.
October 30, 2023 Insurance Industry Legislation & Regulation Liability Litigation Maryland New York Pennsylvania

Judge’s Verdict: Trump’s Asset Inflation Unlawful

Judge’s Verdict: Trump’s Asset Inflation Unlawful

In a seminal ruling, Judge Arthur Engoron found that former President Donald Trump and his organization misled financial institutions, including insurance companies, by significantly inflating asset values and misrepresenting his net worth in official documents.
September 27, 2023 Fraud New York

New York City’s $52 Billion Plan to Save Itself From the Sea

New York City’s $52 Billion Plan to Save Itself From the Sea

The retired FDNY firefighter Patrick Kilgallen remembers the night well. In late October 2012, the approach of Hurricane Sandy up the US Eastern Seaboard coincided with a spring tide, propelling a surge of storm water that crashed into New York City and its surrounds, causing more than $70bn in damages, mostly from flooding.
September 19, 2023 Catastrophe New York

Buffalo Mass Shooting Survivors Sue Social Media and Firearms Companies

Buffalo Mass Shooting Survivors Sue Social Media and Firearms Companies

Sixteen survivors of a 2022 mass shooting at a Buffalo supermarket filed a lawsuit Tuesday in New York’s Erie County Supreme Court against social media companies, the manufacturers of the shooter’s weapons and body armor and the shooter’s parents.
August 17, 2023 Liability Litigation New York

New York Preserves Subrogation Rights

New York Preserves Subrogation Rights

The insurer’s right of subrogation is equitable in nature, even if not based in contract. However, since the insurer steps into the shoes of its insured and is limited to the rights of its insured, an integral part of the investigation process is determining what rights the insured has.
August 14, 2023 Litigation Subrogation New York

Former NBA Player Sentenced to 10 Years for Health Care Fraud Scheme

Former NBA Player Sentenced to 10 Years for Health Care Fraud Scheme

Terrence Williams, a former member of the Sacramento Kings, has been handed a 10-year prison sentence by a federal judge in Manhattan for orchestrating an elaborate plot to embezzle over $5 million from the NBA’s health care program.
August 4, 2023 Fraud Life & Health New York

Crane Fire and Collapse Lead to Evacuations in Manhattan’s West Side

Crane Fire and Collapse Lead to Evacuations in Manhattan’s West Side

A crane, located atop a high-rise building in Manhattan, experienced a partial collapse and caught fire over 40 stories above the ground Wednesday morning. Emergency crews were alerted to the situation when they received a call about a fire in the crane’s engine compartment at around 7:30 a.m.
July 26, 2023 Excess & Surplus Lines Liability New York

Massive Rainfall Causes Millions in Damages in New York, Northeast

Massive Rainfall Causes Millions in Damages in New York, Northeast

As many as 14 million people in the Northeast and New England were still under flood alerts this morning after a summer’s worth of rain fell in parts of New York, forecasters said.
July 10, 2023 Auto Property New York Pennsylvania Vermont

Four Lives Lost in NYC Fire Caused by Exploding Lithium Ion Batteries

Four Lives Lost in NYC Fire Caused by Exploding Lithium Ion Batteries

A fire at a New York City e-bike shop quickly spread to upper-floor apartments and killed four people early Tuesday in the latest deadly blaze linked to exploding lithium ion batteries.
June 21, 2023 Liability Property New York

New York Sues Hyundai and Kia for Explosion of Car Thefts

New York Sues Hyundai and Kia for Explosion of Car Thefts

South Korean automakers Hyundai and Kia are being sued for causing a ‘public nuisance,’ according to a complaint filed in Manhattan federal court.
June 7, 2023 Auto Litigation New York

Bankruptcy Court Allows SVB Directors, Officers to Utilize Liability Insurance

Bankruptcy Court Allows SVB Directors, Officers to Utilize Liability Insurance

A federal bankruptcy court in New York ruled Tuesday that directors and officers of SVB Financial Group, parent company of the failed Silicon Valley Bank that federal regulators took over in March, can tap into their $210 million in directors and officers liability insurance.
May 24, 2023 Liability New York

Appeals Court Rules On Insurers’ Liability Coverage Dispute

Appeals Court Rules On Insurers’ Liability Coverage Dispute

A federal appeals court on Tuesday affirmed a lower court ruling on behalf of Selective Insurance Group Inc. in a coverage dispute with Amerisure Insurance Co. over a construction accident.
May 10, 2023 Liability Litigation New York

New York Bill Waiving Auto Insurance Photo Inspections Heads To Governor

New York Bill Waiving Auto Insurance Photo Inspections Heads To Governor

New York State lawmakers have passed the Auto Insurance Consumer Relief Act. The legislation would allow insurance companies to waive the photo inspection currently required to obtain comprehensive and collision coverage, a measure that dates back to the 1970s.
May 5, 2023 Auto Legislation & Regulation New York

New York Passes Landmark Law To Eliminate Gas Stoves In New Homes

New York Passes Landmark Law To Eliminate Gas Stoves In New Homes

New York becomes the first state to ban natural gas and other fossil fuels in most new residential buildings, a move that has been hailed as a significant victory for climate activists.
May 3, 2023 Legislation & Regulation New York
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