Life Insurers Can Use Social Media Posts To Determine Premiums, As Long As They Dont Discriminate
New Yorks Department of Financial Services (NYFS) has released new guidelines that will allow life insurance companies to use data from customers social media posts to determine their premiums, and experts say that these rules could potentially extend beyond New Yorks borders.
February 5, 2019
Life & Health
Risk Management
New York
Dozens Of Vehicles Involved In Pileups Under Whiteout Conditions
As if the polar vortex isnt enough, sudden whiteouts called snow squalls are causing problems for the Northeast. A snow squall is an intense, short-lived burst of heavy snowfall accompanied by gusty wind, according to the National Weather Service. Squalls can happen when there is no winter storm.
January 31, 2019
Auto
Liability
Subrogation
New York
Pennsylvania
Manhattan Driver Accidentally Hits Seven Pedestrians, Killing One
A car running in reverse struck seven pedestrians in New York City on Monday and one person died in the apparent accident, officials said. The 70-year-old driver may have mistaken the gas pedal for the brake as he was attempting to reverse into a parking spot, said New York Police Department Fifth Precinct Executive Officer Michael Gulinello.
November 27, 2018
Auto
Liability
New York
Clinic Owner, Doctor, Lawyer Charged In $1 Million Insurance Scam
A clinic owner, a doctor and an attorney are among those charged in connection with a $1 million insurance scam, New York Attorney General Barbara D. Underwood has announced.
November 19, 2018
Auto
Fraud
New York
New York Comp Reforms Increased Indemnity Payments, Improved Timing
Indemnity payments for injured workers increased as much as 9% from 2007 to 2014 in New York as a result of state reforms launched in 2007, according to a report released Tuesday by the Cambridge, Massachusetts-based Workers Compensation Research Institute.
November 2, 2018
Legislation & Regulation
Workers' Compensation
New York
Two Workers Inspecting Power Lines Killed In Helicopter Crash
Two utility workers were killed and two others were hurt when their maintenance helicopter got caught on power lines and crashed in rural northeastern New York, state police said.
November 2, 2018
Excess & Surplus Lines
Workers' Compensation
New York
New Yorker Collected $28K For "Missing" Diamond Ring
Two years ago, a Vestal man allegedly faked a report about a diamond ring that had gone missing and received more than $28,000 for the insurance claim.
October 29, 2018
Fraud
New York
Diamond District Jeweler Suspected In $1M Gem Fraud
A bumbling Manhattan jeweler claims he lost two diamond rings worth a total of $1 million that he was supposed to re-size for a wealthy client but prosecutors say he actually stole them.
October 15, 2018
Fraud
New York
Limo in Fatal New York Crash Failed Inspection; Driver Lacked Appropriate License
The limousine in a deadly crash that killed 20 people in upstate New York on Saturday had failed inspection last month and the driver didnt have the appropriate license to operate the vehicle, Gov. Andrew Cuomo revealed Monday.
October 9, 2018
Auto
Litigation
New York
Limo Crash Kills 20 People in Deadliest US Transportation Accident Since 2009
A limousine carrying several couples to a birthday party failed to stop at an intersection in upstate New York and struck a parked vehicle, killing 20 people in the deadliest transportation accident in the United States in nearly a decade, according to authorities and a family member.
October 8, 2018
Auto
New York
NWS Confirms 4 Tornadoes In New York, Connecticut
Four tornadoes hit three separate New York counties and one Connecticut county as severe weather walloped the tri-state area Tuesday, the National Weather Service said Wednesday.
October 4, 2018
Auto
Property
Connecticut
New York
Massive Manhattan Apartment Fire Leads To More Than A Dozen Injuries
A raging all-night fire in the East Village left 14 people hospitalized Wednesday, authorities said. The stubborn, smoky blaze broke out in a five-story building on First Ave. near E. 11th St. about 1:45 a.m., FDNY officials said.
October 4, 2018
Property
New York
Insurers Grappling With New York Cybersecurity Regulations; More States To Follow
Cybersecurity is back in the news as banks, insurers and other financial entities faced another tough compliance hurdle in New York.The Sept. 4 deadline brought another host of requirements contained within New Yorks tough cybersecurity initiative approved last year.
September 12, 2018
Legislation & Regulation
Technology
New York
Tug Boat Operator Sued By Travelers Insurance In Subrogation Claim On Sunken Barge
The Port Allen was taking on so much water during a storm last summer that the captain and crew of the Foxy 3 tugboat released the hopper barge off Port Chester Harbor and allowed it to sink into Long Island Sound.
September 10, 2018
Excess & Surplus Lines
Litigation
Subrogation
New York
Driver Who Mistook Pedals Lands In Senior Community Swimming Pool
It was neighbors to the rescue in the northern suburbs. Putnam County residents rescued a woman who accidentally drove her car into a swimming pool, CBS2s Dick Brennan reported Tuesday. "As I turn to get off the treadmill, I see a car fly into the pool," Jeffrey Feinberg said.
August 16, 2018
Auto
New York



