New York News

New York Considers Making Property Insurers Cover Taxi Claims Losses

New York is considering asking propert/ casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans. That measure is one of several options under discussion as the state’s Department …

What’s Behind New York Fires? Climate Change, Land Use and History

Wildfires that are raging across New York and New Jersey highlight a new threat to one of the world’s most affluent regions. Climate change is regarded by scientists as the pre-eminent factor driving long-term changes in weather, and the New …

New York’s High Court Backs Insurer’s Denial of COVID-19 Business Interruption Claim

New York state’s highest court has affirmed that there must be direct physical loss or damage, not just presence of a virus, to trigger coverage under a commercial property policy for COVID-19 business interruption losses. The Court of Appeals upheld …

New York Begins Drying Out After Being Stunned and Soaked by Record-Breaking Rainfall

NEW YORK (AP) — New York City began drying out Saturday after being soaked by one of its wettest days in decades, as city dwellers dried out basements and traffic resumed on highways, railways and airports that were temporarily shuttered …

Floods in US Northeast Forecast to Bring $5 Billion in Damages

The flooding across the Northeast that left one woman dead in New York, closed rail lines and devastated Vermont could bring as much as $5 billion in losses, according to one estimate. The record rains that swept from New Jersey …

Amazon Must Face Murderer’s Lawsuit on Behalf of Unhired Ex-Cons

Amazon.com Inc. was unable to escape a lawsuit filed by a convicted murderer who claims the company’s refusal to hire him as a delivery driver was discrimination. Henry Franklin applied in 2019 for a job delivering groceries to customers of …

J&J Agrees to Pay $230 Million to Settle New York Opioid Claim

NEW YORK (AP) — Johnson & Johnson has agreed to pay $230 million to New York state to settle claims that the pharmaceutical giant helped fuel the opioid crisis, Attorney General Letitia James said on Saturday. The drugmaker also agreed …

Altice Reaches $72M Settlement With New York Over Response to Tropical Storm Isaias

NEW YORK — Altice USA Inc has reached a nearly $72 million settlement to resolve New York state claims that the phone and cable TV provider failed to adequately prepare for or respond to Tropical Storm Isaias in August, when …

Blame Game? Cuomo Takes Heat Over New York Nursing Home Study

NEW YORK — New York Gov. Andrew Cuomo is facing blistering criticism over an internal report that found no strong link between a controversial state directive that sent thousands of recovering coronavirus patients into nursing homes and some of the …

From New York to Houston, Flood Risk For Real Estate Hubs Ramps Up

The number of properties in the United States in danger of flooding this year is 70% higher than government data estimates, research released on Monday shows, with at-risk hot spots in Houston, New York, Los Angeles and Chicago. The higher …