New York

New York Governor Kathy Hochul proposed measures to stabilize the city's taxi and rideshare insurance industry, which is reeling from the insolvency of its largest provider American Transit Insurance Co.

New York City kicked off the first congestion pricing program in the U.S.

New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans.

Brian Thompson, a longtime UnitedHealth Group Inc. executive, was fatally shot in midtown Manhattan early Wednesday morning in what authorities described as a targeted attack, igniting a manhunt across the city for the gunman.

Climate change is regarded by scientists as the pre-eminent factor driving long-term changes in weather, and the New York region is experiencing a severe drought — the Big Apple experienced its driest October on record.

Marblegate Asset Management is in discussions with state regulators about how it can potentially take over the assets of New York City's insolvent taxi insurer, according to people with knowledge of the matter.

US insurer MetLife Inc. is in advanced talks to buy PineBridge Investments' assets outside of China, people familiar with the matter said, in a deal that could be valued at $1 billion to $1.5 billion.

New York's insurance regulator issued a damning report laying out the severe financial condition of the city's largest insurer of taxis and for-hire vehicles, as well as dozens of potential financial improprieties and accounting problems.

American Transit, also known as ATIC, insures roughly 60% of New York City's more than 117,000 commercial taxis, livery cabs, black cars and rideshare vehicles.

The insurance company agreed to post a notice informing employees of their rights and vowing to comply with federal labor law.

Insurers should look at governance policies, operations methods and modeling to pre-emptively keep bias and drift out of AI handling of underwriting and pricing, an expert on the technology recommends.

The New York State Insurance Fund, one of the largest workers comp insurers in the U.S., got over 1,000 policyholders on board its new claims information app in its first week.

Fidelity National Financial Inc., the biggest US title insurer, illegally colluded with competitors by agreeing to not solicit, recruit or hire each other's employees, the New York attorney general said.