777 Re backer 777 Partners’ cofounder Josh Wander pleads guilty in $500 mn fraud case
Josh Wander pleaded guilty to wire and securities fraud involving 777 Partners, agreeing to forfeit at least $500 mn after the investment firm’s collapse
🇺🇸 New York Insurance News
Latest New York insurance news from US insurers and regulators. Explore auto, home, life, P&C, pet and health insurance, including insurance rates, insights, trends, and breaking insurance news from the United States.
New York arrests 16 in $500K auto insurance fraud crackdown
New York authorities arrested 16 people in alleged auto insurance fraud schemes involving nearly $500,000 in attempted claims, as the state targets staged crashes
Insurtech Delegance Brokerage raises $3.1 mn to challenge insurance commissions
Delegance Brokerage raised $3.1 mn in pre-seed funding to expand its AI-powered commercial insurance platform, offering a 5% fee instead of traditional commissions
Insurtech Coverdash and 7shifts launch pay-as-you-go workers’ compensation insurance
Insurtech Coverdash partners with 7shifts to integrate pay-as-you-go workers’ compensation insurance into restaurant payroll, offering quotes from more than 40 carriers
Pluto Security raises $42 mn to secure enterprise AI apps and agents
Pluto Security exits stealth with $42 mn in funding, more than 40 enterprise customers and an AI security platform protecting over 1 mn endpoints globally
Selma Blair arrested at NY’s JFK Airport after alleged assault on Delta flight attendants
Actress Selma Blair was arrested after allegedly assaulting two Delta flight attendants on a Los Angeles to New York flight. The FBI is investigating the incident
Dr. Emmanuel Hostin and American Transit Insurance: a $459 mn no-fault insurance fraud case
American Transit dismissed fraud claims against Dr. Emmanuel Hostin, agreed to pay his invoices and apologized amid a wider $459 mn New York insurance case
Aviva launches US specialty insurance platform in New York
Aviva launches Aviva Specialty in the US, with commercial property underwriting starting in Q4 2026 and plans to expand into cyber and specialty casualty
MonsterCloud CEO charged in alleged ransomware recovery fraud
MonsterCloud owner Zohar Pinhasi faces federal fraud charges for allegedly paying hackers to decrypt ransomware while charging victims substantially higher fees
GEICO sues Brooklyn medical equipment supplier over $733K in alleged insurance fraud
GEICO alleges a Brooklyn medical supplier used kickbacks and copied prescriptions to submit over $733,000 in fraudulent New York no-fault insurance claims
Allstate alleges $1.3 mn no-fault insurance fraud by Titan Diagnostic Imaging
Allstate sues Titan Diagnostic Imaging over $1.3 mn in allegedly fraudulent no-fault insurance claims involving unnecessary tests, identical records and 59 clinics
Lemonade expands Tesla FSD insurance discounts to HW3 vehicles
Lemonade expands Autonomous Car insurance to Tesla HW3 vehicles with FSD v14 Lite, offering 30% discounts on supervised FSD miles in three U.S. states
Nettle raises $4.8 mn to expand AI-powered insurance loss control
Nettle secures $4.8 mn in oversubscribed seed funding led by MTech to expand its AI loss control platform, accelerate risk inspections and grow in the US and Europe
New York declares measles disaster emergency as cases rise
New York declares a statewide measles disaster emergency after 108 cases in 2026, expanding MMR vaccination and testing authority
Publishers can seek $3.2 bn from Google in ad tech case
USA Today, Daily Mail and about 5,000 publishers can seek more than $3.2 bn from Google over alleged harm tied to its AdX advertising exchange
Allstate sues three New York pharmacies over no-fault insurance claims
Allstate filed three RICO lawsuits against New York pharmacies, seeking recovery of $414,000 paid and relief from more than $703,000 in unpaid claim
NYC lawmakers proposes AI whistleblower rewards and developer liability
New York City Council proposes AI whistleblower rewards, developer liability, third-party reviews and human kill switches ahead of an Oct. 5 hearing
Buffalo Diocese insurers agree to $177 mn abuse settlement
Buffalo Diocese insurers agree to contribute $177 mn to clergy abuse claims, bringing the proposed victims’ compensation fund to $327 mn
Nor’easter brings flood and wind losses across US East Coast
A strong nor’easter brings coastal flooding, heavy rain and damaging winds across the US East Coast, with further rain expected in the Northeast
National Life adds new index options to SummitLife Indexed Universal Life Insurance product
National Life Group adds Bloomberg MAVIN 10, Nasdaq 100 Multi-Asset Edge 8% and new S&P 500 crediting options to its SummitLife IUL product
Tesla Insurance blocked in New York over Tesla-only auto coverage
New York regulators rejected Tesla General Insurance’s auto filing over Tesla-only eligibility, delaying the company’s insurance launch in the state
New York opens AI office as Gov. Kathy Hochul weighs AI kill switch
New York appointed Marc Gilman to oversee RAISE Act compliance as Gov. Kathy Hochul considers additional safeguards for frontier AI developers
Beagle Labs raises $4.1 mn for AI insurance underwriting platform
Beagle Labs raises $4.1 mn to expand its AI property intelligence platform, field inspection network and underwriting tools for commercial insurers
PIA New York re-elects Jason Bartow president and names 2026-27 officers
PIA New York re-elects Jason Bartow as president for 2026-27 and names new officers across its executive leadership team
New York proposes prior approval for all auto insurance rate hikes
New York DFS proposed requiring prior approval for all private passenger auto insurance rate increases as part of broader 2027 budget reforms
Insurtech Sixfold launches AI Underwriter for life and health insurance
Sixfold launched an AI underwriting platform for life, disability, long-term care and critical illness, producing case recommendations with cited evidence
Apollo Global Management data breach exposes personal information
Apollo Global Management reported a July cyberattack that exposed personal data, including Social Security numbers, after unauthorized cloud access
Luigi Mangione trial over UnitedHealthcare CEO killing gets anonymous jury
Judge orders anonymous jury for Luigi Mangione’s murder trial over the 2024 killing of UnitedHealthcare CEO Brian Thompson in Manhattan
New York expands auto insurance fraud crackdown
New York is widening its campaign against auto insurance fraud after a sharp rise in suspected fraud incidents and rising pressure on vehicle owners
New York approved a 22% workers’ comp loss cost cut for October
New York approved a 21.9% workers’ comp loss cost cut for Oct. 1, with projected employer savings above $1 bn
New Yorkers lose Essential Plan health insurance coverage after eligibility cut
New York’s Essential Plan change leaves 450,000 residents seeking new health coverage as marketplace premiums replace low-cost insurance
New York halts large data center projects for one year
New York pauses large data center approvals above 50 MW as AI demand increases pressure on electricity, water use and local communities
Illinois joins California and New York with Artificial Intelligence Safety Measures Act
Illinois adopted AI safety rules for large model developers, adding risk reports, incident notices, audits and penalties up to $3 mn
New York City advances affordable housing insurance program
New York City selected Pinnacle Actuarial Resources and opened a private-sector RFEI for a city-backed affordable housing insurance program
New York auto insurance reforms may cut premiums
New York’s budget reforms target auto insurance fraud, insurer practices, and consumer protections, with possible annual savings of $200 to $300
New York budget bars ICE pacts and rewrites auto insurance rate rules
New York’s PPGG budget bill restricts local ICE cooperation, sets police mask rules, and changes auto insurance rating and approval rules
New York backs captive insurer for affordable housing
New York loaned $2 mn to Milford Street’s captive insurer as housing operators face higher liability premiums and thinner margins
New York $268 bn budget plan includes auto insurance reforms and consumer protections
New York’s proposed $268 bn budget includes auto insurance reforms, consumer protections, tax measures, and dispute over whether lawmakers reached final agreement
US prosecutors charge 30 in insider trading scheme
Federal prosecutors charged 30 people in a decade-long insider trading scheme tied to stolen merger information from major law firms
Iterative Health raises $77 mn in Series C funding to expand AI-driven trial network
Iterative Health secured $77 mn in Series C funding to scale its AI-powered clinical research network across new therapeutic areas and regions
Coral raises $12.5 mn to automate healthcare admin work
Coral raised $12.5mn from Lightspeed and Z47 to automate healthcare back-office workflows across fax, EHR, payer portals, and patient intake.
New York weighs tighter approval rules for auto insurance rates
New York could require insurers to seek state approval for any auto rate increase as lawmakers debate reforms tied to the delayed budget
SoundHound AI to acquire LivePerson in $250 mn enterprise value deal
SoundHound AI will acquire LivePerson to combine voice AI, agentic automation, and digital messaging across enterprise customer service workflows
Courier Health raises $50 mn to scale AI patient engagement platform
Courier Health secures Series B funding to expand its AI platform addressing fragmented patient journeys in life sciences
Cybertech Surf launches with $57 mn to push AI-led preventive cybersecurity
New York-based Surf emerged from stealth with $57 mn in funding to automate security hygiene and remediate enterprise risks with agentic AI
Yuzu Health raises $35 mn in Series A to rebuild health insurance infrastructure
Yuzu Health secured $35 mn in Series A funding to expand its health plan platform, automate back-office workflows, and scale modern insurance operations nationwide
Startup Deeptune raises $43 mn led by a16z to build virtual training grounds for AI agents
New York-based Deeptune secured $43 mn in Series A funding to expand simulation-based training for AI agents as the industry searches for new data sources
Blossom Health raises $20 mn to expand AI-led psychiatry care
Blossom Health secured $20 mn in seed and Series A funding to expand its AI-native telepsychiatry platform, insurer ties, and clinician network across the US
Federal Housing Finance Agency chief accuses Letitia James of false insurance filings
FHFA Director William Pulte sent criminal referrals accusing Letitia James of false statements in insurance filings tied to a Virginia property
Corebridge and Equitable strike $22 bn all-stock merger deal
Corebridge and Equitable agreed to an all-stock merger valued at $22 bn, creating a financial services group with $1.5 tn in assets
Trump administration probes states over abortion insurance mandates
HHS investigates 13 states requiring abortion coverage, citing Weldon Amendment disputes and renewed federal enforcement stance
ACA insurance premium hikes strain US households as subsidies expire
Rising ACA costs force US households to cut essentials, switch plans, or drop coverage after subsidy expiration, new KFF survey shows
New York auto insurance reform sparks clash between trial lawyers and Hochul
New York’s auto insurance reform debate is escalating as Governor Kathy Hochul presses for legislation aimed at curbing litigation linked to vehicle accidents
Allstate files RICO suits over alleged New York no-fault DME fraud
Allstate filed two federal RICO lawsuits in the US District Court for the Eastern District of New York, alleging coordinated no-fault auto insurance fraud involving durable medical equipment suppliers
New York fines Jericho Share $250k for acting as an unlicensed health insurer
New York Regulator says House of Prayer and Life operated as unlicensed health insurer, spent 12.5% of fees on medical claims
Full-coverage auto insurance premiums in the US drop 6% in 2025 after a 46% surge
Full-coverage auto insurance premiums drop 6% to $2,144 in 2025 after a 46% surge, but high-cost states climb and 2026 increases loom
Insurance blocks MLB stars from World Baseball Classic rosters
Insurance denials force top MLB players out of the 2026 World Baseball Classic, exposing how coverage rules now shape who can compete
🇺🇸 New York targets auto insurance fraud as premiums near $4,000
New York moves to curb auto insurance costs with fraud crackdowns, payout limits for at-fault drivers, and revived enforcement as premiums run far above the US average
🇺🇸 New York auto insurance hits record $1,935 as affordability worsens
New York drivers spent a record $1,935 on auto insurance, ranking among the least affordable states as repair costs, injuries, and claims expenses climb
Slide Insurance targets $250 mn Purple Re cat bond with wider storm coverage
Slide Insurance returns to the cat bond market seeking $250 mn via Purple Re 2026-1, expanding named storm coverage beyond prior deals
How Lloyd's institutional structure supports re/insurance underwriting across marine, aviation, energy, cyber and other complex insurance classes
Global insurance-linked securities market reached $145 bn in 2026, supported by record catastrophe bond issuance, 12.5% investor returns and expanding reinsurance sidecars
Global reinsurance capital reached $800 bn in 2026 as expanding capacity, lower property pricing and stronger catastrophe bond activity favor buyers
Insurance regulators in the US, UK and Japan are strengthening oversight of asset-intensive reinsurance, targeting counterparty credit risk, recapture reserve adequacy