Insurtech Lemonade launches Autonomous Car Insurance for Tesla FSD drivers
Lemonade introduces autonomous car insurance for Tesla FSD, cutting per-mile rates by about 50% using real vehicle data and AI pricing models
🇺🇸 New York Insurance News
Professional Insurance Agents NY backs Gov. Kathy Hochul focus on rising insurance costs
PIA New York welcomed Gov. Kathy Hochul’s State of the State focus on P&C insurance, citing rising auto premiums, fraud, and outdated laws straining consumers
CyberTech Zepo Intelligence raises €12.8 mn to counter AI-driven social engineering
Spanish cybersecurity startup positions agentic human-risk defence as generative AI reshapes attack patterns across enterprises
Alliant Insurance joins growing wave of lawsuits accusing Howden US of broker poaching
Alliant Insurance Services sued Howden US and three former employees, alleging coordinated resignations, misuse of confidential data, and a broader strategy to strip teams from rival brokers
New York Court tosses $410 mn art insurance suit after fire damage
New York Supreme Court dismisses collectors’ $410 mn claim over alleged fire damage to major artworks; appeal is now pending
Court voids residential exclusion in New York fire excess insurance coverage case
Federal court orders excess insurer to cover Manhattan fire losses, ruling a residential exclusion created illusory coverage due to mutual mistake
New York curbs litigation funding with new insurance consumer law
New York enacts the Consumer Litigation Funding Act, capping fees, adding oversight, and aiming to limit insurance cost pressures
New York State Insurance Fund cuts disability premiums by 28%
New York State Insurance Fund lowers standard disability premiums by 28%, pushing rates among the lowest in the state for 2026
New York court backs denial of workers comp claim over lawyer-doctor call
A New York appellate court upheld denial of a workers comp claim, ruling a lawyer’s call to a doctor justified excluding medical evidence
New York plans 25% rise in rideshare insurance rates by 2028
New York will lift rideshare insurance rates about 25% over three years after American Transit’s collapse, pushing higher costs toward drivers and fares
NY court says insurers must pay no-fault benefits despite referral kickbacks
New York’s top court rules auto insurers can’t deny no-fault benefits for referral-fee misconduct unless providers fail core licensing requirements
Insurance costs in New York’s affordable housing world keep rocketing
Insurance premiums for NYC’s rent stabilized buildings jumped 150% since 2019, tightening budgets as a proposed rent freeze stirs fears of worsening conditions
New York pushes ZIP code insurance data and climate liability bills
Two New York bills seek granular insurance data and new civil actions against climate disaster contributors to curb rising property costs
New York lawmakers propose $10 mn State Catastrophe Fund Authority
A New York bill proposes a $10 mn Catastrophe Fund Authority to reimburse insurers for disaster losses and stabilize the state’s property market
New York Bill 9218 seeks to limit auto crash damages for certain drivers
New York lawmakers propose limiting auto accident damages for uninsured motorists, intoxicated drivers, and those involved in felonies or hit-and-runs
Northeastern Insurance files Chapter 15 in NY over sex abuse claim surge
Bermuda-based Northeastern Insurance seeks Chapter 15 protection in New York after 55 sex abuse claims under NY’s Child Victims Act exceed its assets
New York fines 8 auto insurers $19 mn over cybersecurity violations, data breaches
New York DFS fined eight auto insurers and agencies $19 mn for weak cybersecurity controls that exposed personal data through online quoting systems
New York Life Insurance to unify asset management arms into $785 bn global platform
New York Life will merge its general account and third-party asset units in 2026, creating a $785bn global platform spanning public and private markets
New York Court dismisses lawsuit against social media over Buffalo Mass Shooting
A New York appellate court ruled that social media companies cannot be sued for their alleged role in the 2022 racially motivated mass shooting at a Buffalo grocery store
New York court ordered Millennia Assurance to deposit $4.75 mn
New York court ordered Millennia Assurance Inc. to deposit $4.75 mn in collateral into a trust account after siding with New York Marine and General Insurance
New York Convention overrides Louisiana arbitration ban in insurance disputes
The U.S. Second Circuit Court of Appeals reversed its earlier decision, ruling that arbitration clauses established under the New York Convention
New York Court confirms Rhode Island law applies in Zurich insurance dispute over $8.6mn claim
The New York Supreme Court Appellate Division upheld a lower court’s decision confirming that the applicable law in an insurance dispute
New York attorney general sues Allstate over National General’s cybersecurity failures
Allstate Corp. is being sued by the New York attorney general, who claims its subsidiary, National General Holdings Corp., failed to protect consumer data
New York allows stand-alone business interruption insurance without physical loss
New York passed a law permitting stand-alone business interruption insurance policies that cover closures even without direct physical loss
New York’s 2026 budget proposes Insurance Reforms for for-hire vehicles
New York’s 2026 fiscal year budget includes proposed legislative changes aimed at improving insurance coverage for for-hire vehicles
New York passes law standardizing hurricane windstorm definitions and deductibles
New York has enacted a law to standardize definitions for hurricane windstorms, aiming to create consistency in deductibles and how triggering events are determined
UnitedHealthcare Insurance Company CEO Brian Thompson fatally shot in New York City
In New York City, on Manhattan, the CEO of UnitedHealthcare, a leading American health insurance company, was fatally shot. Brian Thompson sustained a fatal gunshot
Insurtech Foxquilt launched digital insurance products in New York
Insurtech Foxquilt, digital MGA specializing in embedded insurance technology for small businesses, has launched of its digital insurance products in New York
American Transit Insurance, New York’s insurer of taxi cabs, is insolvent by $665 mn
The American Transit Insurance Co., New York’s largest insurer of taxi cabs, is insolvent by approximately $665 mn and must consider all options for recapitalization
NY’s financial regulator wants crypto companies to be more transparent
New York’s financial regulator wants cryptocurrency companies regulated in the state to be more transparent about how they list and delist crypto coins
NY blockchain consortium R3 laid off over 20% of its workforce
The New York-based blockchain consortium R3, backed by investors including Bank of America and Intel, has laid off over 20% of its workforce
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Coinbase, one of the most prominent crypto trading platforms in the US, just rolled out a new capability: decentralized exchange trading done in-app
NFTs have a lot of potential in the metaverse. They provide a way to represent ownership of assets, create scarcity, and monetize content
As insurers worldwide look for ways to modernize operations and enhance client experiences, blockchain offers a compelling solution to long-standing challenges
Multiple indicators suggest the beginning of another “crypto winter,” driven by sharp negative sentiment following the introduction of global tariffs and the risk of further escalation