Gov. Andrew Cuomo News

N.Y. Gov. Vetoes Supplemental Uninsured/Underinsured Motorists Bill

New York State Governor Andrew Cuomo this week has vetoed a bill concerning the Supplemental Uninsured/Underinsured Motorists (“SUM”) coverage. Gov. Cuomo struck down the bill, S.7787/ A.10784, this Monday, Dec. 17. Both chambers of the New York State legislature approved …

New York Gov. Cuomo Orders Insurers to Speed Up Sandy Claims

New York Governor Andrew Cuomo on Thursday imposed emergency regulations on insurers to speed the processing of claims from hundreds of thousands of state residents whose properties were damaged or destroyed when Superstorm Sandy struck a month ago.Among the measures …

New York AG’s Securities Fraud Lawsuit Against Charles Schwab Tossed

A lawsuit against Charles Schwab Corp. over auction-rate securities that was filed by former New York Attorney General Andrew Cuomo was thrown out by a state court judge. The 2009 lawsuit accused the San Francisco-based discount brokerage of fraud in …

New York Gov.’s Budget Details Banking, Insurance Regulation Merger

New York Gov. Andrew Cuomo’s proposed state budget contains slightly more money for the new agency he wants to create by combining existing banking and insurance regulatory departments than they now get. Cuomo’s proposed 2011-2012 budget recommends $564 million for …