The New York State Department of Financial Services (DFS) has proposed cybersecurity regulation for financial services companies that aims to protect New York state’s financial services industry from an increasing risk of cyber attacks, Governor Andrew Cuomo announced. The proposed …
The New York Insurance Association (NYIA) advises that motorcycle thefts in New York increased by 23 percent from 2014 to 2015. According to a report from the National Insurance Crime Bureau (NICB), motorcycle thefts nationwide increased by 6 percent during …
The New York State Senate will be considering Governor Andrew Cuomo’s nominee Maria Vullo for the position of financial services superintendent. This nomination is only the start of a wave of potential change at the Department of Financial Services (DFS) …
New York doctors, some of whom already pay 10 times more for malpractice insurance than physicians in San Francisco, may see their rates soar thanks to a state audit beginning this month. Physicians’ Reciprocal Insurers, whose shaky finances are central …
The New York Insurance Association (NYIA) is urging the New York state government to stop its practice of diverting assessments levied on New York-domiciled insurers to fund non-insurance programs and operations. NYIA said this month marks the five years since …
The New York Insurance Association (NYIA) elected its 2015 officers and board of directors at the association’s annual meeting on Nov. 13. The following officers were elected for a one-year term ending Dec. 31, 2015: Chair: Bernard Turi, senior vice …
The New York Insurance Association (NYIA) says the percentage of renters buying renters insurance has been falling nationally in recent years even as premiums become more affordable. According to a 2014 Insurance Information Institute poll conducted by ORC International, only …
Bernard Turi, senior vice president, director of risk and reinsurance of Utica Mutual Insurance Company (a member company of the Utica National Insurance Group) was elected chair of the New York Insurance Association (NYIA) at the association’s annual meeting on …
The New York Insurance Association (NYIA) recently elected its 2014 officers and board of directors at the association’s annual meeting. The following officers were elected for a one-year term ending Dec. 31, 2014: • Chair: Bernard Turi, senior vice president, …
New York State is second in the nation, only behind California, for questionable workers’ compensation insurance claims. The Empire State jumped to the second place in 2012 from fifth in 2011, the New York Insurance Association noted. “Workers compensation insurance …
