Latest Department of Financial Services Headlines
All the headlines from our Department of Financial Services Topic Page, ordered by recency.
Florida OKs Emergency Adjusters, Brings In Fraud Strike Teams for Sally Recovery
Sep 23 2020 // The Florida Department of Financial Services has deployed its Disaster Fraud Action Strike Team (DFAST) to the Florida Panhandle, as well as activated the state’s emergency adjuster license system to assist with...
New York Calls on Insurers to Address Climate-Related Financial Risks
Sep 22 2020 // New York State Department of Financial Services (DFS) Superintendent Linda Lacewell today implemented several new initiatives to address climate-related financial risks, calling on insurers to begin integrating these...
First Charges Filed Under New York’s Cyber Reg Involve First American Data Leak
Sep 21 2020 // The New York State Department of Financial Services (DFS) filed cybersecurity charges against a title insurance provider for exposing millions of documents containing consumers’ personal information. The charges are...
N.Y. Regulator Fines Assurant Subsidiary $2.8M for Violating State Insurance Laws
Aug 21 2020 // The New York State Department of Financial Services (DFS) has fined The Signal, LP, an Assurant Company, $2.8 million for failing to comply with New York insurance laws. A DFS press release alleged that The Signal provided...
New York Regulator Issues Insurance Fraud Action Against Two Opioid Manufacturers
Aug 20 2020 // The New York State Department of Financial Services (DFS) has filed charges and initiated administrative proceedings against Teva Pharmaceutical Industries Ltd. and its subsidiaries, as well as Allergan PLC and its...
New York Regulator Takes Action to Expedite Isaias-Related Insurance Claims
Aug 13 2020 // The New York State Department of Financial Services (DFS) has taken action to help expedite the payment of insurance claims for New Yorkers affected by Tropical Storm Isaias. As the storm moved through the eastern portion...
First Charges Filed Under New York’s Cyber Reg Involve First American Data Leak
Jul 22 2020 // The New York State Department of Financial Services (DFS) has filed cybersecurity charges against a title insurance provider for exposing millions of documents containing consumers’ personal information. The charges...
Judge Denies NRA Bid to Block Regulatory Hearing on Its Gun Liability Insurance
Jul 15 2020 // The National Rifle Association will have to appear for a regulatory hearing over allegations it violated New York law by marketing an insurance policy for shootings that critics have dubbed “murder...
New York DFS Launches Program to Drive Innovation Post-Pandemic
Jun 10 2020 // The New York State Department of Financial Services (DFS) has launched DFS FastForward, a new program to support innovators seeking to deliver new solutions in financial services, fintech, insurtech and healthtech for New...
N.Y. Emergency Reg Requires Insurers to Expedite Claims Related to Civil Unrest
Jun 5 2020 // The New York State Department of Financial Services (DFS) has issued an emergency regulation requiring New York-regulated insurers to accelerate the claims process for businesses and individuals suffering damage as a...
Florida CFO Says China Owes State Financial Restitution from COVID-19 Outbreak
Apr 30 2020 // Florida Chief Financial Officer (CFO) Jimmy Patronis has sent a demand letter to Chinese Ambassador to the United States Cui Tiankai demanding financial restitution from the Communist Party of China (CPC) for...
Florida to Grant Temporary Agent Licenses Amid Testing Freeze
Apr 20 2020 // The Florida Division of Agent and Agency Services will resume its ability to begin processing insurance agent licenses despite the closure of testing centers around the state, under a directive from Florida CFO Jimmy...
How East Insurance Regulators Are Responding to the Coronavirus Pandemic
Mar 25 2020 // As insurers continue to monitor the spread and impact of COVID-19, insurance regulators across the East region of the U.S. are issuing guidance on how the industry can respond. “There is almost no aspect of the...
What State Insurance Regulators Have Asked of P/C Insurers to Address Coronavirus
Mar 25 2020 // As state insurance regulators monitor and respond to the coronavirus impact on insurance, property/casualty insurers are calling on them to coordinate their requests for data and ease up on some requirements. David A....
‘Cancel for Any Reason’ Travel Policies Offered in New York as Coronavirus Spreads
Mar 23 2020 // Six global and national insurance companies have agreed to offer ‘cancel for any reason’ travel policies in New York state as the coronavirus pandemic continues to spread. The insurance companies offering this...
NY Regs Ask Insurers for Details of Business Interruption Policies in Wake of COVID-19
Mar 20 2020 // The New York State Department of Financial Services (DFS) has instructed insurers to submit details of business interruption policies that have been provided to insureds, as well as the coverage each policy offers...
‘Cancel for Any Reason’ Travel Policies Offered in New York as Coronavirus Spreads
Mar 9 2020 // Six global and national insurance companies have agreed to offer ‘cancel for any reason’ travel policies in New York state after Governor Andrew Cuomo on Friday confirmed 11 additional cases of COVID-19,...
Windhaven Insurance Ceasing Operations; Texas Placing Windhaven National into Receivership
Mar 9 2020 // Auto and home insurer Windhaven Insurance has alerted its agents and employees that it is winding down the insurance operations of its entities, including Windhaven National Insurance Co., ClutchAnalytics and The Hearth...
New York Insurers Required to Waive Cost-Sharing for Coronavirus Testing
Mar 3 2020 // The New York State Department of Financial Services is requiring New York health insurers to waive cost sharing associated with testing for novel coronavirus, including emergency room, urgent care and office visits. New...
NRA Seeks to Block New York’s ‘Political’ Enforcement Over Liability Insurance Programs
Mar 2 2020 // The National Rifle Association of America (NRA) is seeking a preliminary injunction in federal court in an attempt to stop the New York State Department of Financial Services (DFS) from conducting enforcement proceedings...
