Update: NYC’s Largest Cab Insurer Ordered to Explore Sale After Losses September 6, 2024 By Claire Ballentine and Laura Nahmias New York’s insurance regulator ordered American Transit Insurance Co. to immediately find capital and explore a sale in a damning...
New York Regulator Orders Taxi Insurer to Weigh Sale After Losses September 5, 2024 By Claire Ballentine and Laura Nahmias New York’s insurance regulator issued a damning report laying out the severely flawed financial condition of New York’s largest insurer...
New York Proposes Pharmacy Benefit Manager Regulations February 7, 2024 The New York State Department of Financial Services has proposed market conduct regulations to govern pharmacy benefit managers (PBMs) operating...
New York DFS Announces New Climate Change Division, Appoints Dr. Chen to Lead November 3, 2021 By Elizabeth Blosfield In its latest move to address the effects of climate change, the New York Department of Financial Services (DFS) announced...
Governor Hochul Declares October as Cyber Security Awareness Month in New York October 21, 2021 New York Governor Kathy Hochul has proclaimed October 2021 as Cyber Security Awareness Month in New York state. The announcement...
New York Governor Hochul Signs Request for Expedited Major Disaster Declaration September 8, 2021 Following her visits to communities impacted by flooding from Hurricane Ida, New York Governor Kathy Hochul signed a request to...
Former Advisor to President Obama to Become New York’s Top Financial Regulator September 7, 2021 New York State Governor Kathy Hochul announced that Adrienne Harris has been nominated to lead the New York State Department...
New York Regulator to Collect, Publish Insurer Diversity Data to Promote Transparency March 16, 2021 By Elizabeth Blosfield The New York State Department of Financial Services (DFS) is calling on its regulated insurers to prioritize diversity of leadership...
New York Issues Letter to Regulated Entities Regarding Microsoft Exchange Breach March 12, 2021 The New York Department of Financial Services’ (DFS) Cybersecurity Division issued a March 9 letter to regulated entities regarding the...
New York Charges Johnson & Johnson with Insurance Fraud Over Opioid Claims September 18, 2020 By Jonathan Stempel New York state filed civil charges on Thursday accusing Johnson & Johnson of insurance fraud for downplaying the risks of...