The New York State Department of Financial Services (DFS) has launched the DFS Connect platform, a portal that will centralize the department’s interactions with regulated entities and consumers. According to DFS Superintendent Adrienne Harris, DFS Connect is a “pivotal example” …
The New York Department of Financial Services (DFS) has issued new guidance to assist the more than 3,000 financial firms including insurers it regulates in addressing cybersecurity risks arising from artificial intelligence (AI). In a letter to companies, DFS Superintendent …
More small financial services businesses will be exempt, the rules will be tailored to reflect more diversity in businesses, and top executives of financial services firms will face heightened accountability under proposed changes to New York’s model financial services cybersecurity …
New York State Department of Financial Services (DFS) Superintendent Linda Lacewell spoke with Elizabeth Blosfield during the most recent episode of the Insuring Cyber Podcast about how she has always seen New York as a leader in cybersecurity and innovation. …
Insurance broker Aon has ended its business relationship with the Trump Organization, Insurance Journal has learned. The Trump Organization is the hotel, luxury residence and golf course business of the Trump family that is run by President Donald Trump’s sons, …
Twitter Inc. suffered from cybersecurity shortfalls that enabled a “simple” hack attributed to a Florida teenager to take over the accounts of several of the world’s most famous people in July, according to a report released on Wednesday. The report …
Berkshire Hathaway subsidiary Applied Underwriters will voluntarily halt the selling of a reinsurance-based, loss-sensitive workers’ compensation product in New York under an agreement with the state regulator who first raised questions about the product three years ago. Applied Underwriters will …
France’s AXA Group moved a step closer to closing on its acquisition of XL Group as Nw York insurance regulators have given their approval of the deal. New York’s Department of Financial Services (DFS) on Friday announced it had approved …
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 …
Insurers doing business in New York State must tell a regulator there about efforts to prevent computer hacking, detailing the precautions taken and the personnel devoted to the task. Benjamin Lawsky, superintendent of the state Department of Financial Services, said …
