New York State Department of Financial Services News

N.Y. Emergency Reg Requires Insurers to Expedite Claims Related to Civil Unrest

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 result of looting. Governor Andrew M. Cuomo’s announced the …

‘Cancel for Any Reason’ Travel Policies Offered in New York as Coronavirus Spreads

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, bringing the statewide total number of cases to …

NRA Seeks to Block New York’s ‘Political’ Enforcement Over Liability Insurance Programs

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 against the association. This comes after DFS …

New York Regulator Alleges NRA Violated State Insurance Laws

The New York Department of Financial Services (DFS) announced that it has served a statement of charges against the National Rifle Association (NRA). The Department alleges that the NRA, which does not have a license to conduct insurance business in …

New York Man Arrested for More Than $33K Workers’ Compensation Fraud

Investigators from the Orange County Sheriff’s Office have charged a 56- year-old New York man with grand larceny in the third degree, a class D felony, and penalties for fraudulent practices, a class E felony. Robert Marra of Crawford, N.Y., …

New York Man Arrested for Arson, Insurance Fraud in Vehicle Fire Scheme

New York State Police have arrested Jonathan A Schuyler, 23, of Fort Plain, N.Y., for the felonies of arson in the third degree and insurance fraud in the third degree, according to a press release issued by The New York …

New York Man Arrested for Alleged Car Dealership Insurance Fraud Scheme

A Bronx County, N.Y., man has been arrested and arraigned on a felony complaint for an alleged insurance fraud scheme. Barrington Mayne, who is not an insurance broker, allegedly used his position and contacts at various car dealerships throughout Brooklyn, …

New York Fines Two Insurers $2.2M, Orders $8M in Rebates to Firefighters

The New York State Department of Financial Services (DFS) has fined Arch Insurance Company and National Union Fire Insurance Company of Pittsburgh, Penn., a combined total of $2.2 million in fines and ordered the insurers to provide a combined $8 …

Cuomo Nominates Lacewell to Replace Vullo as Superintendent of New York DFS

New York Governor Andrew Cuomo has nominated his chief of staff and counselor Linda Lacewell as superintendent of the New York State Department of Financial Services (DFS). The appointment was announced by Governor Cuomo’s office along with several of his …

NRA Sues New York, Alleging First Amendment Violations in Insurance Crackdown

The National Rifle Association (NRA) has filed a lawsuit against New York’s insurance regulator and Governor Andrew Cuomo, alleging a regulatory overreach by New York officials that has resulted in violations of the NRA’s First Amendment rights. The NRA’s lawsuit …