N.Y. Announces New, Targeted Cybersecurity Assessments for Insurers February 9, 2015 New York State Department of Financial Services (DFS) today released a report on cybersecurity in the New York insurance industry...
AIG Pays $35M Penalty to Resolve Probe of Units Sold to MetLife November 2, 2014 By Zachary Tracer American International Group Inc. agreed to pay a $35 million penalty to resolve a New York State probe into unlicensed...
N.Y. Orders Narragansett Bay Insurance to Pay $327,400 Fine May 29, 2014 New York Gov. Andrew Cuomo’s administration announced today that Narragansett Bay Insurance Company will pay a $327,400 penalty for failing...
New York AG Says AIG’s Lawsuit Is Bid to Hobble Unlicensed Sales Probe May 21, 2014 By Bob Van Voris and Patricia Hurtado New York Attorney General Eric Schneiderman asked a judge to dismiss American International Group Inc.’s lawsuit against the state’s top...
N.Y. Regulators to Start Licensing Title Insurance Agents for First Time April 14, 2014 New York’s new budget gives state financial regulators authority to issue licenses to title insurance agents for the first time....
New York DFS Becoming ‘National Player’ Among Insurance, Banking Regulators April 7, 2014 By Greg Farrell On a June morning in 2012, New York bank examiners paid surprise visits to the offices of Ocwen Financial Corp.,...
N.Y. Regulator Lawsky Sued by AIG Over Probe Into Unlicensed Insurance April 3, 2014 By Bob Van Voris and Zachary Tracer American International Group Inc. sued to block New York’s top financial regulator, Benjamin Lawsky, from fining it over marketing insurance...
N.Y. Regulators Say MetLife Fined $60M, to Cooperate in Probe of AIG March 31, 2014 By Zachary Tracer MetLife Inc., the largest U.S. life insurer, will pay $60 million after New York watchdogs found subsidiaries solicited business in...
Car-Sharing Service RelayRides to Pay $200K Penalty to New York DFS March 10, 2014 New York State’s Department of Financial Services (DFS) announced its investigation has found that the car-sharing service RelayRides put New...
N.Y. Proposes Sweeping Rules to Reform ‘Force-Placed’ Insurance Business September 19, 2013 New York State officials today proposed a comprehensive set of rules to reform the “force-placed” — also known as “lender-placed”...