An average 9.1 percent increase in New York State’s workers compensation loss costs is scheduled to go into effect Oct. 1. The planned change was previously approved by the New York State Insurance Department in mid-July. Back in May, the …
Benjamin M. Lawsky has been nominated as superintendent of New York’s Department of Financial Services, the combined regulator of insurance, banking and related businesses in the Empire State. The new department — the combination of the Banking Department and State …
The merger of New York state’s banking and insurance departments might not create the powerful agency first advertised, according to Governor Andrew Cuomo’s recent budget deal with legislative leaders. At first Cuomo called for a merger that included the existing …
Almost nine in 10 suspected health care fraud cases in New York last year came from no-fault auto injury claims, a cottage industry so rife with abuse that the state Insurance Department wants to tighten regulations. Related Fraud Bureau investigations …
New York Gov. Andrew Cuomo’s proposed state budget contains slightly more money for the new agency he wants to create by combining existing banking and insurance regulatory departments than they now get. Cuomo’s proposed 2011-2012 budget recommends $564 million for …
A New York district attorney is seeking a special prosecutor to investigate possible wrongdoing at a now-closed crime lab. Nassau County District Attorney Kathleen Rice says she will ask court approval to appoint Eric Dinallo to lead an investigation. Dinallo …
A Middletown man who thought he was doing favors for unlicensed family members and friends by registering and insuring their cars was arrested for falsifying business records, the New York State Insurance Department reported. Ruben Godinez has been accused of …
