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18 Aug 2010, 8:02 am by Steven Caruso
Last month, New York Attorney General Andrew Cuomo subpoenaed Prudential Financial, MetLife and several other insurers as part of an investigation into possible fraud in the life insurance industry. [read post]
5 Mar 2012, 6:13 am by S2KM Limited
On March 15, 2012, the Supreme Court of Nassau County New York is scheduled to consider a Petition by the Superintendent of the New York State Department of Financial Services (Superintendent) for an Order of Liquidation and Approval of a Restructuring Agreement for Executive Life Insurance Company of New York (ELNY). [read post]
7 May 2007, 4:12 pm
The New York State Insurance Department recently posted new guidance on whole life policies that do not have a maturity or expiration date. [read post]
8 Sep 2011, 2:06 pm
No matter what stage in life, all local residents have much to gain from conducting New York estate planning. [read post]
7 Jul 2011, 12:00 pm by Nathan Koppel
A few days back, we noted that he had served subpoenas on some life insurers as part of a probe into whether insurers have defrauded clients by failing to identify dead policyholders and pay out their beneficiaries. [read post]
13 Dec 2011, 3:00 am
This weekend our New York estate planning attorney Bonnie Kraham had an article published in the Times Herald-Record where she explained the importance of beneficiary designations in New York estate plans. [read post]
25 Apr 2012, 2:05 pm
Failure to Consider the Estate and Gift Tax Consequences of Life Insurance 5. [read post]
26 Mar 2024, 12:33 pm by Jules M. Haas
Estate planning in New York is essential for the efficient settlement of a decedent’s estate. [read post]
16 Jan 2009, 5:00 am
The changes that Chapter 388 of the Laws of 2008 make to New York's Insurance Law take effect tomorrow, January 17, 2009.WHAT ARE THESE CHANGES? [read post]
7 Sep 2011, 6:22 pm by S2KM Limited
The New York State Insurance Department has posted a News Release on its website announcing the proposed liquidation plan for Executive Life Insurance Company of New York (ELNY) and providing additional information to supplement the petition for liquidation filed September 1, 2011 by New York Insurance Superintendent James Wrynn. [read post]
14 Apr 2022, 8:35 pm by Matthew Weiss
Getting a New York traffic ticket comes with a wide range of additional issues: worrying about how much it will cost you, being late to wherever it was you were going, and rising insurance costs, to name a few. [read post]
2 Jul 2019, 2:47 pm by Marc A. Simonetti and Evan M. Hamme
The New York State legislature or the New York City Council may address New York City’s conformity in a later legislative session. 1The new law provides a similar 95% GILTI exemption for life insurance companies under the Article 33 Insurance Corporation Franchise Tax. [read post]
4 Dec 2023, 2:29 pm by Currin Compliance
NY Regulators Secure $1 Million Settlement in Cyber Action Against First American Title Insurance CompanyIn a Press Release dated November 28, 2023, New York State Department of Financial Services Superintendent Adrienne Harris announced a Consent Order entered into by the Department related to a May 2019 data breach at…↓ READ MORE ↓ ICI Member LOG IN or SUBSCRIBE today! [read post]
26 Mar 2007, 7:34 am
As I read the front page story in today's New York Times on insurance companies that deny, deny, deny -- waiting for the policy holder to either give up or die -- I was reminded of a movie. [read post]
An applicant can be approved with up to $1500 of whole life insurance, and unlimited term life insurance is permissible. [read post]
14 Dec 2011, 2:18 pm by Los Angeles Lawyer
To crack down compensation fraud, the Office of the Inspector General of the New York State Worker’s Compensation Board, the New York State Insurance Fund and other insurers headed by the New York Department of Financial Services, conducted a joint-investigation. [read post]