Search for: "SUPERINTENDENT OF INSURANCE OF THE STATE OF NEW YORK"
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30 Jul 2020, 2:12 pm
Ever since the New York State Department of Financial Services (DFS) instituted its first-in-the-nation Cybersecurity Regulation[1] in 2017 (covered in our post here), banks, insurance companies, and others in the financial services industry wondered what would trigger an enforcement action under its broad purview. [read post]
3 Jul 2020, 4:00 am
., July 2, 2020), a New York state appellate court rejected a challenge by several religious organizations and other plaintiffs to a New York administrative regulation requiring health insurance policies in New York to provide coverage for medically necessary abortion services. [read post]
16 Jun 2020, 7:41 am
At any time, the Superintendent may determine that they are the appropriate GWS for an IAIG that conducts substantial insurance operations in New York. [read post]
18 May 2020, 4:58 pm
New York: On March 30, New York Governor Andrew Cuomo issued Executive Order No. 202.13 that, among other things, imposes a moratorium on an insurer cancelling, non-renewing, or conditionally renewing any insurance policy issued to an individual or small business or, in the case of a group insurance policy, insuring certificate holders that are individuals or small businesses, for a period of 60 days for any such policyholder… [read post]
24 Apr 2020, 2:23 pm
While New York’s executive order defines an insurer to include an excess (surplus) lines insurance company, Excess Line Association of New York Bulletin No. 2020-17 (as revised on April 6, 2020) indicates that it is the position of the New York Department of Financial Services that New York’s moratorium does not apply to commercial lines insurance policies issued by surplus lines… [read post]
21 Apr 2020, 4:11 pm
New York: The New York Workers Compensation Bureau issued notice of its adoption of amendment to 12 NYCRR 325-1.8, 329-1.3, 329-4.2, 333.2 and 348.2 (COVID-19 Telemedicine), which provides for telemedicine visits under certain conditions. [read post]
8 Apr 2020, 3:55 pm
Health Insurance New York: On April 8, on an emergency basis, the New York State Department of Financial Services issued a new emergency regulation (Regulation 62), which requires health plans to defer the payment of insurance premiums due under individual and small group commercial health insurance plans through June 1st for consumers and businesses experiencing financial hardship due to the COVID-19 pandemic. [read post]
31 Mar 2020, 8:45 pm
New Mexico: On March 26th, Superintendent Russell Toal issued Bulletin 2020-007 to all domestic insurers, all non-domestic insurers with offices in New Mexico, and all producers with offices in New Mexico, reminding essential businesses, such as insurance, to adhere to public health “social distancing” guidelines. [read post]
31 Mar 2020, 12:35 pm
Pursuant to the bill, insurers paying business interruption claims can seek reimbursement from the New York Superintendent of Insurance. [read post]
31 Mar 2020, 4:31 am
Under the Venezuelan 1998 Commercial Arbitration Act and as a party to the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, Venezuela recognises foreign arbitral awards. [read post]
28 Mar 2020, 12:00 pm
New York: The Department of Financial Services (“DFS”), in response to inquiries received from regulated insurance persons and entities, issued industry guidance on electronic signatures, records, and transactions. [read post]
26 Mar 2020, 3:31 pm
” New Part 119 applies to regulated institutions, which are defined as “any New York regulated banking organization as defined under New York Banking Law and any New York regulated mortgage servicer entity subject to the authority of the Department. [read post]
25 Feb 2020, 12:57 pm
” In addition, at a recent New York City Bar Association event earlier this month, NYDFS Superintendent Linda Lacewell strongly suggested that the regulator will soon begin enforcement in earnest. [read post]
24 Jan 2020, 9:58 am
These provisions largely mirror those already imposed by the Emergency Regulations in New York. [read post]
27 Sep 2019, 12:55 pm
Bittrex was ordered to immediately cease doing business in New York, and given 60 days to wind down its New York operations. [read post]
9 Aug 2019, 3:00 am
El Paso Shooting Suspect’s Manifesto Echoes Trump’s Language MSN – Peter Baker and Michael Shear (New York Times) | Published: 8/4/2019 At campaign rallies before last year’s midterm elections, President Trump repeatedly warned that America was under attack by immigrants heading for the border. [read post]
6 Aug 2019, 3:09 pm
Boards and Cybersecurity Every board now knows it’s company will fall victim to a cyber-attack, and even worse, that the board of directors will need to clean up the mess and superintend the fallout. [read post]
1 Aug 2019, 1:27 pm
The post New York DFS Announces New Research and Innovation Division appeared first on Insurance & Reinsurance. [read post]
New York DFS Consumer Protection and Financial Enforcement Division: New Name, New Look, Old Mandate
29 May 2019, 12:08 pm
On April 29, 2019, just months into her new job at the New York State Department of Financial Services (“DFS”), acting DFS Superintendent Linda Lacewell announced a significant reorganization within the financial and insurance regulator. [read post]
29 May 2019, 10:59 am
”[10] Insurance licensees of a state. [read post]
