Search for: "SUPERINTENDENT OF INSURANCE OF THE STATE OF NEW YORK"
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18 Nov 2007, 9:01 pm
In Raffellini, the Court recognized that the Superintendent of Insurance's enactment of Regulation 35-D, which interpreted New York's insurance law regarding supplementary coverage. [read post]
12 Jan 2010, 1:10 am
Also, domestic life companies subject to New York Insurance Law Section 1202(b)(2) (imposing specific independence requirements for domestic life companies), and foreign or alien insurers which did not enter New York through an United States branch, are not subject to the audit committee requirements.Regulation 118 went into effect upon publication in the State Register on December 29, 2009 and applies to the reporting… [read post]
2 Oct 2008, 3:53 am
Other state insurance commissioners issued almost identical announcements and warnings as contained in the New York news release. [read post]
20 Nov 2009, 5:28 am
Earlier this week, the New York Legislature passed a bill establishing a comprehensive statutory framework for the regulation of life settlements. [read post]
31 Jul 2007, 6:05 am
So, the Superintendent says, New York must play catch-up with a big rate hike; *The State of New York had previously "appropriated" $691M of medical malpractice insurance reserves to balance the state budget from the Medical Malpractice Insurance Association. [read post]
9 Jul 2007, 9:24 am
In a recent presentation to the industry, the New York State Insurance Department's First Deputy Superintendent Kermitt Brooks several times used the phrase “speeding tickets” in the context of fines. [read post]
15 Oct 2008, 7:43 am
As part of Governor Paterson's call to make New York more affordable, the New York State Insurance Department issued a directive that required insurance companies to consider the impact of reduced driving due to higher gas prices before setting insurance rates, and as a result several insurers voluntarily reduced or withdrew their requested rate increases. [read post]
17 Apr 2012, 9:14 am
Galasso's Memorandum Decision for Executive Life of New York (ELNY) left open the question of whether Judge Galasso had granted judicial immunity to the Superintendent of the New York State Department of Financial Services (Superintendent), as ELNY's Receiver. [read post]
20 Oct 2010, 7:48 am
Here is what the news release from the State of New York's Insurance Superintendent said: Allstate has agreed to pay New York $1.2 million as part of a $10 million regulatory settlement over Allstate's claim handling software, New York State Insurance Superintendent James J. [read post]
14 May 2008, 2:14 am
Lang (3 N.Y.2d 350 [2004]); and2. converted New York fully into a "prejudice state" for late notice of claim defenses by adding New York Insurance Law § 3451, which would have required insurers to demonstrate "material prejudice" in order to support denials of coverage based on an insured's failure to give "timely notice of a claim". [read post]
30 Nov 2009, 6:33 am
Last week, the New York State Insurance Department released its working draft of a revised Regulation 68, a document that "follows an intensive review of Regulation 68 by the Department's Office of General Counsel and its Property Bureau, including meetings with representatives of insurers, health professionals, trial lawyers, health service providers and other stakeholders. [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]
29 Jan 2009, 7:04 pm
A opinion issued January 26, 2009 by the Office of General Counsel of the New York State Insurance Department finds that a statement that "state insurance guaranty funds provide additional level of protection for future structured settlement recipients", which is aimed at New York residents, runs afoul of the Insurance Law". [read post]
28 Mar 2015, 9:00 am
Selected reports and information published by New York State's Comptroller Thomas P. [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]
7 Sep 2011, 6:22 pm
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]
24 Feb 2010, 4:22 am
Hubbard, alleging that in approving the Amendment the Board “failed to follow Board Policy #6431 … and failed to comply with commitments it made in response to an Audit Report issued by the Office of the New York State Comptroller. [read post]
4 Dec 2023, 2:29 pm
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]
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]
7 Nov 2016, 2:47 pm
If the Proposal is adopted, New York would be the first state to mandate such cybersecurity requirements by law. [read post]
