The New York State Insurance Department recently signed an agreement with regulators in Thailand that calls for increased cooperation between the two in investigating insurance matters.
The agreement formalizes coordination between the two regulatory bodies.
“This agreement between Thailand and New York is important because both of our regulatory organizations share a strong commitment to safeguarding policyholders by ensuring the continued sound, prudent conduct of insurer financial obligations,” said Acting Superintendent Kermitt Brooks.
His counterpart, Chantra Purnariksha, Secretary-General for Thailand’s Office of Insurance Commission, added “the global financial turmoil signifies the need for properly functioning prudential and supervisory systems as well as the need for increased supervisory cooperation.”
Under the agreement, either regulator may request assistance from the other, including obtaining information on a regulated person or entity.
New York regulators have entered into similar agreements with insurance regulators in the United Kingdom, Japan, Germany, Taiwan, Bermuda, France and Macau.
Topics New York
Was this article valuable?
Here are more articles you may enjoy.
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh 
Former Ole Miss Standout Player Convicted in $194M Medicare, CHAMPVA Fraud 
Married Insurance Brokers Indicted for Allegedly Running $750K Fraud Scheme 
What Analysts Are Saying About the 2026 P/C Insurance Market From This Issue
