The New York Compensation Insurance Rating Board (NYCIRB), a non-governmental rate service organization, has proposed an 11.7% decrease in the overall loss cost level in New York State. The change was proposed in its 2018 loss cost filing with the …
Residents in the Northeast cleaned up Wednesday, a day after powerful storms pounded the region with torrential rain and marble-sized hail, leaving at least three people dead and more 200,000 homes and businesses without power. Connecticut officials said men in …
The National Rifle Association (NRA) has filed a lawsuit against New York’s insurance regulator and Governor Andrew Cuomo, alleging a regulatory overreach by New York officials that has resulted in violations of the NRA’s First Amendment rights. The NRA’s lawsuit …
New York Gov. Andrew Cuomo says a proposal to open supervised injection sites for illegal drug users in an effort to combat fatal overdoses will be closely reviewed. Cuomo said Friday that the goal of fighting opioid overdoses is “laudable.” …
An ex-chief executive officer of AIG’s Financial Products unit repeatedly told a U.K court that political and media pressure didn’t influence the company’s decision to “wipe out” a $600 million employee bonus pool during the financial crisis. “We had pressure …
Nearly $3 million in additional relief funding is going to communities in five upstate New York counties along Lake Ontario to help them recover from last year’s flooding. Gov. Andrew Cuomo announced Monday that the state had awarded $2.9 million …
New York Governor Andrew Cuomo on Thursday ramped up pressure on banks and insurers to revisit whether their ties to the National Rifle Association and other gun rights groups harm their reputations and the public interest. Cuomo, a Democrat, noted …
The New York State Workers’ Compensation Board (the Board) has proposed improvements in medical care for injured workers. Its proposal includes an increase in medical reimbursement to providers who treat workers’ compensation claimants and the adoption of a universal claim …
The New York Department of Financial Services (DFS) has advised its regulated insurers to encourage policyholders that investing in commercial global positioning system (GPS) equipment could reduce motor vehicle collisions and result in lower insurance premiums. This move comes after …
New York officials say two more counties that sustained extensive shoreline damage from Lake Ontario flooding last year are now eligible for federal recovery aid. Gov. Andrew Cuomo and U.S. Sens. Chuck Schumer and Kirsten Gillibrand, all Democrats, announced Friday …
