New York Gov. Andrew Cuomo and the state’s Department of Financial Services announced the “bottom 10” banks with the worst statistics for paying out insurance claims to Superstorm Sandy victims. Officials said they have notified these banks to speed up …
New York Gov. Andrew Cuomo announced Wednesday that major banks and mortgage servicers will take action to expedite insurance payments to New York homeowners in the wake of Superstorm Sandy. Currently, insurance claim checks must be endorsed by the banks …
New York regulators launched a new online application to make it easier for the public to look at the data used by property/casualty insurers to support rate increases, introduce new products or change existing insurance products. Benjamin Lawsky, superintendent of …
New York regulators are expanding their investigation into the so-called force-placed insurance that target homeowners in financial distress. Benjamin Lawsky, the state’s superintendent for the financial services department, said Thursday that he has asked largest licensed force-placed insurers operating in …
New York Department of Financial Services, the new department that combines the state’s insurance and banking regulators, was officially launched on Monday, Oct. 3. Financial Services Superintendent Benjamin Lawsky set the mission and announced the structure of the new department …
