Department of Financial Services News

Ten Appointed to Newly Formed New York State Insurance Advisory Board

Financial Services Superintendent Maria T. Vullo has announced the 10 appointees who will serve on the newly formed Department of Financial Services (DFS) State Insurance Advisory Board. Governor Andrew M. Cuomo signed legislation to create the board earlier this year. …

New York Rule Says Insurers Must Seek Beneficiaries

Insurers doing business in New York are now required to regularly search a government list of recent deaths to identify policyholders, then find and pay beneficiaries even when no claims are made. New York State Department of Financial Services says …