Eliot Spitzer News

N.Y. vows to revamp regulation to remain financial capital

New York Gov. Eliot Spitzer has created a commission to identify ways for New York to enhance its status as a world financial capital by modernizing its regulatory scheme and perhaps merging state regulation of insurance, banking and securities. “The …

Declarations

21st Century “The financial world has changed and we must change with it to retain our leadership position. This panel will help the state bring its regulatory structure into the 21st Century, encouraging the use of cutting edge technology and …

Declarations

Declarations 21st Century “The financial world has changed and we must change with it to retain our leadership position. This panel will help the state bring its regulatory structure into the 21st Century, encouraging the use of cutting edge technology …

N.Y. vows to revamp regulation to remain financial capital

New York Gov. Eliot Spitzer has created a commission to identify ways for New York to enhance its status as a world financial capital by modernizing its regulatory scheme and perhaps merging state regulation of insurance, banking and securities. “The …

News Currents

Businesses protest N.Y.’s ‘scaffold law’ as session nears end With the New York Legislature set to adjourn on June 21, business associations and groups representing the state’s agriculture and construction industries again urged Gov. Eliot Spitzer and state legislators to …

N.Y. State, Towns Plan Insurance Fraud Prevention Day for June 27

New York Governor Eliot Spitzer, New York City Mayor Michael Bloomberg along with more than 30 mayors and town supervisors throughout the state have proclaimed June 27 as Insurance Fraud Prevention Day in support of the efforts of The New …

N.Y. Aims to Cut Costs, Time of Workers Comp Dispute Resolution

New York State Insurance Superintendent Eric Dinallo has issued a plan to reform the resolution of disputed workers’ compensation claims. According to officials, the plan “substantially speeds” the resolution of disputed claims from over 6-months to 90-days. Dinallo outlined the …

AIG to Record $50 Million Charge in Mortgage Fee Settlement

American International Group Inc. has settled with a federal banking regulator allegations that it charged homeowners excessive mortgage fees and didn’t properly consider their credit ratings. AIG, an insurance giant that also runs a home mortgage business, said last Friday …

N.Y. Businesses Renew Call for Reform of ‘Scaffold Law’

Business associations and groups representing New York’s agriculture sector and construction industry have again urged Governor Eliot Spitzer and state legislators to reform New York’s so-called “scaffold law.” The scaffold law — also known as sections 240/241 of the Labor …

People and Places

New York Superintendent of Insurance Eric Dinallo announced the appointment of 11 senior executives to positions on the Insurance Department’s leadership team. Kermitt J. Brooks has been named first deputy superintendent. As second in command, he oversees all the deputy …