Chubb Subsidiary Fined $1.3M for Underwriting NRA-Branded Insurance May 7, 2018 By Elizabeth Blosfield The New York Department of Financial Services (DFS) has fined Chubb Ltd. and its subsidiary, Illinois Union Insurance Company, $1.3...
NRA Sues Insurance Broker Lockton Over ‘Carry Guard’ May 7, 2018 By Polly Mosendz The National Rifle Association is suing Lockton Cos., alleging the insurance broker breached its contract with the firearms lobbying group....
N.Y. Updates Insurance Company Disaster Response, Recovery Plan Requirements April 25, 2018 The New York Department of Financial Services (DFS) has issued updated disaster response and recovery plan requirements for all insurance...
New York Governor Presses Banks, Insurers to Weigh Risk of NRA Ties April 20, 2018 By Jonathan Stempel New York Governor Andrew Cuomo on Thursday ramped up pressure on banks and insurers to revisit whether their ties to...
New York DFS Urges Insurers to Encourage the Use of Commercial GPS April 13, 2018 The New York Department of Financial Services (DFS) has advised its regulated insurers to encourage policyholders that investing in commercial...
Progressive is the Latest to Comply with New York Auto Insurance Rate Regulation April 2, 2018 A fourth major auto insurance company in New York has reached a compliance agreement with the New York Department of...
GEICO to Comply with New York Reg Banning Discriminatory Auto Insurance Rates March 14, 2018 A third major automobile insurance company in the New York market has reached agreement with the New York Department of...
New York Working to Deter Fraud, Manipulation in Virtual Currency Markets February 16, 2018 New York Department of Financial Services (DFS) has issued guidance reminding all virtual currency entities licensed by New York State,...
The New York DFS Wants Certificates of Compliance for Valentine’s Day January 31, 2018 By Scott Lyon What were you planning to give the New York Department of Financial Services for Valentine’s Day? Hopefully, a certificate of...
Filing Deadline Approaching for New York’s Cybersecurity Regulation January 23, 2018 New York Department of Financial Services Superintendent Maria T. Vullo has reminded all regulated entities and licensed persons covered by...