The New York State Department of Financial Services (DFS) News

New York’s High Court Upholds Insurance Regulation Opposed by Agents

New York insurance agents have lost their bid to overturn a state consumer regulation governing the sale of life insurance and annuity products that they believe is vague and exceeds the state insurance regulator’s authority. The Regulation 187 that agents …

New York Regulator Issues Guidance for Insurers Writing Cyber Policies in the State

The New York State Department of Financial Services (DFS) has issued new guidance spelling out best practices for New York-regulated property/casualty insurers that write cyber insurance. This serves as the first guidance the regulator has issued on cyber insurance in …

First Charges Filed Under New York’s Cyber Reg Involve First American Data Leak

The New York State Department of Financial Services (DFS) has filed cybersecurity charges against a title insurance provider for exposing millions of documents containing consumers’ personal information. The charges are the first to be filed under DFS’ cybersecurity regulation, Part …