New York has instituted new regulations requiring all life insurers marketing in the state to regularly search a government database of recent deaths, seeking deceased policyholders so beneficiaries who have not made claims can be paid.

A New York investigation into how insurance companies track life insurance policyholders and their beneficiaries resulted in more than 32,000 payments totaling $262.2 million, more than four times its tally in December.

A New York advocacy organization filed suit against the state and governor, asking them to roll back a 2% increase in the percentage public service retirees pay toward the cost of their health insurance premiums.

Eleven health insurers were ordered by New York regulators to refund $114.5 million to policyholders because they ran afoul of the medical loss ratio requirements in the state.

The New York State Senate unanimously confirmed Benjamin M. Lawsky, Gov. Andrew Cuomo’s chief of staff, as superintendent of the Department of Financial Services (DFS).

New York’s banking and insurance departments will be merged, putting into effect a proposal Gov. Andrew Cuomo made before taking office in January.

If New York Gov. Andrew Coumo has his way, the state’s banking and insurance regulators will be combined and have slightly more money to work collectively than they have separately.

A New York property-casualty insurance trade group doesn’t like two provisions of New York Gov. Andrew Cuomo’s proposed budget because it could mean increased insurance costs for businesses.

The New York Attorney General’s Office has withdrawn felony monopoly charges against two former Marsh & McLennan Cos. executives accused of accepting contingent commissions, according to their law firm.

New York’s new governor wants to merge the state’s banking and insurance departments, arguing that the streamlining would save money and prevent activity from “falling between the cracks of our regulatory agencies.”