IFAwebnews » Andrew Cuomo

N.Y. forces life insurers to seek out beneficiaries every three months

Bob Graham — Tue, 15 May 2012 11:09:18 +0000

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.

N.Y. forces life insurers to seek out beneficiaries every three months via IFAwebnews.

N.Y. says $262 million in death benefits paid to found beneficiaries

Bob Graham — Mon, 23 Apr 2012 16:54:37 +0000

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.

N.Y. says $262 million in death benefits paid to found beneficiaries via IFAwebnews.

Grandfathered retirees in N.Y. fight premium payment increase

Jaime L. Brockway — Wed, 25 Jan 2012 11:11:22 +0000

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.

Grandfathered retirees in N.Y. fight premium payment increase via IFAwebnews.

N.Y. orders 11 health insurers exceeding MLRs to refund $144.5 million

Bob Graham — Thu, 10 Nov 2011 11:40:23 +0000

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.

N.Y. orders 11 health insurers exceeding MLRs to refund $144.5 million via IFAwebnews.

Cuomo’s chief of staff confirmed as leader of merged regulatory office

IFAwebnews Staff — Wed, 25 May 2011 12:33:54 +0000

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).

Cuomo’s chief of staff confirmed as leader of merged regulatory office via IFAwebnews.

New York banking, insurance department merger awaits Cuomo’s signature

IFAwebnews Staff — Fri, 01 Apr 2011 16:27:05 +0000

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

New York banking, insurance department merger awaits Cuomo’s signature via IFAwebnews.

Cuomo outlines details of merged banking, insurance departments

IFAwebnews Staff — Fri, 25 Feb 2011 10:54:21 +0000

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.

Cuomo outlines details of merged banking, insurance departments via IFAwebnews.

NYIA: Cuomo’s budget would mean higher business insurance rates

IFAwebnews Staff — Mon, 14 Feb 2011 21:29:19 +0000

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.

NYIA: Cuomo’s budget would mean higher business insurance rates via IFAwebnews.

N.Y. drops felony charges against two former Marsh executives

Bob Graham — Tue, 18 Jan 2011 15:29:05 +0000

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.

N.Y. drops felony charges against two former Marsh executives via IFAwebnews.

N.Y. governor wants to combine state’s banking, insurance departments

Bob Graham — Thu, 06 Jan 2011 16:31:24 +0000

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.”

N.Y. governor wants to combine state’s banking, insurance departments via IFAwebnews.