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New York News and Information
New York: Insurance Department Invites Comment on Burdensome, Costly Regulations
The New York Insurance Department has issued an invitation for comment from regulated entities and interested parties “to identify existing regulations that impose unnecessary, burdensome or excessive costs, paperwork, reporting or other requirements.” (Posted: 3/16/2010)
New York: Systemic No-Fault Problems, Potential Solutions Outlined for Senators
The factors driving no-fault claims cost increases, including rising medical expenses fueled by overutilization and organized fraud, were described during a Senate Insurance Committee hearing last week along with potential solutions. (Posted: 2/9/2010)
2009 SUMMARY OF NEW STATE LAWS – NEW YORK
(Posted: 1/22/2010)
New York: NYIA Files Suit Over Assessments and Allocation Practices
The New York Insurance Association last week sued the state to challenge the pernicious practice of charging domestic insurers increasingly higher assessments for insurance department funding and then using the funds for unrelated purposes. (Posted: 1/19/2010)
The New York Insurance Association, Inc. filed suit today in the State Supreme Court to stop the state’s diversion of assessments that are meant to pay for the expenses of the New York State Insurance Department, to fund noninsurance programs. (Posted: 1/13/2010)
New York: No-Fault Reform Garnering Attention; Legislative Hearing Planned
The problem of increased no-fault personal injury protection claims costs in New York has garnered increased attention in recent months, and legislative hearings on the matter are being planned in both chambers of the Legislature. (Posted: 1/12/2010)
New York: Paterson Cites Goal of Establishing Insurance Exchange in State of the State Speech
New York Gov. David Paterson pushed the concept of re-establishing the New York Insurance Exchange to a higher level of prominence by including a mention of it in his annual State of the State speech last week. (Posted: 1/12/2010)
New York: NAMIC Cites Concerns Over Assessments in Comments to Assembly Insurance Committee
NAMIC expressed serious concern with both the size and method of determining growing assessments on domestic insurers in comments submitted recently to the Assembly Standing Committee on Insurance. (Posted: 1/5/2010)
New York: Department Proposes Changes to Reform Auto No-Fault Regulation
In an effort to control escalating costs, the New York Insurance Department has issued a draft revision of Regulation 68, which implements the state’s auto insurance law, for review and comment by interested parties. (Posted: 12/1/2009)
New York: Superintendent Wrynn Describes ‘Major’ Initiative to Streamline Filing Approval Procedure
In two recent speaking engagements before property/casualty insurance industry audiences, New York Superintendent of Insurance James Wrynn described a “major” initiative to streamline the processing of rate and form filings. (Posted: 11/17/2009)
New York: NAMIC Files Comments on Auto Flex-Rating Regulation (10/6/2009)
New York: Department Proposes Final Flex-Rating Regulation (9/8/2009)
New York: Governor Names Wrynn to Replace Dinallo as Superintendent (8/25/2009)
New York: Revised Draft of Producer Compensation Rule Includes Representation Distinction (7/14/2009)
New York: NAMIC Submits Comments Opposing Department Catastrophe Reserve Proposal (6/2/2009)
New York Insurance Superintendent Resigns (5/29/2009)
New York Members in Washington for 2009 CCP (5/5/2009)
New York: Court of Appeals Unmoved by NAMIC Amicus Arguments Regarding Earth Movement Exclusion (5/5/2009)
New York: Department Revives Catastrophe Reserve Regulation Proposal (4/21/2009)
New York: Budget Proposals Affecting Insurers Amended Favorably (4/7/2009)
New York: Department Circulates Producer Compensation Disclosure Requirement (2/17/2009)
New York: Department Issues Auto Flex-rating Regulations (1/20/2009)
New York: Breslin to Chair Senate Insurance Committee (12/16/2008)
Property & Casualty Committee Considers New Working Group on Contract Certainty (12/10/2008)
New York: Mere Non-occupancy Insufficient Grounds for Mid-term Cancellation, DOI Says (12/2/2008)
Bruce D. Thomas Begins Term as 2008 - 2009 NAMIC Chairman (10/1/2008)
NAIC Condemns Wall Street Journal Editorial on Origin of AIG Problems, Linkage to State Insurance Regulation (9/30/2008)
Former House Speaker, NY Insurance Chief Highlight NAMIC Convention (9/28/2008)
MEDIA ADVISORY: Eric Dinallo to Speak at NAMIC Convention (9/26/2008)
New Study Suggests Putting Off Driver Licensure to Save Lives (9/9/2008)
New York: Department Directs Insurers to Account for Reduced Driving Due to Gas Prices (8/12/2008)
New York: NAMIC Urges Department, Attorney General Not to Impair Appropriate Compensation Methods (8/12/2008)
NAMIC Urges New York Officials Not to Impair Appropriate Agent Compensation Methods (8/11/2008)
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