Featured Articles

Voted One of LexisNexis' Top Insurance Blogs for 2009

Cailie Currin
August 26, 2010 13:15

 Lexis Nexis has published its [Top 50 Insurance Blogs for 2009] and it was great to be included!  I am hopeful that this year's postings have been valuable to readers too.  One thing is for sure:  there are always things to talk about when it comes to the regulation of...

Guidance on Illustrations published by NYSID

Cailie Currin
September 03, 2008 14:05

The NYSID recently published "Guidance for Life Insurance Policy Illustrations."  It begins with the statement that "It has come to the Department's attention that there may be some confusion between the NAIC requirements for Life Insurance Policy Illustrations and those...

Recent Articles

Interesting Article about Benjamin Lawsky - NY's new Department of Financial Services Superintendent

Cailie Currin
July 20, 2011 11:31

 Here is an [interesting piece on Mr. Lawsky] who has been confirmed as the first superintendent of New York's new Department of Financial Services, which will be the combination of the Banking and Insurance Departments.  It appears in the blog [PolitickerNY].   While it may provide...

FINRA Coming to Insurers for Information

Cailie Currin
July 14, 2011 15:32

 In a recent speech to the IRI Government, Legal and Regulatory Conference, Richard G. Ketchum Chairman and CEO of FINRA indicated that, in an effort to make it easier for broker/dealers to respond to requests for information, FINRA has "launched a pilot program to collect data directly...

NY Issues Press Release and ยง308 Letters

Cailie Currin
July 05, 2011 21:13

 The New York State Insurance Department has issued a [press release] indicating that they have sent letters requesting information from the 172 licensed life insurers and fraternals.  The letter requires these insurers to use the United States Social Security Administration's Death...

A quote that has left me thinking...

Cailie Currin
June 21, 2011 14:22

Every once in a while I read something that just keeps coming back to me over and over again. Last week I read a brief piece in Bloomberg Businessweek that did that for me. Bill Gross, co-founder of PIMCO, was talking about his use of fake home buyers to get a feel for the sub-prime market during...

Governor Cuomo Announces Unanimous Senate Confirmation

Cailie Currin
May 25, 2011 21:05

http://www.ins.state.ny.us/press/2011/p1105241.htm

Lawsky Appointment to lead DFS is moving quickly

Cailie Currin
May 18, 2011 14:05

On May 16, 2011, NY Governor Cuomo announced the nomination of Benjamin Lawsky to be the superintendent of the newly created Department of Financial Services, of which Insurance will be a part.  The Times Union Capital Confidential (@TUCapCon) is tweeting this morning that the Senate Insurance...

Insurance Filings Modernization Initiative 4/21 Interim Report Posted

Cailie Currin
April 22, 2011 12:51

The New York State Insurance Department posted an [interim report] of the Insurance Filings Modernization Initiative on April 21. The specific recommendations this report discusses that are particularly relevant to life insurers are: the updated [product outlines]; the use of SERFF for...

NY Spending and Government Efficiency (SAGE) Commission Named

Cailie Currin
April 20, 2011 17:48

 On April 19, 2011, Governor Cuomo issued a [press release] naming members of the SAGE Commission. The press release states that "SAGE is the first major redesign of state government since Governor Alfred E. Smith in 1927." This commission is charged with conducting "a...