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James Wrynn, deputy superintendent of Financial Services in New York, and the states former insurance superintendent before the banking and insurance departments were merged, is leaving the Department of Financial Services to join law firm Goldberg Segalla LLP.

Financial institutions Morgan Stanley and HSBC reached an agreement with guaranty insurer MBIA to withdraw from their legal challenges and go their separate ways, leaving five firms to battle it out over the insurers restructuring and accusations the banks fraudulently secured insurance coverage.

Financial institutions Morgan Stanley and HSBC reached an agreement with guaranty insurer MBIA to withdraw from their legal challenges and go their separate ways, leaving five firms to battle it out over the insurers restructuring and accusations the banks fraudulently secured insurance coverage.

New York today implements new speed-to-market rules that eliminate rate and form regulation of most commercial-risk insurance policies.

The Treasury Department has announced the 15 members of the Federal Advisory Committee on Insurance (FACI), which is charged with advising the newly created Federal Insurance Officebut state legislators are upset they arent being represented.

Officials of Chubb and Liberty Mutual and consumer advocate Birny Birnbaum are among 15 people named today to the Treasury Departments Federal Advisory Committee on Insurance.

Officials of Chubb and Liberty Mutual and consumer advocate Birny Birnbaum are among 15 people named today to the Treasury Departments Federal Advisory Committee on Insurance.

New Yorks new Superintendent of Financial Services Benjamin M. Lawsky announces the launch of the states Department of Financial Services, which merges the insurance and banking departments.