The New York Department of Financial Services today issued a bulletin to auto insurers doing business in New York urging them to adopt usage-based insurance programs.
New York Attorney General Eric Schneiderman asked a federal judge to dismiss a lawsuit filed by American International Group Inc. against the states Department of Financial Services and its superintendent, Benjamin Lawsky, saying the insurer is trying to interfere with a government probe.
American International Group Inc. defrauded the U.S. by failing to disclose it was selling insurance without a license during negotiations with the government over a bailout in the financial crisis, a former executive claimed in a lawsuit.
Insurer American International Group Inc on Thursday sued New York regulators to force them to back off a threatened costly enforcement proceeding over possible violations of state law by a former unit.
MetLife Inc., the largest U.S. life insurer, will pay $60 million after New York watchdogs found subsidiaries solicited business in the state without a license and made intentional misrepresentations to regulators.
MetLife Inc., the largest U.S. life insurer, will pay $60 million after New York watchdogs found subsidiaries solicited business in the state without a license and made intentional misrepresentations to regulators.
The N.Y. DFS has determined the car-sharing service RelayRides put New Yorkers at risk through false advertising, unlicensed insurance activity and other violations of law.