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The Martin Act, which gives the New York attorney general extraordinary enforcement powers, will drive companies out of the state unless businesses lobby to change it, according to Starr Insurance Holdings Chairman and CEO and longtime AIG boss Maurice Hank Greenberg.

Insurance regulation should focus on deterring future wrong acts, not on punishing the sins of the past, New Yorks top regulator said here Friday. ACE's Greenberg notes that building ACE would be "far more difficult" in today's environment.

Insurance regulation should focus on deterring future wrong acts, not on punishing the sins of the past, New Yorks top regulator said here Friday. ACE's Greenberg notes that building ACE would be "far more difficult" in today's environment.

N.Y. Gov. Andrew M. Cuomo announced his Administration has banned a first round of 18 doctors and other health service providers from billing New Yorks no-fault auto insurance system as part of an extensive and ongoing Department of Financial Services investigation.

N.Y. Gov. Andrew M. Cuomo announced his Administration has banned a first round of 18 doctors and other health service providers from billing New Yorks no-fault auto insurance system as part of an extensive and ongoing Department of Financial Services investigation.

New York Gov. Andrew M. Cuomo says his administration has put in place new protocols insurance companies can expect to follow after significant catastrophes.

Residential policies need to be simplified because customers are confused about what their policies protect, said Benjamin Lawsky, superintendent of New Yorks Department of Financial Services, in an exclusive interview with Bloomberg.

Residential policies need to be simplified because customers are confused about what their policies protect, said Benjamin Lawsky, superintendent of New Yorks Department of Financial Services, in an exclusive interview with Bloomberg.