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The New York Department of Financial Services proposed new rules today that will prohibit forced-placed insurers from placing such coverage on mortgaged property serviced by an affiliated bank or servicer.

The New York Department of Financial Services proposed new rules today that will prohibit forced-placed insurers from placing such coverage on mortgaged property serviced by an affiliated bank or servicer.

Five years after AIGs emergency takeover by the Federal Reserve Board, a National Economic Council report touts the bailouts successes, while the New York DFS reopens an investigation into the insurers risk-management practices leading up to the federal actions.

Five years after AIGs emergency takeover by the Federal Reserve Board, a National Economic Council report touts the bailouts successes, while the New York DFS reopens an investigation into the insurers risk-management practices leading up to the federal actions.

The New York Department of Financial Services is asking Lloyds of London officials for details about an internal Lloyds market probe regarding potential violations by its managing agents of U.S. laws barring companies from doing business with Iran.

The Federal Advisory Committee on Insurance has gotten its charter renewed for two more years. FACIs original two-year charter was up Aug. 4. The new charter was renewed until July 29, 2015.

The Federal Advisory Committee on Insurance has gotten its charter renewed for two more years. FACIs original two-year charter was up Aug. 4. The new charter was renewed until July 29, 2015.

Liberty Mutual Group subsidiaries have filed a suit challenging New Yorks decision to close a state workers compensation fund dealing with settled claims that are later reopened.