New York State Department

• Consumer Advocates Say Force-Placed Insurance Needs Regulation

  By Mark E. Ruquet, PropertyCasualty360  |  May 22, 2012

  The lack of competition and exorbitant rate charges point to a need for strong regulation of force-placed insurance programs, say consumer advocates in New York.

• Fatal Motorcycle Crashes Showed No Improvement Last Year

  By Anya Khalamayzer, PropertyCasualty360.com  |  May 22, 2012

  Preliminary data shows no improvement in motorcycle fatalities in 2011 despite a strengthening economy and rising gas prices, says the Governors Highway Safety Association.

• BofA Tells Judge MBIA Split Must Be Annulled

  By Karen Freifeld, Reuters  |  May 16, 2012

  Bond insurer MBIA Inc's restructuring during the financial crisis must be annulled because it was based on bad information, a lawyer for banks challenging the restructuring said on Tuesday.

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  Calif., N.Y. & Wash. State to Make Climate Change Survey Mandatory

  By Mark E. Ruquet, PropertyCasualty360.com  |  February 2, 2012

  Citing the need for regulators to understand how the risk of climate change can impact carriers, three states say they will require insurers to respond to the climate-risk survey adopted by the National Association of Insurance Commissioners in 2009.

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  Natural Gas: On Fracking Exposures

  By Bonnie Cavanaugh  |  January 20, 2012

  The practice of drilling for natural gas, known as fracturing or “fracking,” has come under the insurance industry’s microscope, says Matt Pateidl, vice president of environmental risk for Lockton Inc. in New York. The brokerage has several clients involved in fracking: from those who manufacture the pipelines to those who...

• Insurance Industry Not Ready To Comply With N.Y.C. Builder Rules

  By Mark E. Ruquet, PropertyCasualty360.com  |  June 7, 2011

  Building contractors run into problems doing business in New York City after June 13 when a new set of insurance requirements is scheduled to take effect, says an independent agent group.

• N.Y. Producer Groups Help Prepare Members For Disclosure Regulations

  By Mark E. Ruquet, PropertyCasualty360.com  |  September 6, 2010

  While controversy surrounds the implementation of producer disclosure regulations by the New York State Department of Insurance, associations say they are obligated to prepare agents for the new mandates, like them or not

• Fraud of the Week: Playing for Poughkeepsie

  By Eric Gilkey, PropertyCasualty360.com  |  June 11, 2010

  A 60-year-old man was recently arrested for receiving workers' compensation payments after he swore he could hardly get out of the house and could not even walk after a work-related injury.

• Integro Hires N.Y. Deputy Superintendent

  By Mark E. Ruquet, PropertyCasualty360.com  |  April 5, 2010

  New York-based insurance brokerage Integro announced it has hired a former New York Insurance Department deputy superintendent who helped draft the state's controversial disclosure rules, as its chief compliance officer.