New York State’s highest court ruled unanimously yesterday that the entity which supervises New York insurance companies in liquidation is not a state agency subject to audit by the state comptroller.

The decision by the Court of Appeals settles a dispute between agencies over the status of the New York Liquidation Bureau that goes back to January 2004, when the comptroller sought to audit the financial management and operating practices of the Bureau and issued 10 subpoenas.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.