Anthony Albanese Named Acting Superintendent of New York’s Department of Financial Services

An acting superintendent has been named to succeed Benjamin M. Lawsky, Superintendent of the New York Department of Financial Services (“NYDFS”), the New York agency that regulates insurance companies and banks.

Anthony Albanese, Superintendent Lawsky's chief of staff, has gotten the nod.

Mr. Albanese joined the DFS in 2011. Before that, he was a partner at Weil, Gotshal & Manges LLP.

In a letter to his staff announcing the appointment, Superintendent Lawsky said, “I know that under his leadership DFS will continue all of the important initiatives we have under way while also continuing to be a smart, modern, and forward-thinking prudential regulator.”

New York Governor Andrew M. Cuomo is conducting a search for a permanent replacement for Superintendent Lawsky, who reportedly will be opening a law and consulting firm.

Learn more:

New York's Top Insurance Regulator, a/k/a the “Sheriff of Wall Street,” to Resign

New York Regulator Approves Lower Title Insurance Rates for Refinancings

New York Proposes “Anti-Inducement” Regulations for Title Insurance Industry

New York State Department of Financial Services Expands Its Cyber Focus to Insurers

New York Law Now Requires Disclosure of Out-of-Network Medical Bills, Holds Consumers Harmless for Out-of-Network Bills in Certain Cases

New York Regulator Announces New, Targeted Cyber Security Assessments for Insurance Companies

New York Seeks “Non-Renewal” and Other Information from Insurers in Light of Congress' Failure to Renew TRIA

New York Insurance Regulator Notifies Insurers that Medically Necessary Treatment for Gender Dysphoria Cannot be Denied

Lyft and New York Regulators Reach Agreement that Permits Lyft to Operate in New York

Superstorm Sandy: Narragansett Bay Insurance to Pay $327,400 to Settle State Charges It Failed to Perform Timely Inspections on Sandy Claims

New York Urges Auto Insurers to Adopt “Usage-Based Insurance” Programs