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The New York State Legislature unanimously confirmed Benjamin M. Lawsky on May 24, 2011, as New York State's first Superintendent of Financial Services. [9] From May 24, 2011, until October 3, 2011, Lawsky also was appointed, and served as, Acting Superintendent of Banks for the former New York State Banking Department. [9]
The New York State Insurance Department was the first insurance department or agency in the United States to establish a capital markets group to examine and measure the risks in insurer investment practices, and was the first state to recognize the importance of segregating multiple lines insurance from financial guaranty insurance as a means ...
New York State Department of Financial Services (DFS or NYSDFS), responsible for regulating financial services and products; Florida Department of Financial Services (FLDFS), a state agency of Florida; Department of Financial Services, of the Ministry of Finance (India) See also. Michigan Department of Insurance and Financial Services (DIFS)
NYSIF is financially self-supporting and competes with private insurance carriers. It is required by law to provide the lowest possible premiums to maintain its solvency. [1] As of 2015, NYSIF was the largest workers' compensation insurance carrier in New York, with 46% of the market, and that year it earned $2.48 billion in premiums, placing ...
The agreement with the NY Department of Financial Services comes on the heels of a major lawsuit by the state's attorney general. Exclusive: Genesis reaches settlement with New York regulator ...
Homer said his time at DFS made him realize the risks inherent to other parts of finance supervised by the agency, from banking to insurance, and the potential of crypto to offer more visibility ...
Benjamin Meier Lawsky (born April 14, 1970) [1] is an American attorney and New York State's first Superintendent of Financial Services [2] serving through June, 2015, and former Acting Superintendent of Banks [3] serving through 2011.
The Department of Financial Services stripped nearly 20 cryptocurrencies from the list in its new guidance. New York crypto regulator removes Ripple and Dogecoin from token ‘greenlist’ in ...