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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 ...
The office of the insurance commissioner may be part of a larger regulatory agency, or an autonomous department. Insurance law and regulation is established individually by each state. In order to better coordinate insurance regulation among the states and territories, insurance commissioners are members of the National Association of Insurance ...
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 Fraud Division has funding codified in California law to investigate the following areas of insurance fraud: Automobile, Workers' Compensation, Property Life and Casualty, Disability and Healthcare Fraud. In recent years, the some notable cases the Fraud Division has brought to prosecution are: Operation Spinal Cap [3] Operation Backlash [4]
Formal regulation of the insurance industry began in earnest when the first state commissioner of insurance was appointed in New Hampshire in 1851. In 1859, the State of New York appointed its own commissioner of insurance and created a state insurance department to move towards more comprehensive regulation of insurance at the state level. [8]
The View star and legal expert Sunny Hostin's husband, Dr. Emmanuel "Manny" Hostin, is among the nearly 200 people named in a new federal lawsuit that accuses the New York City doctor of insurance ...
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