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had offered low rates on health insurance plans and had enrolled 215,000 people statewide by 2015. But it was losing money, $77.5 million in 2014 and about $500 million in 2015.
The private companies selling individual plans in the New York State of Health marketplace had asked for rate increases averaging 24 percent, but the state instead approved rate increases averaging 8.6 percent.
Banks in New York and Connecticut have been advised by regulatory agencies and law enforcement to beware of threats to their data and computer systems.
Bank of America will use a new state Department of Financial Services database to help combat predatory loans.
A New York State Department of Financial Services investigation has uncovered $200 million in insurance funds for Hurricane Sandy being held by banks has not been sent to homeowners who need the money.
Gov. Andrew Cuomo announced that the Department of Financial Services has cut health insurance rate increases to control the cost of health care.
Legal and financial experts say the settlement could affect Connecticut banks that operate in New York state, perhaps causing them to modify their compliance departments.