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New York fines Rockland insurance company $45M for unlicensed work

Athene used an unlicensed office in New York City to negotiate billion dollars in annuity contracts, instead of using its licensed affiliate in Pearl River, Rockland County.

NY state claims some life insurers improperly challenged claims

A circular letter last month from the state Department of Financial Services is "reminding" life insurers of the conditions required to reject a life insurance claim, after the...

Zurich Insurance to refund $4.56 million

Zurich American Insurance Company has agreed to refund $4.6 million to policyholders of its New York statutory disability insurance policies because they failed to spend at least 60 percent of its premiums on claims, a violation of state law.

Report: Community banks thriving despite significant challenges

A report from the Department of Financial Services in New York shows community banks have decreased in number over the last 20 years but increased in total assets.

MBIA confident going into restructuring trial

A trial date of May 14 has been set in the case ABN Amro NV et al. v. Dinallo, in which three remaining plaintiffs are challenging MBIA’s 2009 restructuring.