Please ensure Javascript is enabled for purposes of website accessibility

Tag Archives: department of financial services

New cybersecurity rules proposed

New York state regulators have proposed new cybersecurity requirements for banks and insurers intended to protect them and consumers. The Department of Financial Services’ proposal, subject to public comment, would require financial institutions to adopt written policies and designate individual ...

Read More »

DFS issues new requirement for life insurers

Insurance companies that issue life insurance policies in New York state must now implement reasonable procedures to identify unclaimed death benefits and find (and pay) their beneficiaries — this according to a new regulation issued by the New York State ...

Read More »