Benjamin Lawsky Archives - Carrier Management

Scott Fischer Named as New York’s Top Insurance Watchdog

New York's financial regulator promoted Scott Fischer to be the state's top insurance watchdog, a position that involves overseeing about 1,700 companies with more than $4 trillion of assets. ...

New York’s Top Financial Regulator to Leave, Launch Cybersecurity Consulting Firm

Benjamin Lawsky will step down next month as New York's top bank regulator after four years, during which he threatened to take away the U.S. charters of some of the world's biggest banks and ...

Attacking Cyber Risk: NY Regulator Mandates Warranties from Insurer Vendors

Cybersecurity is likely the most important issue that the New York Department of Financial Services (DFS) will face in 2015, and perhaps for many years to come after that, New York Financial Services ...

AIG Challenges New York Regulator’s Authority Over Sales to Multinationals

American International Group Inc. sued to block New York's top financial regulator, Benjamin Lawsky, from fining it over marketing insurance overseas without a state license, claiming it would be ...

New York Announces Emergency Disaster Protocol for Insurers

New York Gov. Andrew Cuomo announced that his administration has established a new emergency disaster protocol that insurers should expect to follow in the event of future severe storms and other ...

New York’s Regulator Urges Obamacare-Like Standardization of Homeowners Policies

Homeowners' insurance needs to be more standardized because customers are confused about what their policies protect, New York's financial regulator said. Few fully understand all the complexities of ...

New York Regulator Eyes Lloyd’s Internal Probe in Iran Sanctions Inquiry

A New York regulatory investigation of Lloyd's of London for possible violations of Iran sanctions law has led to a government request for files of an internal probe by the insurer, a person familiar ...

New York Widens Probe Into Insurers’ Compliance with Iran Sanctions

Zurich Insurance Group AG is among companies being questioned by New York's insurance regulator in a widening investigation into compliance with a law imposing sanctions against Iran, a person ...

New York Probes 20 Foreign Reinsurers’ Compliance with Iran Sanctions

New York's financial regulator has asked 20 non-U.S. reinsurers whether they conducted business with entities linked to Iran, as part of a review of these companies' ability to comply with a new U.S. ...

New York Regulator Requests Details on Insurers’ Cyber Security Plans

New York's top financial regulator has asked some of the largest U.S. insurance companies to disclose details on their preparedness for cyber attacks, following a similar request to major banks ...