Industry News; Advocacy

​New York insurers will be required to expedite ​handling of insurance claims resulting from recent episodes of civil unrest, according to a recent announcement by New York Gov. Andrew M. Cuomo. The announcement came during the governor's daily briefing on June 3. A news release on the governor's website stated: The Governor also announced the State Department of Financial Services will issue an emergency regulation to help businesses and consumers who suffered damage from looting and vandalism by requiring New York State-regulated insurance companies to expedite the resolution and payment of related insurance claims based on similar emergency relief applied in the aftermath of Super Storm…

​The New York State Department of Financial Services announced​ on January 9 that it has created a new Consumer Protection Task Force. Housed within the department, the task force "will provide formal input on the Department’s consumer engagement, policy development and research.," according to a DFS news release. The release also said, "One of the task force’s first priorities will be to help DFS build support for and implement the extensive consumer protections proposals included in Governor Cuomo’s 2020 State of the State agenda​, including measures to strengthen regulatory oversight of debt collectors, crack down on elder financial abuse, increase access to affordable banking services, and…