News

​​​Superintendent of Financial Services Linda Lacewell has announced the appointment of My Chi To as Executive Deputy Superintendent of the Insurance Division at the Department of Financial Services. She replaces Laura Evangelista, who served in that role since June 2018.  My Chi is a partner in Debevoise & Plimpton’s restructuring group and global insurance practice. She represents clients across the insurance industry, including insurers, reinsurers, pension funds, private equity firms and other capital providers, in a wide range of transactions and restructuring matters. This includes state insurance rehabilitations and liquidations, insurance holding company bankruptcies, reinsurance transactions, reserve and other financings, pension risk transfers, and other complex transactions and…

​This week,  Big I NY launched an email campaign​ calling on agents to tell Governor Cuomo to sign two key regulatory relief bills.  A.7540-B/S.5815-C would provide a cure period for small businesses to correct the first-time violation, rather than be required to pay a substantial fine, while also continuing to protect the public. First-time violations would not be forgiven for regulatory offenses that harm public safety, health, or the environment, violate human or civil rights laws, violate penal law, or result in loss of employee wages or benefits.  A.842/S.5812​ would require state agencies to consider how proposed rules would affect small businesses, including the minimum time needed…