Press Releases - New York

  • 2008 1010 - NYSID - Circular Letter No. 22 (2008) - [link]      
    • Misrepresentations or misleading statements regarding AIG insurance company subsidiaries in New York—or other insurers— aimed at causing fear or undue concern amongst insurance consumers will compel the Department to take appropriate disciplinary or other regulatory action against any person violating the Insurance Law and regulations thereunder.
  • 2009 0204 and 0205 - GOV (House) - Hearings to Review Derivatives Legislation - [PDF-300p, VIDEO-?]
    • <WishList> - (p30) - 12 New York State Insurance Dept., Recognizing Progress By Federal Government In Developing Oversight Framework For Credit Default Swaps, New York Will Stay Plan To Regulate Some Credit Default Swaps, press release, November 20, 2008 (‘‘Dinallo announced that New York had determined that some credit default swaps were subject to regulation under state insurance law and that the New York State Insurance Department would begin to regulate them on January 1, 2009.’’).
    • (p30) - 13 New York State Insurance Dept., Recognizing Progress By Federal Government In Developing Oversight Framework For Credit Default Swaps, New York Will Stay Plan To Regulate Some Credit Default Swaps, press release, November 20, 2008 (Superintendent Dinallo stating ‘‘I am pleased to see that our strong stand has encouraged the industry and the Federal Government to begin developing comprehensive solutions. Accordingly, we will delay indefinitely regulating part of the market.’’)