The last annual report of the New York Superintendent of Insurance for the year 2010 was 235 pages long. The first annual report by the newly created Department of Financial Services for 2011 was just 118 pages and covered both the banking and insurance departments. The 2012 annual report, released on June 15, 2013, was just 71 pages long. The Superintendent’s report for 2012 included just 1 page for the New York Liquidation Bureau, which was responsible for the management of 64 insurance company rehabilitations and insolvencies. In this age of transparency this reduction in reporting is disappointing. Peter Bickford’s May 20, 2013 Insight column in the Insurance Advocate expands upon the need for detailed reporting for the benefit of the New York legislature and the public.
https://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpg 0 0 ginny https://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpg ginny2013-06-24 16:35:092013-07-01 19:46:59DEPARTMENT OF FINANCIAL SERVICES ANNUAL REPORT 2013