Insurance News
Regulatory updates in plain English
Stay current with the latest from CMS, state departments of insurance, NAIC, the Federal Register, and Congress — rewritten so you can actually understand what it means for your practice.
New York State Department of Financial Services Builds on Nation-Leading Stablecoin Framework in New Proposed Regulation
The New York State Department of Financial Services has proposed new regulations to enhance its existing stablecoin framework. This change will primarily affect companies that issue or manage stablecoins in New York. Insurance agents should stay informed about these developments, as they may impact ...
Statement By Department of Financial Services Acting Superintendent Kaitlin Asrow on New York State FY27 Budget
The New York State budget for fiscal year 2027 has been announced, impacting various financial services including insurance. This budget outlines funding and priorities that will affect how insurance companies operate in the state. Insurance agents should review the budget details to understand how ...
Governor Hochul Secures Reforms to Lower Auto Insurance Premiums for New Yorkers
New York Governor Hochul has announced changes aimed at reducing auto insurance costs for drivers in the state. These reforms will help make auto insurance more affordable for New Yorkers. Insurance agents should review these changes and inform their clients about potential savings on their premiums...
New York State Department of Financial Services and European Banking Authority Sign MOU to Enable Cross-Border Collaboration on Stablecoin Activity
The New York State Department of Financial Services has signed an agreement with the European Banking Authority to work together on stablecoin activities. This collaboration will help both organizations share information and best practices regarding stablecoins, which are digital currencies designed...
Governor Hochul Joins New York Farm Bureau and Farmers to Highlight Her FY27 Budget Proposals
Governor Hochul has announced her budget proposals for the fiscal year 2027, focusing on support for farmers in New York. This announcement was made in collaboration with the New York Farm Bureau and local farmers. Agents should stay informed about these proposals as they may impact agricultural ins...
Governor Hochul Launches Public Awareness Campaign to Educate New Yorkers on Access to Behavioral Health Treatment
Governor Hochul has started a new campaign to help New Yorkers understand how to access mental health treatment. This initiative is aimed at making sure people know their options for getting help with behavioral health issues. Insurance agents should inform their clients about these resources and en...
Acting Superintendent Kaitlin Asrow Announces Jericho Share to Cease Operations in New York for Selling Unlicensed Health Insurance Plans
Jericho Share, a company selling health insurance plans, has been ordered to stop its operations in New York because it was selling these plans without a proper license. This affects anyone who may have purchased health insurance from Jericho Share in New York. Agents should ensure their clients are...
Fighting for New Yorkers: Governor Hochul Announces $237.7 Million Recovered for New Yorkers in 2025
Governor Hochul has announced that $237.7 million has been recovered for New Yorkers in 2025. This money will help residents who have faced financial difficulties. Insurance agents should inform their clients about this recovery and how it may benefit them.
As Washington Republicans Make Life Harder and More Expensive for Working Families, Governor Hochul Continues Push for Key Budget Proposals to Make Life More Affordable for New Yorkers
Governor Hochul is working on budget proposals aimed at making life more affordable for New Yorkers. This comes as Republicans in Washington are implementing policies that are increasing costs for working families. Insurance agents should stay informed about these budget changes as they may affect t...
Governor Hochul Signs Two Bills Protecting Vaccine Access For New Yorkers
Governor Hochul has signed two new laws that ensure New Yorkers can access vaccines more easily. These laws aim to remove barriers that might prevent people from getting vaccinated, making it simpler for everyone to receive their shots. Insurance agents should be aware of these changes as they may i...
Governor Hochul Signs Budget That Makes New York More Affordable, Keeps New Yorkers Safe And Expands Opportunity For All
New York's Governor Hochul has signed a new budget aimed at making life more affordable for residents, enhancing safety, and creating more opportunities for everyone. This budget includes various measures that may impact insurance costs and availability in the state. Insurance agents should review t...
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE Price List To Establish Fees for Industry Members Related to Certain Historical Costs of the National Market System Plan Governing the Consolidated Audit Trail
The New York Stock Exchange (NYSE) has made changes to its fee structure that will affect industry members. They are now required to pay fees related to the historical costs of insurance for the Consolidated Audit Trail (CAT). This includes a total of $880,419 for insurance costs incurred during a s...
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE Price List To Establish Fees for Industry Members Related to Reasonably Budgeted CAT Costs of the National Market System Plan Governing the Consolidated Audit Trail for May 1, 2026 Through December 31, 2026
The New York Stock Exchange (NYSE) has announced changes to its fee structure for industry members related to the costs of the Consolidated Audit Trail (CAT) for the period from May 1, 2026, to December 31, 2026. These fees will cover necessary insurance costs, including cyber security, directors' a...
Proposed Exemption for The Goldman Sachs Group, Inc. (Goldman) Located in New York, New York
Goldman Sachs is seeking permission to allow its asset managers to follow certain rules even after a legal issue related to foreign bribery. If approved, this exemption will let them operate under specific conditions despite their past conviction. Insurance agents should stay informed about this sit...