Department of Financial Services News

Insurance Fraud Focus for Newly Appointed Deputy Financial Officer

Former Secretary of the Florida Department of Corrections Julie Jones has been appointed Deputy Chief Financial Officer within the Office of Chief Financial Officer, according to a statement from the Florida Department of Financial Services. As Deputy CFO, Jones will …

N.Y. Regulators to Examine 3 Insurers for Claims Practices Related to Sandy

New York Gov. Andrew Cuomo announced Thursday that the Department of Financial Services is investigating the claims practices of three insurers following the aftermath of Superstorm Sandy. The three insurers are: Narragansett Bay Insurance Company, Tower Insurance Company and Kingstone …

New York Hearings on ‘Forced’ Insurance in Foreclosure

New York’s Department of Financial Services has set public hearings next month to review whether rates for so-called “force-placed” insurance are excessive and to examine the relationships between insurers, banks, mortgage servicers, insurance agents and brokers. Banks and mortgage holders …