ALBANY, NY—Gov. Andrew M. Cuomo has signed a bill into law as Chapter 550 of the Laws of 2014, which will require insurers and medical assistance for needy persons to provide coverage for the provision of telehealth and telemedicine services. The bill defines telehealth as delivering health care services by means of information and communications […]
[FEATURE] Auto Insurance Under the Knife Standing Committee on Insurance Holds Public Hearing to Examine High Costs and Coverage Gaps By Betty Flood and Casey O’Brien ALBANY, N.Y.—The New York Assembly Standing Committee on Insurance held a public hearing on April 10th to examine the automobile insurance market in the state. The hearing was conducted […]
By Betty Flood and Katlin Nash Herzl Regins v. Hospitals Insurance Company Albany, N.Y.—New York State Court of Appeals Chief Judge Lippman and Judges Graffeo, Read, Smith, Pigott, Rivera, and Abdus-Salaam decided the case of Herzl Ragins v. Hospitals Insurance Company in favor of the defendants. Plaintiff brought this action for breach of an insurance […]
Albany, N.Y.—New York State increased its maximum workers’ compensation benefits significantly in 2007, but the perception that higher benefits explain New York’s high overall comp costs is inaccurate, a new analysis of the state’s workers’ comp benefit levels show by the Workers’ Compensation Policy Institute. the Workers’ Compensation Policy Institute. “There does not appear to […]
Albany, N.Y.—The New York State Court of Appeals heard the case brought by Antonio Hronich’s widow Gaudenzia Hronich against his former employer Con Edison Company of New York, Inc., Sedgwick Claims Management Service, Inc., and N.Y.S. Workers’ Compensation Board and the Special Disability Fund. Antonio Hronich, a long-time employee of Consolidated Edison, was diagnosed in […]
Albany, N.Y.—New legislation has been signed into law. Legislation restricting the supervision of state licensed real estate appraiser assistants has been signed into law by Governor Andrew M. Cuomo of the laws of 2013. The law became effective on July 1, 2013. “The new standards had to be adopted by state appraisal programs by July […]
ALBANY, N.Y.—Seventy nine insurance bills were introduced during the New York State Legislative Session. Only four of those bills were passed by both the Assembly and the Senate and sent to the Governor for his approval. Those four bills are: Senator James Seward (R, C, I-Cayuga) (S4327) and Assemblyman Phil Steck (D, Albany) (A6918) sponsored […]
ALBANY, N.Y.—The Point and Insurance Reduction Program (PIRP), approved by the Department of Motor Vehicles, is available through private companies or corporations, called “course sponsors,” throughout New York State. Each qualifying course must meet strict standards set by the DMV for the safe driving information presented and program effectiveness. The idea is simple; it is […]
By Betty Flood and Katlin Nash ALBANY, N.Y.—New York Superintendent of Financial Services Benjamin M. Lawsky spoke at the 22nd annual Hyman P. Minsky Conference on the state of the U.S. and world economies in New York State and what the Department of Financial Services is doing to improve the insurance and banking industries. Superintendent […]
ALBANY, N.Y.—At the direction of Governor Andrew M. Cuomo, nofault insurance medical mills and insurance companies are facing a statewide investigation by Benjamin M. Lawsky, Superintendent of the Department of Financial Services (DFS). The regulation implements a 2005 law that gives DFS the power to regulate doctor participation in the no-fault system. Lawsky accepted this […]
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