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So far naifa-nys has created 85 blog entries.

NAIFA Weighs in on NAIC “Enhanced Suitability” Draft Regulation

By | February 20th, 2019|Categories: News Alerts|

In a February 15 comment letter to state insurance regulators at the National Association of Insurance Commissioners (NAIC), NAIFA joined with the AALU, the Financial Services Institute (FSI), and other groups to endorse a "best interest" standard of care.  The letter responded to a draft NAIC "enhanced suitability" model regulation--which has been in the works at [...]

Legislative Breakfast Comes to Rochester

By | February 4th, 2019|Categories: Member News|

Venturing out on a cold Western NY morning, members of our Rochester affiliate met on January 25 for their 2019 legislative breakfast.  Area lawmakers and staff were there - and had plenty to say - as were members of the NAIFA-NYS government relations team, who briefed attendees on the association's priority agenda for this session.  [...]

Chautauqua Legislative Lunch Is Focused and Friendly

By | February 4th, 2019|Categories: Member News|

Our Chautauqua affiliate may be small in number, but it has a big-time commitment to NAIFA-NYS and its advocacy.  The Chautauqua legislative luncheon on January 24 was an ideal forum to discuss NAIFA-NYS' legislative and regulatory priority issues, as well as to explore the myriad ways that the DFS "best interest" and cyber-security regulations may [...]

Buffalo Legislative Breakfast Doesn’t Disappoint

By | February 4th, 2019|Categories: Member News|

Our historic Buffalo association on January 24 continued its tradition of legislative breakfasts when members, non-members, legislators, their staff, and NAIFA-NYS representatives gathered at Salvatore's Italian Gardens in Depew.  Senior members of the NAIFA-NYS government relations team briefed attendees on the legislative and regulatory challenges facing life insurance agents in NYS - including the DFS [...]

NAIFA-NYS Announces Its Full Calendar of Legislative Events

By | January 18th, 2019|Categories: Member News, Members, NAIFA-NYS Legislative Updates, New York Issues|

From the far edge of Western New York to way down on Long Island, from late January to early May, NAIFA-NYS will welcome state legislators (veterans and newcomers) to local events that showcase the issues and the values that NAIFA-NYS stands for.  It's not just NAIFA members and staff who look forward to these events ... [...]

Governor Nominates New DFS Superintendent

By | January 7th, 2019|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|

Governor Andrew Cuomo officially announced on January 4 his nomination of Linda Lacewell, his Chief of Staff, to replace outgoing Dept. of Financial Services (DFS) Superintendent Maria T. Vullo, who is slated to leave DFS by the end of January.  Ms. Lacewell was an assistant U.S. attorney in Brooklyn before joining the NYS Attorney General's office [...]

Governor Announces His “Justice Agenda” for 2019

By | December 27th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues|

Governor Cuomo has announced a 20-point progressive agenda for the first 100 days of the legislative session, preempting his own State of the State address in order, he said, to give the legislature maximum time to consider his proposals.  He asserted that his “Justice Agenda”, as he calls it, would make New York independent from federal [...]

DFS Supt. Vullo Announces Her Departure

By | December 19th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|

Superintendent Maria T. Vullo has announced that she will leave the Department of Financial Services (DFS), effective February 1, 2019, after nearly three years heading the agency.  Under her leadership, the DFS has promulgated controversial cyber-security and "best interest" suitability regulations, among other initiatives.  Superintendent Vullo's statement is available HERE.

U.S. Life Expectancy Drops for 3rd Consecutive Year

By | November 29th, 2018|Categories: News Alerts|

In 2017, according to the Center for Disease Control and Prevention's National Center for Health Statistics (NCHS), the average American could expect to live 78.6 years.  That's a shorter life expectancy than in 2016 and even shorter than in 2015 and is attributable to a rise in suicides and drug overdose deaths, in numbers that offset [...]

NAIC “Enhanced” Annuity Suitability Draft Has Its Critics

By | October 30th, 2018|Categories: News Alerts|

An NAIC working group has developed a draft regulation imposing tougher annuity suitability standards, but the proposal doesn't go nearly far enough for some interested parties, including a consumer representative who often weighs in critically on regulator efforts.  The NAIC likely will not adopt the tougher regulation, however, until the SEC finalizes its "best interest" rule.  [...]