News Alerts

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2017 Was Record Year for Data Breaches in NY

A new study reveals that more than 1,500 data breaches were reported to the NYS Attorney General in 2017--a significant jump from 2016--and that the personal records of 9.2 million New Yorkers (thanks largely to [...]

By | April 2nd, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments

NYS Senate Passes NAIFA-NYS CE Credit Bill

The New York State Senate on March 27 overwhelmingly passed a NAIFA-NYS-initiated bill requiring the Superintendent of Financial Services to grant six continuing education credits for all active members of a statewide professional insurance producer association [...]

By | March 27th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments

Court of Appeals Vacates – in Its Entirety – the DOL Fiduciary Duty Rule

In a decision that took many observers by surprise, the 5th Circuit Court of Appeals, based in Texas, vacated in full the Department of Labor's (DOL) controversial fiduciary duty rule on March 15, 2018.  The Court [...]

By | March 16th, 2018|Categories: News Alerts|0 Comments

NAIFA-NYS Releases First-of-Its-Kind Cyber-Security Tool for Life Agents, Responds to DFS Regulation

Albany, New York, January 29, 2018 — The National Association of Insurance and Financial Advisors-NYS (NAIFA-NYS) today announced a first-of-its-kind compliance tool to assist New York life agents to comply with the state’s new cyber-security [...]

By | January 29th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments

Cuomo Considers Overhauling the New York State Tax Code

Governor Cuomo, in response to the federal tax reform's near-elimination of the state and local tax (SALT) deduction, is proposing to overhaul the New York State tax code and warns of a potential legal challenge [...]

By | December 30th, 2017|Categories: News Alerts|0 Comments

New York Moves to Create Its Own “Best Interest” Standard

As the DOL hits "pause" on full implementation of its fiduciary duty rule, New York regulators have proposed a "best interest" standard of their own, one that would apply to all life insurance products and [...]

By | December 27th, 2017|Categories: News Alerts|0 Comments