The New York Department of Financial Services’
Superintendent, Benjamin M. Lawsky, is strongly opposed to “captive insurers,”
also referred to as “shadow insurers". Lawsky recently made his feelings known
in a letter that he sent to the National Association of Insurance
Commissioners.
The group has been
working to make such insurers’ policies and practices more transparent through
reforms and guidelines, but Lawsky does not approve of their suggested “fixes,”
claiming they will only make
While no one can know what will happen, it is important to
understand that any concerns or problems related to the insurance world can
make people suspicious of their own providers, in particular of the commercial
insurance claims process. If you get any complaints about your commercial
insurance claims or need help answering those claims, know that you can find a
New York commercial insurance claims expert to assist you in dealing with
clients. All you have to do is contact HC Adjusters.
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