New York financial officials on Wednesday criticized 17 New York-based life insurers for shifting $48 billion of claim risks to affiliates elsewhere with lower reserve and collateral requirements.
The New York pension fund for state and local government workers has topped $160 billion after reporting a 10.4 percent return on investment for its last fiscal year.
The company has been asked to disclose all its direct and indirect spending on politics and lobbying, filing a shareholder resolution as trustee of the state workers' retirement fund.
New York has taken several steps to establish a statewide health insurance exchange in 2014 intended to extend coverage to the uninsured and reduce costs for individuals, small businesses and local governments.
New York needs a dedicated stream of funding to help fill the "catastrophic lack" of legal services for the poor, despite recent judicial efforts and volunteer work by lawyers that have helped, state Attorney General Eric Schneiderman said Thursday.
Using the $150 billion state pension fund's stock portfolio as influence, the comptroller's office said it has helped persuade 27 other big corporations to agree to new nondiscrimination policies.
New York Gov. Andrew Cuomo issued an executive order Thursday to establish a statewide health insurance exchange intended to reduce coverage costs for individuals, small businesses and local governments.
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"articles": [
{
"uri": "/2013/12/27/new-york-minimum-wage-rising-to-8-an-hour/",
"title": "New York minimum wage rising to $8 an hour",
"byline": "Michael Virtanen",
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"prettyDate": "December 27, 2013",
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"summary": "New York's minimum wage will increase to $8 an hour at the end of this year, 75 cents above the federal minimum and the old state rate.",
"body": null
},
{
"uri": "/2013/12/06/new-york-carriers-predict-exchange-boom/",
"title": "New York carriers predict exchange boom",
"byline": "Michael Virtanen",
"kicker": "",
"prettyDate": "December 06, 2013",
"timeToRead": "4 minute",
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"authors": [
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"kickerNode": [],
"summary": "The state reported 27,000 more applications completed and approved over the past week, bringing the total to 284,440.",
"body": null
},
{
"uri": "/2013/06/13/new-york-faults-17-life-insurers-for-shifting-risk/",
"title": "New York faults 17 life insurers for shifting risks",
"byline": "Michael Virtanen",
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"prettyDate": "June 13, 2013",
"timeToRead": "3 minute",
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"authors": [
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"summary": "New York financial officials on Wednesday criticized 17 New York-based life insurers for shifting $48 billion of claim risks to affiliates elsewhere with lower reserve and collateral requirements.",
"body": null
},
{
"uri": "/2013/05/13/ny-states-pension-fund-hits-record-160-billion/",
"title": "NY state’s pension fund hits record $160 billion",
"byline": "Michael Virtanen",
"kicker": "",
"prettyDate": "May 13, 2013",
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"summary": "The New York pension fund for state and local government workers has topped $160 billion after reporting a 10.4 percent return on investment for its last fiscal year.",
"body": null
},
{
"uri": "/2012/12/21/new-york-urges-aetna-to-reveal-political-spending/",
"title": "New York urges Aetna to reveal political spending",
"byline": "Michael Virtanen",
"kicker": "",
"prettyDate": "December 21, 2012",
"timeToRead": "3 minute",
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"authors": [
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"kickerNode": [],
"summary": "The company has been asked to disclose all its direct and indirect spending on politics and lobbying, filing a shareholder resolution as trustee of the state workers' retirement fund.",
"body": null
},
{
"uri": "/2012/11/16/new-york-advancing-plans-for-health-exchange/",
"title": "New York advancing plans for health exchange",
"byline": "Michael Virtanen",
"kicker": "",
"prettyDate": "November 16, 2012",
"timeToRead": "3 minute",
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"summary": "New York has taken several steps to establish a statewide health insurance exchange in 2014 intended to extend coverage to the uninsured and reduce costs for individuals, small businesses and local governments.",
"body": null
},
{
"uri": "/2012/09/28/ny-officials-say-legal-needs-of-poor-still-unmet/",
"title": "NY officials say legal needs of poor still unmet",
"byline": "Michael Virtanen",
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"prettyDate": "September 28, 2012",
"timeToRead": "4 minute",
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"summary": "New York needs a dedicated stream of funding to help fill the \"catastrophic lack\" of legal services for the poor, despite recent judicial efforts and volunteer work by lawyers that have helped, state Attorney General Eric Schneiderman said Thursday.",
"body": null
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{
"uri": "/2012/05/29/ny-comptroller-pushes-transgender-corporate-rights/",
"title": "NY comptroller pushes transgender corporate rights",
"byline": "Michael Virtanen",
"kicker": "",
"prettyDate": "May 29, 2012",
"timeToRead": "4 minute",
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"authors": [
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"summary": "Using the $150 billion state pension fund's stock portfolio as influence, the comptroller's office said it has helped persuade 27 other big corporations to agree to new nondiscrimination policies.",
"body": null
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{
"uri": "/2012/05/24/ny-comptroller-reports-state-pension-fund-growth/",
"title": "NY comptroller reports state pension fund growth",
"byline": "Michael Virtanen",
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"prettyDate": "May 24, 2012",
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"summary": "The New York state pension fund for government employees has grown to an estimated $150.3 billion, with a 6 percent return on its investments.",
"body": null
},
{
"uri": "/2012/04/12/governor-orders-new-york-health-insurance-exchange/",
"title": "Governor orders New York health insurance exchange",
"byline": "Michael Virtanen",
"kicker": "",
"prettyDate": "April 12, 2012",
"timeToRead": "3 minute",
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"authors": [
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"kickerNode": [],
"summary": "New York Gov. Andrew Cuomo issued an executive order Thursday to establish a statewide health insurance exchange intended to reduce coverage costs for individuals, small businesses and local governments.",
"body": null
}
]
}
}
