Company Overview
- Headquarters
- , 10004, United States, New York NY
- Website
- ins.state.ny.us
- Phone
- (212) 480-5312
- Employees
- 121
- Founded in
- 1859
- Industry
- Insurance
Financials & Stats
Revenue
$500B
Web Visits
3,000,000-3,500,000
Who is New York State Insurance Department
The New York State Insurance Department is a government agency based in New York City. It is a large organization with 121 employees and generates $500 million in revenue. The New York State Insurance Department is responsible for overseeing and regulating all insurance businesses operating within New York State. This includes issuing licenses to various insurance professionals such as agents, brokers, and adjusters. The department also conducts examinations of insurers to ensure their financial stability, fair treatment of policyholders, and adherence to underwriting practices. The department plays a crucial role in protecting consumers by identifying financially troubled insurers, preventing fraud, and addressing unethical conduct within the industry. Additionally, it regulates insurance rates, retirement systems, and pension funds, and handles policyholder complaints. The New York State Insurance Department can be contacted through its website, ins.state.ny.us.
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