Health Care - Payment Reform Survey

This report summarizes the findings of DFS’s survey of health insurers’ pilot programs to move to value-based provider payments and other initiatives to reduce health care costs and improve quality. The report will help state agencies, legislators and other stakeholders identify successes, consider reforms that encourage innovation, increase standardization and multipayer alignment, and bring successful efforts to scale. In particular, this report will provide a baseline for the State Health Innovation Plan (SHIP), New York’s blueprint for achieving the Triple Aim that is being developed by the New York State Department of Health (DOH), New York State Department of Financial Services (DFS), New York State Department of Civil Service, the New York State Division of Budget, and other agencies, in consultation with payers, providers, brokers, businesses and consumers.

Payment Reform Survey - Issued July, 2014 (PDF)

Community Banking Report

The Community Banking Report shows that community banks provide most of the loans for New York’s small businesses and farms and are thus essential to job growth and the strength of the state economy. Even though community banks have less than a quarter of all bank assets in New York and are competing against much larger national banks, they generate more than half of all small business loans and almost all the small farm loans in the State.

Community Banking Report - Issued February 7, 2013 (PDF)

Unexpected Out-of-Network Medical Bills Report

The Department of Financial Services is investigating unexpected out-of-network medical costs affecting New Yorkers across the state, many of whom cannot afford to pay out-of-pocket expenses. In addition, DFS released the following report that finds an overwhelming need for increased transparency from insurers and medical service providers, and improved consumer protection measures to ensure that New Yorkers stop receiving unexpected bills. The investigation was sparked by an overwhelming amount of consumer complaints. DFS found that unexpected out-of-network medical bills are one of the most common complaints received by the agency.

• AN UNWELCOME SURPRISE: How New Yorkers Are Getting Stuck with Unexpected Medical Bills from Out-of-Network Providers - Issued March 7, 2012 (PDF)

Working Group Report

This report, required under Section 205 of the Financial Services Law, summarizes select issues that the DFS working group, formed to examine ways to improve the efficiency and effectiveness of banking regulation and insurance regulation, found to be the top recommendations provided from the banking, insurance and financial services industries. In addition, this report highlights DFS accomplishments to date, as well as the steps DFS has taken and will take to make regulation more efficient and effective.

• Ways to Improve Efficiency and Effectiveness of Regulation - Issued December 30, 2011 (PDF)

Miscellaneous Reports

The reports in this section are in PDF format.

Cyber Security Reports

Report	Publish Month and Year
Update on Cyber Security in the Banking Sector: Third Party Service Providers	April 2015
Report on Cyber Security in the Insurance Sector	February 2015
Report on Cyber Security in the Banking Sector	May 2014

Other Reports

Report	Publish Month and Year
Report on New York State Medical Indemnity Fund – 4th Quarter 2017 Actuarial Analysis	March 2018
Report on New York State Small Group Stop Loss Study	March 2018
Report on New York State Medical Indemnity Fund – 3rd Quarter 2017 Actuarial Analysis	February 2018
Report on Insurance Law to Governor Cuomo and The New York State Legislature in Relation to Private Passenger Automobile Insurance Policies	March 2017
Report on New York State Medical Indemnity Fund - 2nd Quarter 2017 Actuarial Analysis	July 2017
Report on New York State Medical Indemnity Fund - 1st Quarter 2017 Actuarial Analysis	June 2017
Report on New York State Medical Indemnity Fund	June 2017
Report on New York's Foreclosure Process	May 2015
Automobile Insurance Policies and the 2% Rule	March 2014
Shining A Light On Shadow Insurance	June 2013
Report on the Hospital Excess Liability Pool	December 2012
Report on Municipal Cooperatives and Community Rating	December 2011
Municipal Cooperative Reserve Requirements Report	December 2011
The Insurance Industry and the Economies of Central and Eastern Europe, 1918 - 1945 - Holocaust Claims Processing Office	October 2011