In February, President Trump signed an Executive Order directing the U.S. Department of Labor (DOL) to review the fiduciary rule for brokers that President Obama’s Labor Department adopted. The federal
Continue Reading NY Department of Financial Services Proposes its Own Fiduciary Rule in Response to U.S. DOL Delay
Michael J. Murphy
With nearly three decades of experience in life, property, casualty, and workers compensation insurance matters, Michael J. Murphy is a skilled New York insurance legislative and regulatory attorney.
Michael has been involved in many noteworthy insurance matters that have come before the New York State Legislature and the New York State Department of Financial Services, including most recently, ride sharing, climate change, and cybersecurity. Michael represents a number of national property casualty and life insurance carriers and, as a result, has strong ties to the major insurance industry trade associations and groups. In addition, Michael has a broad background in New York taxation, environmental and tort matters both before the Legislature and State agencies.
Michael’s practice is a continuation of his experience from serving as the Assistant Counsel to the New York Senate Majority, during which time he focused on insurance, banking, housing, and energy matters, as well as floor counsel. After Michael’s state service, and prior to joining GT, Michael was Assistant Vice President for the American Insurance Association, where he directed their New York government relations program.
NYS Department of Financial Services Releases Revised Proposal Addressing Cybersecurity Requirements for Financial Institutions
On December 28th, 2016, the New York State Department of Financial Services (DFS or the Department) published a revised version of its proposed regulation governing cybersecurity requirements for all entities…
Continue Reading NYS Department of Financial Services Releases Revised Proposal Addressing Cybersecurity Requirements for Financial Institutions