Paterson Pitches Revival Of NY Insurance Exchange

Law360, New York (January 7, 2010, 2:48 PM EST) -- Asserting that the measure would create jobs and enhance New York's status as a financial center, Gov. David A. Paterson has announced plans to create a new insurance exchange similar to Lloyd's of London, marking the state's second attempt to establish such a venture.

The governor announced those plans in his State of the State address Wednesday calling for a revived New York Insurance Exchange, which purportedly would bring together buyers and sellers of complex commercial insurance and provide increased security and transparency for parties involved...
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