Mr. Donovan, rather than expending the severely limited resources of the State on partisan, politically motivated litigation against the law of the land which, however flawed, did address some notorious
abuses by the insurance industry, why don't you tell us what your priority is with respect to corruption and misuse of public funbds and resources by politicians right here in New York State?
More importantly, the
industry will have to think hard about how to align these developments which are specific to the
insurance sector to other broader regulatory changes, such as the new general data protection regulation, the market
abuse regime and the changes to the anti-money laundering framework, as well as keeping abreast with parallel guidance, technical standards, and similar pronouncements being issued
by the local and European regulators.