New York state's top financial regulator has expanded an investigation into reinsurers that might have provided policies on shipments to Iran, a potential violation of new U.S. sanctions, according to a letter posted on its website Wednesday. Benjamin Lawsky, superintendent of New York's Department of Financial Services,in June sent a letterto 20 ...

New York's finance regulator is setting his sights on the world's reinsurance firms, alleging some of them maybe involved in practicesthat won't comply with pending U.S. laws against doing business with Iran. A yearlong probe byBenjamin Lawsky, superintendent of New York's Department of Financial Services, has uncovered evidence that at least ...