NY Insurance Department

www.ins.state.ny.us

NY Insurance Department Reviews

4 Reviews
4.2
4 Reviews

Recommend to a friend
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David Neustadt
0 Ratings

Employee Reviews

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  1.  

    department

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Insurance Examiner in New York, NY
    Current Employee - Insurance Examiner in New York, NY

    I have been working at NY Insurance Department

    Pros

    great learning exp, different companies, different places. excellet benefits including 5 wks of vacation, 12 holidays, 13 sick and excellent pension which requires no contribution after 10 yrs.

    Cons

    bureaucratic, needs upgrading to IT.

    Advice to ManagementAdvice

    offer more training

    Recommends
    Approves of CEO
  2.  

    NYSID

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at NY Insurance Department

    Pros

    They have a good pension plan for those who work there for a long time. There is very little pressure to work fast.

    Cons

    The compensation is not competitive with other companies, especially at entry level. The actuarial program is also not that great.

    Advice to ManagementAdvice

    The senior actuaries care about the people who work for them and generally do not micromanage those who work under them.

    No opinion of CEO
  3.  

    Premier regulator of insurance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at NY Insurance Department

    Pros

    the pension; the permanent civil service staff

    Cons

    politically motivated nonsense projects that waste everyone's time; plethora of overpaid and useless political appointees

    Advice to ManagementAdvice

    pick up the clue phone

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  5.  

    Challenging and satisfying, but don't expect to make money.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Attorney in New York, NY
    Current Employee - Attorney in New York, NY

    I have been working at NY Insurance Department

    Pros

    The Department is leading edge among all the 50 states in addressing critical or key issues affecting insurance companies and their policyholders. Current management is exceedingly proactive in its willingness to attack any problem over which it conceivably has jurisdiction. Employees who show their abilities are rewarded with challenging, exciting work that's flexible in application and satisfying in result. Woinderful to be not only wearing a white hat but to be making a difference. Best job I've ever had.

    Cons

    The pay stinks, even compared to federal government pay. There is no match for its 457 plan (similar to the normal 401k) nor is there a transit subsidy. Part-time work is essentially unavailable.

    Advice to ManagementAdvice

    A large number of key employees are not only eligible for retirement but are approaching the point where working longer will not increase their post-retirement income. If you can't offer them more pay, why not encourage retention by making part-time work -- even if only down to 30-32 hours - available?

    Recommends

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