NY State Task Force-Life & Law

The Office of the State Comptroller is responsible for auditing and managing government operations and assets throughout the state of New York. It conducts management and financial audits for the state s agencies and public benefit corporations. The office additionally maintains the state's accounting system and issues monthly cash financial statements, as well as reviews contracts, payrolls and payments. It is also responsible for overseeing fiscal affairs of the local governments and state and federal courts. The office coordinates abandoned property programs, as well as monitors and reports on public entities and related agencies. In addition, it operates public pension fund for the state and local employees and provides services to more than 260,000 retirees and their beneficiaries. The Office of the State Comptroller conducts investigation, research, and cash and debt management programs.

Established in 1914, New York State Insurance Fund is a nonprofit agency that is one of the largest providers of workers' compensation insurance in New York. It offers claims and case management and workplace safety programs. The fund provides disability benefits insurance that offers temporary cash benefits for eligible wage earners and disabilities arising from pregnancies. New York State Insurance Fund also provides safety services and proactive loss prevention and risk management assistance. Its special investigation unit, the Division of Confidential Investigations (DCI), handles and prosecutes felony fraud cases against policyholders, claimants and medical providers. The fund has security lending agreements with J.P. Morgan Chase and Key Bank.