Why It Matters
New York Life Insurance Co. is focused on tax treatment of life insurance products and regulations affecting the insurance industry. The company's quarter two lobbying filing disclosure reveals efforts to shape policy around retirement savings systems and insurance company regulations at a time when Congress is considering significant changes to tax law and financial regulation.
By the Numbers
New York Life reported $620,000 in lobbying expenditures for the second quarter of 2026.
Broader Context
New York Life Insurance Co. lobbied on issues related to the tax treatment of life insurance products and companies. The company also focused on proposals to clarify the non-fiduciary status of insurance companies in administering insurance contracts issued to ERISA retirement plans and the non-ERISA status of insurance company general account assets supporting ERISA retirement plan contracts.
The in-house team includes Julie Herwig, Senior Vice President, Head of Governmental Affairs; Kerry Cole, Vice President, Office of Governmental Affairs; Justin Brown, Vice President, Governmental Affairs; Jon Paone, Vice President; and Emilie Touche, Senior Associate, Government Affairs.
The Bottom Line
New York Life's quarter two lobbying disclosure shows the company maintaining a multi-pronged approach to federal policy engagement. The insurance company is deploying both internal expertise and external lobbying relationships to address tax policy, regulatory capital standards, and retirement savings architecture.
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