Albany Update: Big I NY Meets With DFS Leadership, Advocacy Week(s) Recap
On Thursday, the Big I NY Board of Directors met with senior leadership of the Department of Financial Services, including My Chi To, Executive Deputy Superintendent for Insurance, Sumit Sud, Senior Deputy Superintendent of Insurance, and Ellen Buxbaum, Director of Producer Supervision. Both DFS and Big I NY expressed an interest in working collaboratively to promote the health of the state’s insurance industry and protect consumers. We thank the DFS for their interest in partnering with industry stakeholders, and look forward to working with the Department on the issues that are most important to independent agents and our customers.
On Friday, Independent Agents Advocacy Week(s) concluded, wrapping up two weeks of grassroots meetings with Big I NY agents and key state lawmakers. More than fifty agents participated in approximately two dozen meetings with legislative leadership and key members of the Senate and Assembly Insurance and Labor committees. The productive meetings focused on key pro-consumer bills, including eliminating mandatory auto photo inspections, repealing the 30-day notice requirement to leave the State Insurance Fund, eliminating the NYC anti-arson application, and streamlining the process for placing commercial coverage in the excess market. Overall, meetings were productive with several legislators committing to co-sponsor or support the various bills. Thank you to all who participated, and stay tuned for more opportunities to get engaged between now and the end of the legislative session in June! If you weren’t able to join us, you can still help. Make a contribution to IAPAC, our political action committee, today!
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