Written by: Lisa Lounsbury, President & CEO of Big I New York
At Big I New York, there is no higher priority than supporting and advocating for our members. It is often difficult for others to see the breadth and impact of the advocacy work that we do with regulators, legislators, and carriers. Today, there is an easy-to-share tangible result of our advocacy efforts that Utica National Insurance Group just communicated.
We met with Utica National Insurance Group this week immediately after they announced the commission changes to certain segments of their New York Private Passenger Auto business. While we do not agree with or support the commission reductions that any carriers make, the lead time of this change was troubling.
Utica National was receptive to our input on the timing of the change, and as a result of our advocacy for members, just announced that they are pushing these changes back to 1/1/24, giving agencies more time to prepare. We appreciate their thoughtful response and commitment to exclusively partnering with the independent agent channel.