Today, Big I NY, along with other industry trade groups, sent a letter to DFS Superintendent Linda Lacewell urging the department to take critical steps to protect policyholders.
Together, we call on the DFS to protect consumers’ ability to obtain comprehensive and collision insurance by suspending the photo inspection requirement in Regulation 79. With current staffing limitations, and social distancing directives, customers are unable to travel to inspection locations.
Furthermore, we call on the DFS to implement a grace period for CE and license renewal requirements for the duration of the current State of Emergency. Insurance agents and brokers face increased difficulty in obtaining the required continuing education credits and renewing their individual licenses. Now more than ever, customers must be able to count on their agents and brokers for help navigating their insurance challenges.
Big I NY has your – and your customers’ - backs. Taken together, these measures will help protect New York policyholders during their time of greatest need.