Carriers Must Explain Premium Increases Under New State Law
One of the auto insurance reforms included in the New York State budget enacted in May (see Part BB) pertained to carrier premium change explanations. The state Department of Financial…
One of the auto insurance reforms included in the New York State budget enacted in May (see Part BB) pertained to carrier premium change explanations. The state Department of Financial…
Now that New York has enacted a package of auto insurance reforms as part of the 2026-27 state budget, the New York State Department of Financial Services (DFS) is making…
Can a business lose coverage if someone else’s liability insurance policy names them as an additional insured? Yes. What Happened A member contacted us recently about his client, the owner…
Insurance producers obtaining coverage from the New York Automobile Insurance Plan (NYAIP) will be able to charge larger service fees next year.
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The New York State Department of Financial Services (DFS) today published instructions about the upcoming change to New York insurance law regarding Supplemental Spousal Liability (SSL) coverage under auto insurance…
On December 31, 2024, all remaining personal lines insurance policies issued by Adirondack Insurance Exchange and Mountain Valley Indemnity Co. will be cancelled: Adirondack’s Demotech Rating Withdrawn (May 29, 2024) Adirondack…
Big I NY and a coalition of 34 other business organizations urged Gov. Kathy Hochul this week to veto legislation that would lead to skyrocketing wrongful death lawsuit awards and…
Big I New York met this morning with leaders from the New York State Department of Financial Services (DFS) about the pressing issues in our state’s personal lines insurance markets.…