Yearly Archives: 2022

​On Wed​nesday, the New York State Assembly passed our bill to make CARCO inspections optional at the discretion of insurance carriers. We thank the bill sponsor, Assemblyman Kenneth Zebrowski (D, Rockland) for his leadership on this top-priority issue.This is a historic and important step forward. The bill has never before passed either chamber. The vote is the culmination of years of hard work. You called, you emailed, you met with lawmakers. Together we made the case, and the Assembly has listened. Now, the bill must pass the Senate, then be signed by the Governor. Tell your Senator to support this critical bill today!We are pulling out all the stops…

​Big I NY Applauds Senate Passage of Excess Lines Affidavit Simplification Bill:This week the New York Senate passed Big I NY-supported legislation to streamline the affidavit required when placing coverage in the excess market. The bill, S.8127 sponsored by Senator Neil Breslin (D, Albany), would reduce significant burdens on agents by streamlining the reporting of declinations by reducing declination data elements from twenty-one to nine. New York is one of only 13 states/jurisdictions that require declination information for each policy to be filed with the state or a stamping office. Of these states New York filings are the most burdensome, with seven required data elements…