Big I NY Testifies on the Impact of Extreme Weather on the Insurance Market
This week, Scott Hobson, Big I NY's AVP of Government Relations, testified before the NYS Assembly Committees on Insurance and Environmental Protection on the impact of extreme weather on the state's property and casualty insurance market. In the hearing, lawmakers sought testimony on the impact that these types of weather events have had on the New York property and casualty insurance market, including premium rates, policy cancellations and renewals, and explore what steps the Legislature can take to ensure a robust and affordable property and casualty insurance market in New York State going forward.“Put simply, the impact of extreme weather events on the resiliency of…