Big I NY To Senate: State’s Legal Climate Hikes Premiums
Abstract: The causes of rising Homeowners insurance premiums in New York are mostly self-inflicted, Big I New York told a state Senate panel Tuesday. Body: The causes of rising Homeowners insurance premiums in New York are mostly self-inflicted, Big I New York told a state Senate panel Tuesday. The remarks came at a day-long special hearing on affordability issues in the state's residential property insurance market. Members of the Senate's standing committees on Insurance; Investigations and Government Operations; and Housing, Construction, and Community Development heard testimony from many different perspectives inside and outside the industry.The hearing stemmed from an investigation the three committees launched last…