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Big I NY Photo Inspection Bill Included In Governor’s Budget

Governor Hochul has released her executive budget proposal, and we are thrilled to report she has included our bill to allow insurance companies to waive photo inspections. Since the bill was vetoed in November 2022, we have been negotiating with the Governor to reach an agreement, and those efforts have paid off.The proposed budget legislation, if passed, will take effect in October of 2023, and carriers will be allowed to waive photo inspections until October 2027. Between now and April 1st, the state Senate and Assembly will release their own budget proposals, and then the Governor and Legislative Leaders will negotiate a final budget. Therefore, we need…

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DFS Formally Adopts Peer-To-Peer Car Sharing Insurance Rules

​The New York State Department of Financial Services (DFS)  announced today that it has formally adopted its proposed regulations on insurance for peer-to-peer car sharing arrangments. The new and amended rules took effect today.Peer-to-peer car sharing programs match individual vehicle owners who are willing to rent their vehicles to others with willing potential renters. The arrangement is normally done via a smartphone app or website. Turo is the best-known example of a peer-to-peer car sharing service.In 2021, the state Senate and Assembly passed and Gov. Kathy Hochul signed into law the Peer-To-Peer Car Sharing Program Act​.  Amendments were enacted ​in February 2022, and the final version of…

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Something Special Happened – Behind the Scenes

by Julie FurstSomething pretty special happened this week. Some meetings. Wait, what? When hearing the word 'special,' meetings rarely make even the bottom of the list. But hear me out.​​Agent volunteers from every corner of the state headed to Albany. Big I team members came in. Let's face it, January in Albany is not 80 and sunny. But though there for business, the rooms we shared were warm from the relationships built and a shared purpose. What makes these gatherings powerful are the people and each life experience they bring with them. I felt that strongly this week.A peek at what I saw:Strategic Planning Meeting -…

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