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Body: ​​A slew of costly litigation-increasing legislation was vetoed by Governor Hochul in her final legislative acts of 2025. Big I New York was part of a mighty coalition of business and industry groups that urged opposition to multiple trial lawyer priorities.Vetoed bills include:Wrongful death expansion—for the fourth time in as many years. The Governor’s veto memo once again noted concerns about increased insurance premiums and “financial stress” to healthcare systems. (A.6063/S.4423)A prohibition on discussing settlement with a claimant within 30-days of an act, which, according to the Governor, “would interfere with the ability to quickly settle small claims, negotiate settlements even when all parties…

Abstract: Persuasive advocacy by Big I New York paid off with Governor Kathy Hochul's signature on legislation strengthening consumer protections for third-party litigation financing (TPLF) agreements. Body: ​Persuasive advocacy by Big I New York paid off with Governor Kathy Hochul's signature on legislation strengthening consumer protections for third-party litigation financing (TPLF) agreements. The bill passed earlier this year made important strides toward bringing TPLF out of the shadows. However, it stopped short of requiring disclosure of these agreements during legal proceedings. As a condition of approving the legislation​, Governor Hochul negotiated a chapter amendment with the Legislature to “make clear, among other things, the required…

Abstract: This fall, Travis Wattie, Big I NY AVP of Government Relations, spoke at five legislative breakfast events across the state. Body: This fall, Travis Wattie, Big I NY AVP of Government Relations, spoke at five legislative breakfast events across the state. Each of the events—hosted by Big I Central New York, Big I Southern Tier, Big I Suffolk, Big I Tri-County, and Big I Western New York —brought together insurance professionals and state and federal lawmakers for meaningful conversations on public policy issues impacting New York's insurance marketplace.The breakfasts began with a high-level overview of the industry's legislative priorities, which focus on making insurance…