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Our Advocacy Push in the Hard Market: A Glimpse Behind the Scenes in October

We know that current market conditions are challenging and frustrating. You, your team, and your clients are stressed. We must "pull the curtain back" so you can see the multi-pronged approach we are taking to work with key stakeholders to stabilize the market. Supporting and advocating for our members and their clients is our highest priority. You are not alone- we have your back.Below is just a glimpse of what we did in October….Research:Engaged outside consultant to determine carrier profitability in New York, Connecticut, and the United States in 4 key lines of businessAnalyzed growth in NYAIP businessMet with ELANY leadership to discuss trends in…

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Big I NY Carrier Advocacy Win: Utica National Commission Change Delayed

​Written by: Lisa Lounsbury, President & CEO of Big I New YorkAt Big I New York, there is no higher priority than supporting and advocating for our members.  It is often difficult for others to see the breadth and impact of the advocacy work that we do with regulators, legislators, and carriers.  Today, there is an easy-to-share tangible result of our advocacy efforts that Utica National Insurance Group just communicated.We met with Utica National Insurance Group this week immediately after they announced the commission changes to certain segments of their New York Private Passenger Auto business.  While we do not agree with or support the…

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​ Big I NY Urges Governor Hochul to Veto Disastrous Wrongful Death Expansion Bill

This week, Big I NY, along with dozens of groups representing a wide swath of New York's employers, issued a letter to Governor Hochul urging her to again veto legislation which would radically increase jury awards in wrongful death lawsuits. This legislation would impose major costs on policyholders, burden taxpayers, stifle economic growth, and destabilize the state's already faltering insurance market. The bill, S.6636/A.6698, would allow for subjective “pain and suffering" damages, substantially expand who would be eligible to receive awards, and retroactive lengthen the statute of limitations for filing wrongful death lawsuits. This would make New York's wrongful death laws the most generous in the…

Continue Reading​ Big I NY Urges Governor Hochul to Veto Disastrous Wrongful Death Expansion Bill