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Hochul Vetoes Wrongful Death Bill for a Third Time

Abstract: New York Gov. Kathy Hochul this weekend once again vetoed legislation to dramatically expand the categories of damages that can be recovered via lawsuit for an alleged wrongful death Body: ​New York Gov. Kathy Hochul this weekend once again vetoed legislation to dramatically expand the categories of damages that can be recovered via lawsuit for an alleged wrongful death. In the veto message, Gov. Hochul emphasized that the bill posed a risk to the financial well-being of the state's healthcare system and could lead to higher costs, including insurance premiums.Big I New York has been a staunch opponent of the proposal, citing a multi-billion…

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NEWS RELEASE – Big I NY Lauds Gov. Hochul Veto of Wrongful Death Bill

Abstract: Bill would have imposed crippling increased costs for state businesses. Body: ​​(DeWitt, New York, Dec. 12, 2024) — David Bodenstein, chair of the board of Big I New York and president of Mike Preis, Inc. in Jeffersonville, New York, issued the following statement today in response to the veto by New York Gov. Kathy Hochul of Assembly Bill 9232-B. This bill would have expanded the categories of damages that could be recovered in a lawsuit for an alleged wrongful death.“Big I New York and its member independent insurance agents and brokers are very pleased that Gov. Hochul vetoed this costly bill. We strongly believe…

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Contractors Required To Register With State Under Law Effective Dec. 31

Body: ​New requirements taking effect on December 30 will force construction contractors wishing to big on public works projects to register with the New York State government. Big I New York members who insure contractors may hear about this from their clients.Under a law enacted in 2022 and amended in 2023, these contractors must register with the New York State Department of Labor. They will receive certificates of registration that will enable them to bid on and work on public works projects and certain private projects that are subject to the public works law contained in the state's labor law. The law applies starting on December…

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