Advocacy

Abstract: On January 9, State Senator Jamaal Bailey (D-Bronx/Westchester) was named chair of the Senate Insurance Committee. Body: ​On January 9, State Senator Jamaal Bailey (D-Bronx/Westchester) was named chair of the Senate Insurance Committee.  Sen. Bailey succeeds Sen. Neil Breslin (D-Albany), who retired after 28 years of public service in the State Senate. Sen. Bailey represents the 36th State Senate District, which stretches east of the Bronx River Parkway from East Bronx in the south and just north of Mt. Vernon.   Sen. Bailey was first elected in 2016 after serving as Community Relations Director for Assembly Speaker Carl Heastie.   In the State Assembly, Assembly Member David Weprin (D-Queens)…

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…

Abstract: The New York State Department of Financial Services (DFS) and Big I New York met on Thursday to discuss pending regulatory action addressing the establishment of uniform standards around the windstorm deductible trigger. Body: ​The New York State Department of Financial Services (DFS) and Big I New York met on Thursday to discuss pending regulatory action addressing the establishment of uniform standards around the windstorm deductible trigger.  A recently-enacted law​ requires DFS to issue a regulation setting standards for the triggers.Colloquially referred to as the “three C’s”, we emphasized the importance of prioritizing clarity, choice, and competition throughout the rulemaking process.  With more than…