Advocating for Our Insurance Community: Addressing Market Challenges in New York
Big I New York met this morning with leaders from the New York State Department of Financial Services (DFS) about the pressing issues in our state's personal lines insurance markets. This meeting came at a pivotal time. The wind-down of Adirondack Insurance Exchange's and Mountain Valley Indemnity Co.'s operations is having disruptive effects on local consumers and businesses. Big I New York President and CEO Lisa Lounsbury and Assistant Vice-President of Research and Information Tim Dodge represented our members. Three DFS representatives took part in the video meeting. During the conversation, we explained that independent agents and brokers are facing major hurdles in replacing policies…