Advocacy

​​On March 9th​​​​, the NYS Assembly unanimously passed Big I NY-supported legislation to eliminate an unnecessary ​burden on customers by repealing the anti-arson application statewide. Section 3403 of the Insurance Law requires the completion of an “anti-arson application" for people seeking property insurance for fire or explosion to complete. If a policyholder fails to complete this application, which is required upon initial application for insurance and on each subsequent renewal of the policy, the insurer must cancel the policy. Technology has advance dramatically since the application was first required, and the law has outlived its usefulness. Insurance companies today are required by law to have fraud prevention plans, which are filed…

This week, independent agents from across the state participated in virtual meetings with state lawmakers, urging them to pass photo inspection modernization as part of the state budget. Governor Hochul's executive budget proposal includes legislation to allow carriers to waive CARCO inspections, and we are pushing the Senate and Assembly to follow suit in their respective budget proposals.Independent Agents Advocacy Week began with a kickoff session keynoted by Senator Neil Breslin, chairman of the influential Senate Insurance Committee and sponsor of photo inspection reform legislation. “On photo inspection, we're pushing it again very hard…hopefully we'll get it passed and signed into law and we'll all…

Governor Hochul has released her executive budget proposal, and we are thrilled to report she has included our bill to allow insurance companies to waive photo inspections. Since the bill was vetoed in November 2022, we have been negotiating with the Governor to reach an agreement, and those efforts have paid off.The proposed budget legislation, if passed, will take effect in October of 2023, and carriers will be allowed to waive photo inspections until October 2027. Between now and April 1st, the state Senate and Assembly will release their own budget proposals, and then the Governor and Legislative Leaders will negotiate a final budget. Therefore, we need…