Advocacy

Abstract: The New York State Department of Financial Services (DFS) has formally proposed an amended regulation on hurricane deductible triggers. Body: ​The New York State Department of Financial Services (DFS) has formally proposed an amended regulation on hurricane deductible triggers. The department is accepting comments from the public until July 7.The regulation will implement a law enacted last year. That law, which Big I New York supported, requires the department to “by regulation establish standards for hurricane windstorm deductibles, which create, to the greatest extent possible, uniformity in the operation of such deductibles with respect to the triggering event." The law was intended to respond…

Abstract: Big I New York’s bill to create a single insurance producer’s license has been introduced in the New York State Assembly. Body: ​Big I New York's bill to create a single insurance producer's license has been introduced in the New York State Assembly. Assemblymember Pamela J. Hunter (D – 128th District) introduced Assembly Bill 8065 in that chamber on April 22, 2025.The bill would replace separate licenses for insurance agents and brokers with a single producer's license. Separate licenses for the life/health and property/casualty lines of authority would continue to exist.The bill would conform New York's licensing system with those in most other states.…

Abstract: Capitol Hill was buzzing last week with hundreds of independent insurance agents who traveled to Washington, D.C. for the 2025 Big “I” Legislative Conference. Body: Capitol Hill was buzzing last week with hundreds of independent insurance agents who traveled to Washington, D.C. for the 2025 Big “I" Legislative Conference. Big I New York and Connecticut were well-represented with 34 members, plus staff, in attendance.Armed with legislative priorities and personal experiences, attendees shared compelling arguments with lawmakers and staff from nearly every New York and Connecticut Congressional office. Legal system reform was top of mind as members shared how unregulated third-party litigation financing (TPLF) puts upward pressure on…