Advocacy

Abstract: The New York State Senate is investigating the availability and affordability of residential property insurance. Body: ​ Photo by Kenneth C. Zirkel - Own work, CC BY-SA 4.0, Link​The New York State Senate is investigating the availability and affordability of residential property insurance. Big I New York responded last week to an information request related to the probe.The Senate committees on Investigations and Government Operations; Insurance; and Housing, Construction and Community Development are conducting the inquiry. The chairs of those committees in August sent formal information requests to the New York Department of Financial Services (DFS); thirty-one insurance carriers; and associations and trade groups,…

Abstract: Many of the insurance industry’s leading advocates—including Big I New York, Big I Connecticut, and the national Big “I”—joined key state legislators in Chicago last week for the National Council of Insurance Legislators (NCOIL) Summer 2025 Meeting. Body: ​Many of the insurance industry's leading advocates—including Big I New York, Big I Connecticut, and the national Big “I"—joined key state legislators in Chicago last week for the National Council of Insurance Legislators (NCOIL) Summer 2025 Meeting. Independent agents and brokers were well represented through the active participation of Travis Wattie, AVP of Government Relations for Big I New York & Connecticut, and Wesley Bissett, Senior…

Abstract: Big I New York issued comments in support of the hurricane deductible draft rule Body: ​New York State is one step closer to a more uniform hurricane deductible trigger​ as the proposed rulemaking comment period for the new law ended this week.  Big I New York issued comments in support of the draft rule, noting that it strikes a balance between establishing a more uniform hurricane deductible trigger while allowing consumers the choice to secure a policy that suits their risk tolerance.  During early conversations with the Department of Financial Services (DFS), we emphasized the importance of prioritizing clarity, choice, and competition throughout the rulemaking…