Advocacy

​Do you know about InsurPac, and why it is crucially important? If you care about the future of our industry, you should.InsurPac is our national political committee. It allows us to support candidates for congress who understand the importance of the IA system, and the value we provide our customers. Relationships are what makes the difference in the IA system, and it's what makes a difference in our advocacy efforts on your behalf on Capitol Hill. InsurPac helps us build and enhance relationships with key decision makers, just like you do with your customers every day.InsurPac raises and distributes approximately $2.3 million each election cycle,…

​This week, Big I NY joined a broad coalition of business, municipal, and construction groups in calling on Governor Hochul to veto the “Comprehensive Insurance Disclosure Act". The bill would require the automatic disclosure of virtually all information related to a defendant's insurance coverage and information, including insurance applications. Typically such information is obtained through discovery, in which a judge has discretion to allow only relevant materials to be disclosed. The practical effect of this bill would be to put significant discovery costs on defendants, and give plaintiffs attorneys a trove of information to engage in a litigation “fishing expedition," pursuing claims based on a defendant's available coverage…

​On October 30th, Governor Hochul signed legislation prohibiting insurance carriers from refusing to issue, renew, cancel, or charge a higher premium for a homeowners' liability coverage based upon specific breed of an insured's dog. Big I NY opposed this legislation, expressing concerns that limiting underwriting flexibility would lead higher premiums for all homeowners. The legislation takes effect January 28th, 2022, and applies to all policies issued, renewed, modified, altered or amended on or after that date.  Source