Advocacy

​On Thursday evening, Governor Hochul signed Big I NY-supported chapter amendments to the new Comprehensive Insurance Disclosure Act (CIDA), which are effective immediately. Crucially, the CIDA will now apply only to actions filed after December 31, 2021 (not all pending actions, as originally passed). Agents who received insurance disclosure demands for litigation already pending prior to 2022 can disregard these demands. Additionally, PIP actions are exempted from disclosure, and the time frame for disclosure will be extended from 60 days to 90. Read the latest E&O report on the amended bill here.​Source

Chapter Amendments to Insurance Disclosure Act Passed:This week, agents and insurers breathed a​​ sigh of relief as the legislature finally passed the highly anticipated chapter amendments to the new Comprehensive Insurance Disclosure Act (CIDA). As expected, the CIDA will now apply only to actions filed after December 31, 2021 (not all pending actions, as originally passed). Additionally, PIP actions are exempted from disclosure, and the time frame for disclosure will be extended from 60 days to 90. Anticipating these favorable changes, Big I NY prepared a summary in our February 2022 E&O report. The governor is expected to promptly sign the amendments into law and…

​Save the dates for our 2022 Agents Advocacy Week(s) April 4th-15th (Virtual)Advocacy Week returns this year, bigger than ever! Join fellow independent agents from across New York State for Big I NY's Virtual Independent Agents Advocacy Week(S) This empowering event will kick off with an advocacy training session on April 4th, followed by virtual meetings with your state legislators who represent you in Albany. This is your opportunity to be an advocate for your industry and your customers. During Advocacy Week(s), you'll meet your state lawmakers, and be part of the movement to help the independent channel thrive – all from the convenience of your…