Albany Update: Agents Fight Single Payer, Lead Paint Exclusion Ban, Insurance Settlement Practices Bills

​Legislative session is scheduled to adjourn next Thursday, with only four session days remaining. However, four days is an eternity in Albany, and anything can happen. Bills can be introduced and passed in a matter of only hours. This is the most important and tense time at the Capitol, and the time when your team in Albany fights hardest for you!This week, Big I NY kicked off Single Payer Action Week, recruiting dozens of agents to participate in meetings with key Senators who are swing votes on the bill. Read the recap here.Our legislation to make the auto photo inspection optional has advanced to the Assembly…

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Single Payer Action Week: Agents Fight Against Government Takeover of Healthcare

 This week, Big I NY members met with several key state senators to push back on the New York Health Act, which would eliminate private health insurance in favor of a government-run system. The numbers for such a plan are staggering: more than 160,000 jobs eliminated, including 50,000 in the insurance industry; $253 billion in new taxes on employers and workers; business tax increases of over 2,000%.Big I NY identified half a dozen key “swing votes" in the Senate, and targeted these lawmakers for meetings during Single Payer Action Week. This week's meetings were productive, with Big I NY members urging senators to consider the…

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Albany Update: Excess Lines Modernization Bill Amended, Single Payer Action Week, Lead Paint Exclusion Bill Advances

​​With three weeks of session remaining, activity in the capitol is ramping up to fever pitch (virtually, of course.) This is typically the time when bad bills start moving fast and furious, and we've got your back. On Wednesday, Assemblywoman Hunter amended her bill to modernize the process for placing excess lines coverage. The amended bill includes provisions to significantly streamline the required affidavit, eliminating all required information except name and NAIC code of the declining insurer and the reason the broker believed the insurer would consider writing the coverage. However, the provisions eliminating the requirement to obtain three declinations have been removed from the…

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