Advocacy

​On August 2nd, Governor Cuomo signed legislation which permits NYSIF to write workers' compensation coverage for policyholders' out-of-state employees. NYSIF will partner with carriers in other states to provide coverage to businesses doing work outside of NY, provided the business has more payroll or premium in NY than in all other states combined.According to a press release, NYSIF expects to begin offering this coverage beginning the first half of 2022.Contact Scott Hobson with any questions.​  Source

​The legislature is adjourned and not scheduled to reconvene until January 2022. However, two Big I NY-opposed bills were passed by the legislature, and will be sent to the Governor for signature or veto. Big I NY is calling on the Governor to veto both of these bills.Disclosure of Policy Information in Litigation – S.7052/A8041At the 11th hour, the Senate and Assembly rushed through legislation mandating that all insurance documents be disclosed early in litigation, including insurance application documents. We opposed this bill on the grounds that it creates serious privacy concerns for insureds, as insurance applications contain a large amount of personal information that…

On June 24th, Governor Cuomo announced the end of the COVID-19 State of Emergency, thus ending the associated emergency executive orders. This means that for the time being, remote notarization is no longer authorized, and the notary rules revert to the pre-pandemic state. However, the legislature recently passed a Big I NY-supported bill to allow remote notarization on a permanent basis. That bill has not yet been sent to the Governor, and once it is signed as anticipated, it will take effect in 120 days.We do not have an exact timeframe as to when the bill will be sent to the governor and signed, but…