Albany Update: Legislature Adjourns, Victory on Business Interruption, “Bad Faith” Bills
What you need to know:The New York State Senate and Assembly have adjourned for the year.Several bills that Big I NY opposed, including business interruption coverage mandates and “bad faith" liability were not passed.The legislature will hold joint hearings on COVID-19 between July 28th and August 25th. As of July 24th, the NY Senate and Assembly stand adjourned at the call of the Majority Leader and Speaker, respectively. Unlike in past years, all bills “on third reading," meaning those that have passed the relevant committee(s) and are eligible for a vote by the full house, remain on third reading. Legislative leaders can call legislators back to session…