Advocacy

Abstract: This week the Big I NY legislative team and a small group of agent members met with Counsel for Gov. Hochul to share perspective on the wide variety of windstorm deductible triggers used in New York insurance policies. Body: ​This week the Big I NY legislative team and a small group of agent members met with Counsel for Gov. Hochul to share perspective on the wide variety of windstorm deductible triggers used in New York insurance policies.  Late in the legislative session, lawmakers passed A.2866/S.4199, which directs the superintendent of the New York State Department of Financial Services (DFS) to “establish standards for windstorm…

Abstract: Big I NY and a coalition of 34 other business organizations urged Gov. Kathy Hochul this week to veto legislation that would lead to skyrocketing wrongful death lawsuit awards and increased insurance costs for all New Yorkers. Body: ​Big I NY and a coalition of 34 other business organizations urged Gov. Kathy Hochul this week to veto legislation that would lead to skyrocketing wrongful death lawsuit awards and increased insurance costs for all New Yorkers.  In a letter to the Governor, the coalition pointed to the severe economic implications that would result from the passage of A.9232B/S.8485B​ (aka Wrongful Death/Grieving Families Act) and the impact…

​Thanks to the advocacy efforts of the Big I NY legislative team and members, Gov. Hochul has signed into law a bill that narrows the Supplemental Spousal Liability (SSL) opt-out to only those policyholders who indicate on their insurance application that they have a spouse.  Big I NY drove conversations with lawmakers around the customer confusion and time-burden of the original SSL opt-out requirement and engaged members in multiple grassroots calls to action urging both the State Legislature and Governor to quickly remedy the issue.  Thank you to those who made their voice heard on this matter and to lawmakers who swiftly addressed the challenges created by…