Cancellation Moratorium and Premium Repayment Provisions Extended Until June 28th

New York Gov. Andrew Cuomo has again extended an order that prohibits insurance carriers from terminating some policies and requires them to be lenient with policyholders suffering financially from the COVID-19 pandemic. The requirements, which were scheduled to expire on June 6, will remain in place until June 28th.  The governor issued an executive order on March 29 that required the state Department of Financial Services to issue regulations setting a 60-day moratorium on insurers cancelling, non-renewing or conditionally renewing some policies. The regulations also required insurers and premium finance companies to make accommodations for households and small businesses having trouble paying their premiums because of the pandemic. The expiration of…

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Agents on the Front Lines – Virtual Visits on the Hill

​Long story short: Big I NY members from across the state met virtually with our Congressional representatives Members discussed key issues facing the industry, including the COVID-19 Recovery Fund and business interruption coverage legislation Despite the ongoing pandemic, independent agents were still able to make our voices heard on the hill. This week and last, Big I NY members participated in virtual meetings with members of the state's Congressional delegation, including the offices of Senator Schumer and Gillibrand, and multiple Members of Congress. "This was my first time joining a congressional meeting with Big I NY, and I wasn't sure what to expect. It was a great…

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Join Big I NY for our Virtual “Meetings on the Hill” as Part of National Legislative Conference!

​Legislative Conference has gone virtual this year, but just because we're not in D.C., doesn't mean we can't make our voices heard with our Members of Congress. Big I NY is scheduling virtual meetings with our Congressional delegation between May 13th and May 20th, and we need you! There are many critical issues facing our industry, and there has never been a greater need for agents to speak up. REGISTER FOR CONGRESSIONAL MEETINGS HERE We'll discuss legislation around Business Interruption Insurance, the Paycheck Protection Program, Recovery Fund, and Future Pandemic Losses.  Big I National will provide a 45 minute legislative briefing on May 13th at…

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