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Big I New York Scores Legislative Wins — But Crucial Proactive Bills Stall as Session Closes

Abstract: Lawmakers concluded their regularly scheduled 2025 legislative session this week, but work is far from over. Body: ​Lawmakers concluded their regularly scheduled 2025 legislative session this week, but work is far from over. Big I New York and the insurance industry secured legislative wins and stopped several negative bills. The largest bill category, however, is important proactive bills that were held in one or both chambers. This means that there is much work to be done over the next six months to prepare for the 2026 legislative session.Big I New York tracked hundreds of bills this session. The following represents the status of just a handful of priority…

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Reporting Cybersecurity Incidents

Abstract: The New York financial services cybersecurity regulation requires you to notify the state Department of Financial Services if you are victimized by cyber criminals. Body: ​It is always possible that your agency – or one of the third-party service providers (TPSPs) the agency works with – will be victimized by cyber criminals. If that happens, the New York financial services cybersecurity regulation requires you to notify the state Department of Financial Services (DFS.) While you're attempting to limit and repair the damage, these are some questions that might come up:What is a “cybersecurity incident"?The regulation defines that term in two parts. The first is…

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Do Supermarkets Need Liquor Liability Coverage?

Abstract: If the store sells beer, it's vulnerable to potential lawsuits. Body: ​ Question from a Big I New York member: “Does a grocery or supermarket selling beer need Liquor Legal Liability Coverage? In my mind, and I may be very wrong, a bar serving liquor needs it as they have a responsibility not to serve people who look or sound intoxicated. Can you make a cashier working in a supermarket or grocery assessing customers if they are intoxicated before checking out wine or beer liable for an injury?" Answer: In my opinion, yes, it needs Liquor Liability Coverage. Reasons: They sell alcoholic beverages. If…

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