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DFS Proposes Hurricane Deductible Trigger Regulation

Abstract: The New York State Department of Financial Services (DFS) has formally proposed an amended regulation on hurricane deductible triggers. Body: ​The New York State Department of Financial Services (DFS) has formally proposed an amended regulation on hurricane deductible triggers. The department is accepting comments from the public until July 7.The regulation will implement a law enacted last year. That law, which Big I New York supported, requires the department to “by regulation establish standards for hurricane windstorm deductibles, which create, to the greatest extent possible, uniformity in the operation of such deductibles with respect to the triggering event." The law was intended to respond…

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NY High Court Lowers Bar To Suing Over Dog Bites

Abstract: It will be easier for victims of dog bites to hold pet owners liable thanks to a ruling last month from New York's highest court. Body: ​It will be easier for victims of dog bites to hold pet owners liable thanks to a ruling last month from New York's highest court. The Court of Appeals unanimously overturned previous rulings holding dog owners to a “strict liability" standard, meaning that the owner had no defense against a lawsuit only if they had “actual or constructive knowledge of their animal's vicious propensities." The case involved a postal worker bitten in 2018 by a 70-pound dog while…

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Big I NY Single Producer License Bill Introduced

Abstract: Big I New York’s bill to create a single insurance producer’s license has been introduced in the New York State Assembly. Body: ​Big I New York's bill to create a single insurance producer's license has been introduced in the New York State Assembly. Assemblymember Pamela J. Hunter (D – 128th District) introduced Assembly Bill 8065 in that chamber on April 22, 2025.The bill would replace separate licenses for insurance agents and brokers with a single producer's license. Separate licenses for the life/health and property/casualty lines of authority would continue to exist.The bill would conform New York's licensing system with those in most other states.…

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