News

Abstract: Big I New York’s efforts to spur congressional action on the state’s “scaffold law” bore fruit this week when Congressman Nick Langworthy (NY-23) introduced the Infrastructure Expansion Act (H.R. 3548) in the U.S. House of Representatives. The bill would modify the law’s effects on construction projects receiving federal funding. Body: Big I New York meeting with Rep. Nick Langworthy in Washington, D.C. to discuss the impact of Labor Law 240/241 on the New York insurance marketplace. (from left, Ashley Engl, Travis Wattie, Doug Benz, Rep. Langworthy, Patrick Erickson, Lisa Hussainov, Kristin McNally, and Kate Sellers. Big I New York's efforts to spur congressional action on…

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…