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Your Questions About ‘220 Letters’ Answered

​We get frequent questions (that is, six or more in the last two weeks) about cancellation, non-renewal and conditional renewal letters from insurers. A lot of members refer to these as "220 letters," so called because the law that requires them for many types of commercial lines policies (Section 3426 of the New York Insurance Law) was enacted as Chapter 220 of the Laws of 1986. Here in one place are links to some of our posts and answers to member questions about what insurers are and are not required to do. This list will likely grow with time, but here is some information to help…

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​ Our Photo Inspection Reform Bill Was Vetoed: Here’s What Happens Next

What Happened:On November 21st, Governor Hochul vetoed our bill, S.6028/A.6877, which would have allowed insurance companies to waive CARCO inspections. In her veto message, the Governor cited concerns that the bill would remove protections against fraud, increase insurance rates, and harm the businesses that perform photo inspections. What's Next:While we are deeply disappointed the bill was vetoed, we remain confident there is a path forward. In her veto message, Governor Hochul stated that “with modern technology the [photo inspection requirement] could be updated in a responsible way," and that “I am willing to work with the legislature, the insurance industry, and the automotive industry during…

Continue Reading​ Our Photo Inspection Reform Bill Was Vetoed: Here’s What Happens Next

Flood Program To Expire Dec. 16 Unless Congress Acts

​ Photo by South Carolina National Guard. Public Domain.​ ​The National Flood Insurance Program will run​ out of authorization to operate on Dec. 16​, barring congressional action. The program, which Congress has authorized on a temporary basis since its inception in 1968, will lose the ability to issue or renew policies on that date.Reauthorization of the NFIP is not controversial. However, its authorization is tied to approval of an overall spending plan for the federal government. The government's fiscal year ends on September 30 each year. In most years, Congress fails to adopt a budget before the fiscal year end and the government operates under short-term…

Continue ReadingFlood Program To Expire Dec. 16 Unless Congress Acts