In New York state the 2023 legislative session was scheduled to conclude on June 8. The state Senate adjourned on Saturday, June 10, at 3:27 a.m. And, the state Assembly closed its session later that day at 4:35 p.m. However, it appears that the Assembly’s adjournment...
On May 9, 2023, PIWA held a series of advocacy meetings in the State Capitol and Legislative Office Building with legislators and key staff to highlight the importance of the excess-and-surplus-lines insurance market and to advocate for the passage of priority...
Two of PIANY’s top legislative priorities for the 2023 legislative session successfully were reported out of the Senate Insurance Committee today: S.5889, which would make important reforms to the New York state’s outdated photo inspection law; and S.5896, which would exempt commercial insurance policies placed by retail insurance brokers through the unaffiliated wholesale excess-line brokers from the diligent-effort requirement when placing business in the excess & surplus marketplace.
Legislation to streamline the process of placing commercial policies in the excess-lines market has passed the New York state Senate (63-0) on May 24. The bill (S.498A) would simplify the excess-lines affidavit that producing brokers must complete as part of the...
Each year, PIANY tackles legislation that its members identify as vital to the insurance industry, their clients and their businesses. They become PIANY’s legislative focus for the legislative session. In the first quarter of 2021, activity centered on these PIANY...