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A New Push To End NY Rate Regulation

A carrier's trade group representative said his organization is hopeful of pushing through a measure to change New York's insurance rate regulation structure ...

By Matt Brady | Updated on March 25, 2005

A carrier’s trade group representative said his organization is hopeful of pushing through a measure to change New York’s insurance rate regulation structure to a market-based system despite tough Assembly opposition.

The proposal, circulated for comment by the Albany-based New York Insurance Association, would establish a file and use system in the state for both commercial and personal lines.

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