The Independent Insurance Agents and Brokers of New York expressed optimism that the State Assembly will take action on legislation to ease the coastal homeowners insurance situation on Long Island.
The agents association offered that assessment today after a meeting last week on Long Island between some of its agent representatives and a group of Assembly members, including Insurance Committee Chairman Joseph D. Morelle, D-Rochester.
Kathy Weinheimer, IIABNY's senior vice president of industry relations and education, said Mr. Morelle also discussed the possibility of a change to allow multiple lines of insurance to make rate changes within certain percentage levels without regulatory permission- flex rating.
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