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N.Y. Regulators Hear Argument For E&S Export List Expansion

New York retail and wholesale agents fired a barrage of arguments Friday at regulators who are considering their request for a change in the rule governing their placement of certain hard-to-place exc

By Phil Gusman | Updated on June 16, 2008

New York retail and wholesale agents fired a barrage of arguments Friday at regulators who are considering their request for a change in the rule governing their placement of certain hard-to-place excess lines business.

In testimony at a New York Insurance Department hearing in Manhattan they urged expansion of the state’s excess and surplus lines export list, to eliminate what they said are the unnecessary regulatory burdens inherent in the current system.

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