New York lawmakers are moving on legislation to bring flex rating for auto insurance back to the state and to make permanent the state's market of last resort for homeowners insurance.
Michael Barrett, legislative representative for the Independent Insurance Agents and Brokers of New York (IIABNY), said that an agreement between both houses has been reached on the bill, but it still has to go through the voting process.
Introduced in both houses of the New York Legislature, the bill–A.11693/S.8624–is sponsored by Senate Insurance Committee Chairman James Seward, R/I/C-Oneonta, and Assembly Insurance Committee Chairman Joe Morelle, D-Irondequoit.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
