Search
 

Carriers, Agents, Regulators Differ On N.Y. Coastal Homeowners Issues

A panel formed to assess the state of coastal homeowners insurance in New York met for the first time earlier this week, with agent and regulatory representatives noting that there remains an affordability issue in some regions in the state.

By Phil Gusman | Updated on October 14, 2010

NU Online News Service, Oct. 15, 3:47 p.m. EDT

A panel formed to assess the state of coastal homeowners insurance in New York met for the first time earlier this week, with agent and regulatory representatives noting that there remains an affordability issue in some regions in the state.

Speaking to NU Online News Service, New York Insurance Superintendent James Wrynn said he wants to be proactive on the affordability issue, rather than waiting until it reaches crisis levels. He said the insurance department is exploring “modest measures” to assist consumers and to make the marketplace more competitive.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 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.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2025 ALM Global, LLC. All Rights Reserved.