Search
 

Industry: Misguided Sandy-Inspired N.Y. Bills to Bring More Harm than Good

Legislation being mulled in New York could be putting the Empire State on a path to the bottom of a list of states with the worst insurance markets.

By Chad Hemenway | Updated on June 07, 2013

Legislation being mulled in New York could be putting the Empire State “on a path to the bottom” of a list of states with the worst insurance markets.

Kristina Baldwin, vice president for the Property Casualty Insurers Association of America (PCI) says a group of nine insurance bills—one of which looks to prohibit the anti-concurrent causation clause language in homeowners policies—were spawned by Superstorm Sandy, but are also a simple case of trying to fix what isn’t broken.

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

© 2024 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 © 2024 ALM Global, LLC. All Rights Reserved.