"This bill not only saves our organization, but will allow nonprofit carshares across the state to open and flourish," Ithaca Carshare Director Liz Field said in a release. "Carsharing is an important piece of solving many transportation challenges, while greatly reducing carbon emissions. I'm happy that New York is now in line with the rest of the country when it comes to carsharing." Credit: Jordi Clave Garsot/Adobe Stock
New York will now allow risk retention groups registered with the state, but not charted in New York, to offer commercial auto coverage to 501(c)(3) not-for-profit organizations, according to Governor Kathy Hochul's office. The governor signed the new law into effect on Sept. 15, 2023.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
