Posts by mdurant@nyia.org
Albany Update Session Snapshot
Albany Update Session Snapshot The regularly scheduled legislative session has concluded with the Assembly gaveling out this evening. The Senate previously adjourned in the early morning. Linked here is NYIA’s Session Snapshot report, which provides the status of many key pieces of legislation for the property and casualty insurance industry that have progressed this year. The bills that passed both houses,…
Read MoreAlbany Update 06.02.2026
Albany Update 06.02.2026 In this issue … Legislature Passes State Budget Bills on the Move DFS Adopts Regulation on Peer-to-Peer Car Sharing NYCIRB Releases Pamphlet on Data Submissions to Phoenix Legislative Introduction Bulletin Legislature Passes State Budget After nearly two months of stalemate, and the passage of multiple extenders, the last of the budget bills…
Read MoreAlbany Update State Budget
Albany Update State Budget New York State Budget Finalized After nearly two months of stalemate, and the passage of multiple extenders, the last of the budget bills have been introduced and are currently being voted on. Both houses of the legislature are expected to finish voting in the near future. Notably on Thursday, May 7,…
Read MoreAlbany Alert: DFS Circular Letter on Disaster Planning, Preparedness, and Response
Albany Alert: DFS Circular Letter on Disaster Planning, Preparedness, and Response The New York Department of Financial Services (DFS) issued its annual circular letter on disaster planning, preparedness, and response today. The circular letter to the P&C insurance industry requires each regulated entity to submit to DFS a response to a pre-disaster data survey by 6/11/26,…
Read MoreAlbany Update 05.15.2026
Albany Update 05.15.2026 In this issue … State Budget Developments Governor Announces Loan for Affordable Housing Insurance Coverage WCB Updates Process for Requesting Records DFS Approves NYCIRB Revised Rating Values NYCIRB Files Request for Loss Cost Decrease Property and Casualty Industry’s Legislative Action Day Bills on the Move State Budget Developments Both houses passed another…
Read MoreLegislative Introduction Bulletin 05.11.26
Legislative Introduction Bulletin 05.11.26 Legislative Introduction Bulletin 05.11.26Â contains bills of interest that have been added to NYIA’s tracking list from April 25, 2026, to May 8, 2026. If you would like a copy of a particular bill or sponsor memo, please visit the Senate or Assembly websites, which are linked in the bulletin. We are…
Read MoreAlbany Alert: Governor Announces Budget Agreement
Albany Alert: Governor Announces Budget Agreement The Governor hosted a press conference this morning and announced that a budget agreement has been reached, in what she has said will amount to a total budget of $268 billion for the state. The legislative leaders have not made similar announcements and Speaker Heastie has been reported as…
Read MoreAlbany Update 05.04.2026
Albany Update 05.04.2026 In this issue … State Budget Developments NYC Council Considers Bill to Establish Office of Insurance Accountability Governor Names Acting Commissioner of DMV WCB Highlights Modernization Projects NYIA Attends NYC Bar Current Issues in Insurance Regulation 2026 NYIA Attends Con Ed Powering Micromobility: Demystifying E-Bike Charging Solutions Enacted Law Bulletin Bills on…
Read MoreLegislative Introduction Bulletin 04.27.26
Legislative Introduction Bulletin 04.27.26 Legislative Introduction Bulletin 04.27.2026 contains bills of interest that have been added to NYIA’s tracking list from April 11, 2026, to April 25, 2026. If you would like a copy of a particular bill or sponsor memo, please visit the Senate or Assembly websites, which are linked in the bulletin. The…
Read MoreAlbany Update 04.20.2026
Albany Update 04.20.2026 In this issue … State Budget Developments Mamdani Announces Plan to Lower Insurance Costs for Landlords Updates on NAIC Data Calls Cybersecurity Compliance Notification Extended in Relation to DFS ID Issues DFS Proposes Regulation to Amend NF-10 Form WCB Adopts Regulation Allowing Residents to Treat Injured Workers WCB Sets New Maximum and…
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