Albany Update

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,…

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…

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,…

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…

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…

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…

Albany Update 04.07.2026 In this issue … NAIC Releases Deadline for Homeowners Market Data Call DFS Annual Cybersecurity Compliance Notifications Due April 15 WCB Issues New RFA-2 eForm NYIA Co-Sponsors NYC Bar Current Issues in Insurance Regulation, April 24 Bills on the Move NAIC Releases Deadline for Homeowners Market Data Call As mentioned on the…

Albany Update 03.23.2026 In this issue … Governor Hochul Holds Rally to Highlight Auto Insurance Proposals NYIA Budget Materials on Auto Proposals NYIA Engages with Executive on Proposed Changes to WC Fee Schedules Business Council Launches New Website on Affordable Legislation WCB Proposes Regulations to Allow Payment Without Accepting Liability WCB Delays Launch of New…

Albany Update 03.10.2026 The Senate and Assembly have released their One House Budget Bills for fiscal year 2027. This summary highlights major provisions of note to the property and casualty industry following NYIA’s initial review. NYIA is continuing our review of the chamber’s One House bills and will report any further developments to members. If you…

Albany Update 03.06.2026 In this issue … NYC Council Introduces Legislation to Establish Office of Insurance Accountability DFS Provides Insights on DFS ID DFS Adopts Amendments on Repeal of Anti-Arson Application DFS Proposes Amendments on Peer-to-Peer Car Sharing  DMV Commissioner to Retire Effective April 30 WCB to Propose Regulation to Allow for Paying Without Accepting…