Setting the Agenda: Legislative Priorities for 2014

Written by City & State on . Posted in Banking/Insurance, Budget/Taxes, Economic Development, Energy, Environment, Health Care

A Head Start on the 2014 Season As Benjamin Franklin once said, “By failing to prepare, you are preparing to fail.” For many organizations, interests and activists— and the media outlets tha t cover them—by the time the focus shifts to the next year’s legislative agenda in Albany, the top players have already set the priorities—the battle lines are already drawn. It’s with the aim of preparing for next year and keeping ahead of the curve—and engaging the 2014 legislative… [More]

Setting the Agenda: Insurance and Finance

Written by Adam Janos on . Posted in Banking/Insurance

A New York City taxi is caught during flooding from Hurricane Irene (Photo: Scott Witt) The relationship between insurance companies and the state was heated at times last year. The Department of Financial Services (DFS) issued online report cards for insurance companies based on their response record in the wake of Sandy, a measure that drew the ire of those in the industry who already felt overburdened by the workload the storm had caused. Meanwhile, the state Senate and Assembly… [More]

Zebrowski Introduces Bill To Eliminate Used Car Insurance Photos

Written by Jon Lentz on . Posted in Banking/Insurance, Features, Heard Around Town, News

Ever wonder whether your used car might be stolen? It might be a little more difficult to find out if a bill passes the legislature this week. Assemblyman Kenneth Zebrowski proposed a bill to remove the mandate on insurance companies to require insurers to get a photo taken of their used car within 12 days of obtaining insurance. Assembly Insurance Chairman Kevin Cahill said that insurance companies told him they didn’t need the requirement and that brokers and agents said it was a “detriment to… [More]

Scorecard: Insurance

Written by City & State on . Posted in Banking/Insurance

The New York Department of Financial Services Superintendent Benjamin Lawsky has taken steps to hold insurance companies accountable in the wake of Superstorm Sandy, while also targeting other insurance-related issues, such as reforms to force-placed insurance. In the state Legislature, state Sen. James Seward has focused on combating auto insurance fraud, among other issues, as chair of the Insurance Committee, while Assemblyman Kevin Cahill, who took over as Seward’s counterpart in the Assembly this year, has held a hearing and… [More]

Cuomo Setting New Regulations To Expedite Insurance Claims

Written by Nick Powell on . Posted in Banking/Insurance, Blog, Daily, Government Operations, Latest, News, Public Safety, Real Estate/Construction

With hundreds of thousands of Sandy-related insurance claims placing a burden on insurance companies and frustrating homeowners, Gov. Andrew Cuomo announced that the Department of Financial Services would be publishing a series of new regulations to expedite the process of getting people’s homes back in shape. “The problem is one of scale and quantity,” Cuomo said at a press briefing today. “You have about 360,000 people that have insurance claims right now, so you can imagine the overwhelming task of… [More]