Why N.Y. Cant Act
New York's legislature a group that plunges deeper into national disrepute each year recently displayed why it deserves its sad reputation, spending two months ineptly grappling over a simple provision of insurance law.
The political football in this case was legislation to renew the operations of the New York Fair Plan the insurance pool for people who have difficulty getting coverage for homes or businesses. It was allowed to expire April 30. When they finally managed to pass legislation resuscitating it, the best Albany could do was approve a 12-month extension.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.