NU Online News Service, 3:18 p.m. EDT–New York’s Assembly Insurance Committee has released a report calling for legislation giving permanent status to the state’s FAIR Plan property insurance pool, which again faces the prospect of termination.

The agency titled the New York Property Insurance Underwriting Association (NYPIUA), the state’s home and business insurer of last resort, has repeatedly gone out of business over the years as Republicans and Democrats in the legislature squabble over insurance policy.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.