New York insurance agents are lauding Gov. George Pataki for signing into law legislation that will cut in half the time underwriters have to provide agents with information about pending issues with commercial policies that underwriters are not renewing or canceling.

The Professional Insurance Agents of New York State Inc. in a statement “commended” Gov. Pataki for signing the bill–A.1973-c–which cuts agents’ wait time in half for commercial policy “loss run” data. It reduces the maximum time companies are allowed to supply loss runs upon request from the previous 20 to 10 days.

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

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

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

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.