BROOKLYN, N.Y.–A lack of statewide building standards is aprimary reason insurers are abandoning New York State coastalrisks, a consultant told an industry meeting here today.
M. Rita Hollada made her remarks during a continuing educationcourse presented by the Professional Insurance Agents of New York'sannual Metropolitan Regional Awareness Program.
She told her audience that agents in New York are experiencingthe same restrictions to their coastal markets that agents in herhome state of Delaware began to experience more than 10 years agoand establishing proper building standards would improve the riskclimate in Brooklyn and elsewhere.
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:
- 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? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.