The Independent Insurance Agents & Brokers of New York Inc. said it has sent a letter to the top property-casualty companies operating in New York asking them to refrain from denying claims because of late notice until the state legislature adopts changes.
The association said it sent the letter on Sept. 24 asking the carrier executives responsible for their operations in New York not to invoke "late notice unless there is material prejudice."
The letter, authored by Stephen R. Zogby, IIABNY chairman, and Richard A. Poppa, the association's president and chief executive officer, states that the late notice denial of claims has escalated to a "very serious problem" for the association's members and the companies' policyholders.
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