Is New York’s coastal homeowners market–particularly on hurricane-exposed Long Island–really in crisis? Assessments vary greatly depending on the observer. Agents are not afraid to use the word “crisis,” or at least “serious problem,” to describe availability and affordability in certain areas along the coast, while the New York Insurance Department and some major carriers such as Allstate view the market more as a “concern” with respect to affordability.

Meanwhile, at least one nonadmitted wholesaler who has recently begun offering coverage on Long Island describes the market there as vibrant and competitive–at least among nonadmitted providers.

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