Legislators for New York's coastal areas, where property insurance is in short supply, told an agents group they met with that they will focus lawmaking efforts on measures to improve their districts' insurance marketplaces, an official of the organization said.

Steve Zogby, chairman the Independent Insurance Agents & Brokers of New York, said that at the meeting Wednesday in Albany between state senators and assembly members and 200 agents, the legislators from Long Island and the southern part of the state said they were “very concerned and want to concentrate efforts on improving the coastal market for insurance.”

IIABANY members visited the capital for a 38th Legislative or “L” Day of discussions that ranged over topics including the homeowners insurance markets in coastal areas and late notice of claims and workers' compensation.

Legislators involved in “L” Day discussions included Sen. Joseph L. Bruno (R-Rensselaer), Senate majority leader; Assemblyman Sheldon Silver (D-Manhattan), State Assembly speaker and Sen. James L. Seward (R-Oneonta), chairman, Senate Insurance Committee.

The IIABNY executive team also met with Zachary Weiss, chairman of the Workers' Compensation Board, Scott Rothstein, executive director of the Commission to Modernize the Regulation of Financial Services and Monte Almer, president, New York Compensation Insurance Rating Board. Discussed with Mr. Almer was NYCIRB's future role, in light of last year's workers' compensation reform.

Special Reports /

NY Legislators Promise Focus On Coastal Insurance

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