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.
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:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 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.