New York lawmakers are moving on legislation to bring flex rating for auto insurance back to the state and to make permanent the state's market of last resort for homeowners insurance.
Michael Barrett, legislative representative for the Independent Insurance Agents and Brokers of New York (IIABNY), said that an agreement between both houses has been reached on the bill, but it still has to go through the voting process.
Introduced in both houses of the New York Legislature, the bill–A.11693/S.8624–is sponsored by Senate Insurance Committee Chairman James Seward, R/I/C-Oneonta, and Assembly Insurance Committee Chairman Joe Morelle, D-Irondequoit.
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