During state budget talks in Albany this year, one of the biggest battles was over insurance. In January, Gov. Kathy Hochul rolled out a package of bills that her administration asserted would crack down on auto insurance fraud and implement other reforms that would ultimately lower rates for consumers. But lawmakers pushed back, arguing that some of the governor’s proposed changes, such as limiting damages, could shortchange New Yorkers injured in car crashes. In the end, the governor forced through much of her insurance agenda, resetting various rules governing the industry.
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These sweeping changes are the tip of the iceberg when it comes to insurance legislation and regulations in New York – whether it has to do with property and casualty insurance, health insurance or life insurance. City & State’s Who’s Who in Insurance highlights the key players at the intersection of insurance and government in New York, including elected officials, policymakers, regulators, trade association leaders, business executives, entrepreneurs and advocates.
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