Speaker Menin: Insurance resolutions and Office of Insurance Affordability overview
Speaker Menin previews Resolution 395 (homeowners insurance rate cap), Resolution 389 (auto insurance consumer information), Resolution 387 (property insurance for affordable housing), and Introduction 685B establishing an Office of Insurance Affordability.
Resolution 395, sponsored also by Councilmember Frank Marano, would call on the New York State Legislature to pass and the governor to sign
S6356A4188, prohibiting increasing in rates of homeowners insurance in excess of 25%.
Thank you to Natalie Meltzer.
Resolution 389, sponsored by Councilmember Eric-Dinowitz, will call on the New York State Legislature to pass and the Governor to sign the Automobile Insurance Consumer Information Act.
Thank you to Natalie Meltzer.
Resolution 387, sponsored by Councilmember Gail Brewer, will call on the New York State Legislature
to pass and the Governor to sign A07828A, S07939, A9015, and A9016A to mitigate the rising cost of property insurance for affordable housing.
Thank you to Madeline Meltzer.
Introduction 685B, sponsored by myself, would establish an office.
of insurance accountability to support consumers navigating the insurance market and address the rising cost of insurance.
Thank you to Sarah Swain and Natalie Meltzer.