Chair Epstein outlines Res 389 on auto insurance transparency and Res 395 on homeowners insurance rate caps
Epstein introduces Resolution 389 by Council Member Dinowitz calling for passage of the Automobile Insurance Consumer Information Act (S.1196/A.3893), and Resolution 395 by Council Member Morano calling on the state to prohibit homeowners insurance rate increases exceeding 25% per year.
Resolution by Councilmember Dinowitz, calling on New York State Legislature to pass the governor's sign, the Automobile Insurance Consumer Protection Act.
Resolution 395 by Councilmember Morano, calling on the state legislature and the governor's sign, S6356 and A4188, prohibiting the increase in rates of homeowner insurance in excess of 5%.
25 percentage points a year.
I would also like to bring over to the sponsors of the resolutions, starting with Councilmember Brewer.