New York lawmakers are seeking to tamp down rising homeowner insurance premiums as part of a broader focus on tackling the state’s high cost of living.
Democrats in recent legislative hearings have linked rising insurance property-and-casualty costs to affordability issues, including energy bills and housing, that they intend to target this session. Lawmakers said on Wednesday they plan to introduce legislation that would enact new guardrails to curb some of those costs, such as compelling insurance carriers to offer discounts to homeowners struggling to pay their bills.
New York homeowners have dealt with average increases of over $1,000 in their …
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.