Active Year For Insurance Legislation In New York: Passage of Bills Related to No Prejudice Standard, Identity Theft Insurance, and Automobile Insurance Flex Rating Among Important Changes to Law

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The New York State Legislature adjourned on June 24. In addition to the dramatic changes among the leadership of state government ? with the departure of Governor Eliot Spitzer and the announced departure of Senate Majority Leader Joseph Bruno and the arrivals of Governor David Paterson and Senate Majority Leader Dean Skelos ? there were several significant bills passed by the Legislature and enacted into law or awaiting review by the Governor that affect the insurance industry. The following is a brief overview of many of those bills, including their status in the legislative process.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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