New York legislation · 2025-2026 General Assembly
New York A9016: Requires property/casualty insurance companies to submit certain data to the department of financial services and authorizes premium discounts to policyholders who demonstrate certain mitigation actions
Status: In committee, June 1, 2026
Requires property/casualty insurance companies to submit certain zip code-level data to the department of financial services on nonrenewal rates, nonpayment cancellation rates, other cancellation rates, claim frequency rates, average claim amounts, paid loss ratios, and average premiums; requires property/casualty insurance companies that use a natural disaster risk model or scoring method to assign risk, information about such model or scoring method; authorizes a premium discount to policyholders of homeowners insurance or property/casualty insurance applicable to residential real property who demonstrate certain mitigation actions; requires insurers to post about such discounts on their public websites; relates to the timing of cancellation and nonrenewal notices for certain insurance policies; relates to increasing membership of the board governing the New York property insurance underwriting association; requires a quadrennial report on the activities of such association; increases such board membership to 23 including 6 directors appointed by the legislature and 4 directors appointed by the governor.
What the bill says
An act to amend the insurance law, in relation to requiring property/casualty insurance companies to submit certain zip code-level data to the department of financial services; to amend the insurance law, in relation to authorizing a premium discount to policyholders who demonstrate certain mitigation actions; to amend the insurance law, in relation to the timing of cancellation and nonrenewal notices for certain insurance policies…
From the amended text, June 1, 2026:
AN ACT to amend the insurance law, in relation to requiring property/casualty insurance companies to submit certain zip code-level data to the department of financial services; to amend the insurance law, in relation to authorizing a premium discount to policyholders who demonstrate certain mitigation actions; to amend the insurance law, in relation to the timing of cancellation and nonrenewal notices for certain insurance policies; and to amend the insurance law, in relation to increasing membership of the board governing the New York property insurance underwriting association and to requiring a quadrennial report on the activities of such association THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. The insurance law is amended by adding a new section 4122 to read as follows: § 4122. REPORTING REQUIREMENTS FOR PROPERTY/CASUALTY INSURANCE COMPANIES. EVERY PROPERTY/CASUALTY INSURANCE COMPANY DOING BUSINESS IN THIS STATE SHALL ANNUALLY SUBMIT THE FOLLOWING INFORMATION TO THE DEPARTMENT WITH ZIP CODE-LEVEL (B) NONPAYMENT CANCELLATION RATES; (C) OTHER CANCELLATION RATES; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13657-06-6 A. 9016--D 2 (D) CLAIM FREQUENCY RATES; (E) AVERAGE CLAIM AMOUNTS; (F) PAID LOSS RATIOS; AND (G) AVERAGE PREMIUMS. § 2. The insurance law is amended by adding a new section 2346-b to …