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ISSUED: 2/14/2002 FOR IMMEDIATE RELEASE

ADVISORY

PUBLIC FORUM TO BE HELD IN LONG ISLAND, MANHATTAN AND ALBANY

Department to Hold Hearings to Assess the Insurance Marketplace

The New York State Insurance Department is conducting state-wide forums to assess the impact of September 11th on the insurance marketplace, including the availability and adequacy of coverage to homeowners, small businesses and large commercial risks. The first three forums are as follows:

Long Island

Manhattan

Albany

Town Pavilion
1 Washington St.
Hempstead, NY 11550
516-812-3460

NYS Ins. Dept
25 Beaver St
5th Floor
NYC, NY
212-480-5262

Legislative Office Building
Hearing Room A
Albany, NY
518-474-4567

Wed., February 20th
4-6pm
RSVP Date: 2/19/02

Thurs., February 21st
1:30-4pm
RSVP Date: 2/20/02

Mon., February 25th
11am–1pm
RSVP Date: 2/22/02

The forums are open to the public. The Department is especially interested in the views of consumers, business owners, insurance agents and brokers, and those who are actively involved in purchasing or procuring insurance coverages for small businesses.

Attendees are asked to confirm their attendance by calling Ellen Wenz at 212-480-5262 in New York City by the RSVP date provided. Individuals who want to give oral testimony must confirm attendance. Oral testimony will be allowed up to 5 minutes.

Written submissions may be made at the forum. The Department encourages submission of written testimony to be added to the official record. Written testimony should include, but not be limited to, the following topics:

  • The availability of coverage, including the adequacy of coverages and coverage limits;
  • Use of exclusions or other provisions limiting coverages or risk transfer;
  • Changes and adjustments in premiums on insurance policies; and
  • The role of reinsurance in current market dynamics.

For additional information on this public forum or on other state-wide public forums, please contact the Department at 212-480-5262.

 

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