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ISSUED: 4/2/2002 FOR IMMEDIATE RELEASE

ADVISORY

PUBLIC INSURANCE FORUM TO BE HELD IN ROCHESTER

Department to Hold Hearing to Assess the Insurance Marketplace

The New York State Insurance Department has been conducting forums around the state 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 next forum is scheduled on April 12th in Rochester as follows:

Friday, April 12th
University of Rochester
601 Elmwood Avenue
Hospital Medical Center, 2nd Floor
Medical Center Board Room
Rochester, NY
2-3:30pm

The forum is 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 April 10, 2002. 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.

Forums were conducted on Long Island, Manhattan and Albany earlier this year. 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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