New York Senate bill in Session 2025-2026.
Status: in_committee. Latest action: February 24, 2026.
Requires prior approval of certain rates; requires insurers provide written explanations for certain premium increases; and authorizes the refiling of certain rates.
Requires rate filings for prior approval for commercial property insurance, commercial general liability insurance, and personal residential property insurance; requires insurers provide written explanations for premium increases in certain covered policies; requires certain insurers of homeowners' insurance to refile its homeowners' insurance rates and, in certain circumstances, be required to reduce rates.
| Date | Event | Detail |
|---|---|---|
| 2026-02-24 | Introduced | Bill introduced |
| 2026-02-24 | Status | in_committee |
| 2026-02-24 | Latest Action | In Senate Committee |