NY Assembly Bill A8536 (Introduced 05.20.25)

 

Just learned of this bill, introduced in only the NYS Assembly on Tuesday, May 20, 2025.  Lots to be concerned about here, if you are a NYS property insurer or independent adjuster.  

One needs to read only the first provision of § 6 of this bill to discern who's driving this proposed bill:

(T) PUBLIC ADJUSTERS SHALL BE ABLE TO CHARGE ANY REASONABLE RATE FOR SERVICES RENDERED BY THE ADJUSTER. THE SUPERINTENDENT SHALL NOT LIMIT THE RATE A PUBLIC ADJUSTER MAY CHARGE FOR THEIR SERVICES.

I'll have a detailed assessment of this proposed bills after I've had a chance to study it.

 

Meanwhile, have a nice (and hopefully warmer) Memorial Day on Monday, folks.