I came across this trade industry group called “New York Fair”, who seems focused on modifying some of the provisions of the new proposed regulations and preventing certain legislation from becoming enacted. Some of the things they say make sense, for instance, opposition to legislation that turns judicial proceedings into glorified arbitration proceedings. Some of the things they say I find questionable, i.e., opposition to giving the insurance carriers more time to pay or deny claims, or opposition to preventing “bad faith” actions. The website of this group is worth a read, if only to see the opinions of others in our industry.
