New York A 72: Requires the superintendent of financial services to promulgate regulations which provide standardized definitions for commonly used terms and phrases in certain insurance policies

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A00072 Summary:

BILL NOA00072 

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SAME ASSAME AS S04799

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SPONSORSolages

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COSPNSRGallagher, Epstein, Raga, Shrestha, De Los Santos, Colton, Reyes, Gonzalez-Rojas, Simon, Kelles

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MLTSPNSR

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Add Art 20-B §§328 - 328-c, Gen Bus L

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Creates climate liability for fossil fuel related activity which caused or contributed to climate change; creates a right of action.

Go to top A00072 Actions:

BILL NOA00072 

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01/08/2025referred to environmental conservation

01/07/2026referred to environmental conservation

Go to topA00072 Committee&nbspVotes:

Go to topA00072 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA00072 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 72

 2025-2026 Regular Sessions

 IN ASSEMBLY

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by M. of A. SOLAGES, GALLAGHER, EPSTEIN, RAGA, SHRESTHA,
 DE LOS SANTOS, COLTON, REYES -- read once and referred to the Commit-
 tee on Environmental Conservation

 AN ACT to amend the general business law, in relation to creating
 climate liability for dangers to safety and health caused by certain
 fossil fuel related activities

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The legislature finds that the consequences of a changing
 2 climate directly impact New York state. Around the world thousands of
 3 scientific studies have documented changes in air and water temper-
 4 atures, melting glaciers, diminishing snow cover, shrinking sea ice,
 5 rising sea levels, ocean acidification, and increasing atmospheric water
 6 vapor. Warming trends and incidences of intense heat waves will
 7 contribute to greater localized heat stresses; heavy rainfall events
 8 that exacerbate localized flooding will continue to impact food
 9 production, natural ecosystems, and water resources; and sea-level rise
 10 will increasingly threaten sensitive coastal communities and ecosystems.
 11 Climate change is adversely affecting New York's economic well-being,
 12 public health, natural resources, and environment.
 13 To achieve the goals of the Climate Leadership and Community
 14 Protection Act (hereinafter the "Climate Act") that include 70% renewa-
 15 ble electricity by 2030, 100% zero-emission electricity by 2040, a 40%
 16 reduction in statewide GHG emissions from 1990 levels by 2030, an 85%
 17 reduction in statewide GHG emissions from 1990 levels by 2050, and net
 18 zero emissions statewide by 2050, the New York State Climate Action
 19 Council (the "Council") determined in its Scoping Plan for the Climate
 20 Act that "it is imperative that New York take immediate action to
 21 aggressively reduce GHG emissions as well as invest in resiliency meas-
 22 ures." Although the plan is not authoritative on the full scope of

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00312-01-5

 A. 72 2

 1 damage, the cost of not taking immediate and aggressive action, accord-
 2 ing to the Council, is approximately $115 billion dollars.
 3 The public health impacts of GHG and co-pollutant emissions are simi-
 4 larly devastating. Increased heat stress (such as heat edema, heat
 5 stroke, heat cramps, heat stress, and dehydration) and other heat-relat-
 6 ed morbidity and mortality; exacerbation of respiratory conditions
 7 (including pneumonia, asthma, and chronic obstructive pulmonary disease)
 8 and cardiovascular disease; increased duration and severity of allergy
 9 symptoms due to increased duration and intensity of pollen season;
 10 increased risk for vector-borne diseases (such as Lyme disease, West
 11 Nile virus, and other pathogens); increased risk of injury and death
 12 following extreme precipitation events and flooding (or, conversely,
 13 after droughts); rising sea levels that threaten infrastructure; the
 14 saltwater intrusion of the State's groundwater resources (which may
 15 impact drinking water supplies); and poor indoor air quality (such as
 16 mold and moisture) are just some of those impacts. Additionally,
 17 climate-driven impacts are magnified in New York's historically margi-
 18 nalized communities that have been disproportion