New York S 8583: Relates to utility preparedness for outages and disruptions of service

Bill Text

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S08583 Summary:

BILL NOS08583C

&nbsp

SAME ASSAME AS A09016-D

&nbsp

SPONSORKAVANAGH

&nbsp

COSPNSRKRUEGER, MAY

&nbsp

MLTSPNSR

&nbsp

Add §§4122 & 2346-b, amd §§2346, 2305, 3425, 3426, 3462 & 5402, Ins L

&nbsp

Requires property/casualty insurance companies to submit certain zip code-level data to the department of financial services on nonrenewal rates, nonpayment cancellation rates, other cancellation rates, claim frequency rates, average claim amounts, paid loss ratios, and average premiums; requires property/casualty insurance companies that use a natural disaster risk model or scoring method to assign risk, information about such model or scoring method; authorizes a premium discount to policyholders of homeowners insurance or property/casualty insurance applicable to residential real property who demonstrate certain mitigation actions; requires insurers to post about such discounts on their public websites; relates to the timing of cancellation and nonrenewal notices for certain insurance policies; relates to increasing membership of the board governing the New York property insurance underwriting association; requires a quadrennial report on the activities of such association; increases such board membership to 23 including 6 directors appointed by the legislature and 4 directors appointed by the governor.

Go to top S08583 Actions:

BILL NOS08583C

&nbsp

11/17/2025REFERRED TO RULES

11/17/2025AMEND AND RECOMMIT TO RULES

11/17/2025PRINT NUMBER 8583A

01/07/2026REFERRED TO INSURANCE

05/13/2026AMEND (T) AND RECOMMIT TO INSURANCE

05/13/2026PRINT NUMBER 8583B

05/29/2026AMEND (T) AND RECOMMIT TO INSURANCE

05/29/2026PRINT NUMBER 8583C

06/03/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/03/2026ORDERED TO THIRD READING CAL.1637

06/03/2026PASSED SENATE

06/03/2026DELIVERED TO ASSEMBLY

06/04/2026referred to insurance

Go to topS08583 Committee&nbspVotes:

Go to topS08583 Floor&nbspVotes:

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

Go to topS08583 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8583--C

 2025-2026 Regular Sessions

 IN SENATE

 November 17, 2025
 ___________

 Introduced by Sens. KAVANAGH, KRUEGER, MAY -- read twice and ordered
 printed, and when printed to be committed to the Committee on Rules --
 committee discharged, bill amended, ordered reprinted as amended and
 recommitted to said committee -- recommitted to the Committee on
 Insurance in accordance with Senate Rule 6, sec. 8 -- committee
 discharged, bill amended, ordered reprinted as amended and recommitted
 to said committee -- committee discharged, bill amended, ordered
 reprinted as amended and recommitted to said committee

 AN ACT to amend the insurance law, in relation to requiring
 property/casualty insurance companies to submit certain zip code-level
 data to the department of financial services; to amend the insurance
 law, in relation to authorizing a premium discount to policyholders
 who demonstrate certain mitigation actions; to amend the insurance
 law, in relation to the timing of cancellation and nonrenewal notices
 for certain insurance policies; and to amend the insurance law, in
 relation to increasing membership of the board governing the New York
 property insurance underwriting association and to requiring a
 quadrennial report on the activities of such association

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

 1 Section 1. The insurance law is amended by adding a new section 4122
 2 to read as follows:
 3 § 4122. Reporting requirements for property/casualty insurance compa-
 4 nies. Every property/casualty insurance company doing business in this
 5 state shall annually submit the following information to the department
 6 with zip code-level data:
 7 (a) nonrenewal rates;
 8 (b) nonpayment cancellation rates;
 9 (c) other cancellation rates;
 10 (d) claim frequency rates;
 11 (e) average claim amounts;

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13906-09-6

 S. 8583--C 2

 1 (f) paid loss ratios; and
 2 (g) average premiums.
 3 § 2. The insurance law is amended by adding a new section 2346-b to
 4 read as follows:
 5 § 2346-b. Homeown