James L. Seward's posts related to Insurance

Seward Continues Fight Against "Fraud Tax"

ALBANY, NY May 3, 2011 – Senator James L. Seward joined forces today with King County District Attorney Charles Hynes, Senator Martin Golden and Assemblyman Joseph Morelle in support of reforming New York’s no-fault auto insurance laws.

New Yorkers now pay the fourth highest premiums in the nation for auto insurance, due in large part to an outdated system that is rife with fraud and abuse.  In 2010, for the second consecutive year, no-fault fraud cost New Yorkers more than $200 million—this cost is a ‘Fraud Tax’ that is absorbed by all drivers across the state in the form of higher insurance premiums.

Insurance Exchange Legislation Establishes Blueprint For Future Of Health Insurance In New York

ALBANY, 06/09/11 – Chair of the Senate Standing Committee on Insurance Senator James L. Seward (R/C/I, Oneonta) and Chair of the Senate Standing Committee on Health Senator Kemp Hannon (R/C/I, Garden City) joined today to announce legislation (S.5652) has been filed in the senate that will establish a blueprint for the development and implementation of the Health Insurance Exchange in New York State, mandated by the federal Affordable Care Act (ACA).

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Seward Bill Streamlines Commercial Insurance Regulation

ALBANY, 06/21/11 – The New York State Senate today passed legislation (S.5811) that will modernize the regulation of commercial insurance.  The legislation, sponsored by the Chairman of the Senate Insurance Committee Senator James L. Seward (R/C/I – Oneonta), will exempt some large commercial insurance policyholders from certain state requirements.

“This legislation is a much needed step toward streamlining and modernizing insurance regulation in New York state,” said Senator Seward.  “The changes will also keep premium dollars right here, helping bolster an already robust insurance job market.”

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Steps To Rebuild Following Hurricane Irene

ONEONTA, 08/29/11 – State Senator James L. Seward (R/C/I-Oneonta) today applauded the efforts of Governor Cuomo and other state and local officials in continuing to keep residents informed of steps to take following Hurricane Irene.  Below is a press release issued by the governor’s office which includes vital information in regard to property losses and insurance claims.

"The days following a natural disaster can be confusing and stressful, but it is important for those who have suffered property damage to file an insurance claim as quickly as possible to help protect their financial future," Governor Cuomo said.

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