JSA2026: Insurance Market Reform Agenda for New York
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🔵 JSA2026: Insurance Market Reform Agenda
Fixing New York’s Broken Insurance Market
“In New York, you get punished for being poor and penalized for protecting your home. That ends day one.”
Premiums must reflect risk fairly, not corporate greed.
Core Reforms
Ban Credit Scores in Pricing. Stop discriminatory rating schemes — no more punishing families for medical debt or student loans.
Public Option for Home & Auto (NYS Insurance Choice). State-backed, nonprofit coverage for high-risk zones and underserved communities.
Cap Executive & Lobby Overhead. Limit spending on bonuses and bureaucracy; premiums fund protection, not perks.
Rate-Hike Transparency. Require full actuarial reports + independent consumer review before approval.
Fix Assigned-Risk Pool Abuse. Appeals process with legal safeguards for drivers unfairly dumped into high-cost pools.
No-Fault Fraud Crackdown. AI-driven claim verification; tougher oversight on medical mills inflating payouts.
Reward Risk Mitigation. Rebates for flood barriers, fireproofing, storm hardening — resilience should lower premiums.
New Additions for 2026
Climate & Catastrophe Risk Reform. Fair pools for flood and storm-prone zones; no automatic “redlining” of whole counties.
Local Competition. Incentives for credit unions and regional insurers to enter the NY market, breaking monopolies.
Consumer Dashboard. Public portal showing rate filings, denials, fraud recoveries, and executive pay disclosures.
Whistleblower Protections. Shield employees who expose insurance fraud or kickbacks.
Day One & First 100 Days
Day One: Introduce ban on credit-score pricing; announce NYS Insurance Choice framework.
Day One: Order DOI to publish rate-hike dashboards & executive pay disclosures.
First 60 Days: Launch fraud-analytics task force for no-fault auto claims.
First 100 Days: File legislation for catastrophe pools + small-insurer entry incentives.
Transparency & Metrics
Affordability
- Average auto premium vs. national average
- Homeowner coverage rates in high-risk zones
Integrity
- Fraud cases detected & recoveries
- Whistleblower reports protected
Fairness
- Rate hikes approved vs. denied
- Consumer complaints resolved
Discover more from JSA NYS Gov. 2026
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