The Annual Commercial
Property/Casualty Report In 1986, in response to
problems in the
insurance industry, the State Legislature required that the State
Insurance Department prepare
an annual report summarizing certain aspects of the operations of
the commercial and casualty
insurers operating in New York State. In 1996, Department
officials asked the State
Legislature to repeal this requirement, because they believe the
report is no longer useful. We
evaluated the usefulness of the annual report and agree with
Department officials: we believe
the report is not useful and should be eliminated. We note that
the Department provides other
information about commercial and property insurers, and this
information is more useful than
the annual report.
For a complete copy of 95-S-105 click here.
For a copy of the associated follow-up report click here.
For a copy of the 90-day response click here.