Insurance Department

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.