· NY legislature · 2025-2026

Requires a liability insurer that has an opportunity to settle a claim at or within the policy limits, and refuses to do so, to be liable for any verdict in excess of the insurance policy limits

Requires a liability insurer that has an opportunity to settle a claim at or within the policy limits, and refuses to do so, to be liable for any verdict in excess of the insurance policy limits; prohibits the insurer from recovering such excess judgment from the insured.

Sponsor

Demond Meeks (D-NY)

Introduced

2025-01-30

Policy area

Finance and Financial Sector

Latest action

REFERRED TO INSURANCE