· NY legislature · 2025-2026

Enacts the "New York state catastrophe fund authority act"; appropriation

Enacts the "New York state catastrophe fund authority act" for the purpose of facilitating the creation of innovative solutions to property insurance crises and to ensure the viability of insurance carriers in the state; appropriates $10,000,000 to initiate such fund.

Sponsor

Steve Stern (D-NY)

Introduced

2025-11-03

Policy area

Finance and Financial Sector

Latest action

REFERRED TO INSURANCE