(DeWitt, New York, Dec. 8, 2014) — The Independent Insurance Agents & Brokers of New York (IIABNY) and the New York State Insurance Fund (NYSIF) discussed a number of business issues during a three-hour meeting in Manhattan recently. The meeting, which participants described as productive, took place at the NYSIF offices in New York City on Oct. 29. 

The discussion centered on NYSIF’s underwriting, claims and audit procedures. New York insurance brokers have expressed concerns to IIABNY regarding certain NYSIF practices. Participants also discussed how NYSIF implements certain New York legal requirements. A provision in New York State law requires employers to give NYSIF 30 days’ advance notice if they wish to drop their coverage.

The meeting, which included a large group of IIABNY member brokers who regularly obtain coverage from NYSIF, was arranged at the behest of IIABNY President and CEO Richard Poppa and NYSIF Executive Director and CEO Eric Madoff. The two leaders have held several conversations in the past year. These discussions resulted in NYSIF making changes to its computer systems to ease problems experienced by brokers and employers.

Both sides expect to continue exploring ways to improve the relationship between brokers and the NYSIF.

The Independent Insurance Agents & Brokers of New York, Inc. has represented the common business interests of independent insurance professionals since 1882. More than 1,750 agencies and their 13,000 plus employees currently rely on the DeWitt, New York-based not-for-profit trade association for legislative advocacy, continuing education and other means of industry support. In addition, most IIABNY members proudly identify themselves as Trusted Choice® agents and brokers, a national consumer brand uniting more than 21,000 independent agencies across the United States. For more information, go to www.trustedchoice.com or www.iiabny.org.