NYC hears agents and corrects contractor insurance decision

A government agency from New York City has changed their original decision regarding the city’s contractor insurance requirements following the warnings of agents. The NYC Department of Buildings announced that it would alter its contractor general liability insurance requirements for the city. The Independent Insurance Agents and Brokers of New York added that the department also decided that it would not enforce the requirement for advance notice of cancellation to any greater extent than the New York Insurance Law. The Agents’ organization worked with attorneys and other insurance interests in…

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