In this AAIS Market Report, New York Insurance Association (NYIA) President Ellen Melchionni discusses issues and challenges facing the U.S. and New York insurance markets, legislation and regulation, and much more.

Ms. Melchionni says U.S. insurers are still feeling the effects of issues related to COVID-19, highlighting the challenge to keep their workforce and workplaces safe, while responding to the impact of the pandemic on the broader U.S. economy and the insurance industry overall.

Ms. Melchionni stated that New York does not ‘follow suit’ when other states adopt certain insurance models. Legislators and regulators tend to tweak rules and add mandates that impact the specific needs of New York.

To hear more from Ms. Melchionni’s Market Report, including her thoughts on NYIA efforts to help NY Insurers navigate today’s Market, NYIA’s historic 140 anniversary, and a look ahead to the NYIA’s 2022 Annual Conference, click on the video link provided.