NAMIC: Issue Briefs on New York Rate Modernization Initiative; Graduated Driver’s Licenses Published

Two NAMIC state affairs managers have produced Issue Briefs that have been released this week.

Paul Tetrault, who covers the northeast region, has written a brief entitled, “Changing the Terms of the Regulatory Modernization Conversation: The New York Initiative.” It describes the efforts of the New York Insurance Association, a NAMIC state advocacy partner, in introducing legislation this year to change the debate on regulatory modernization by creating three levels of competitiveness —highly competitive, moderately competitive and noncompetitive—the legislation would establish a corresponding level of regulatory involvement.

Although the legislation did not pass this year, Tetrault says the NYIA intends to re-introduce the legislation next year. He concludes by noting, “Enactment of substantial reform in a state like New York could go a long way to picking up the momentum of insurance regulatory reform, a development that is sorely needed.”

Tami Stanton, who covers the central region, has written a brief entitled, “Recent Studies, Statistics on Graduated Drivers Licenses Standards Reveal Fewer Teen Auto Fatalities.” Stanton reviews a number of recent studies that looked at what provisions in graduated drivers licensing standards helped to reduce teen fatalities.

“Graduated driver licensing programs have proven to be effective in reducing the risk of vehicle crashes among teen drivers,” Stanton concludes. “With the release of the recent studies, state lawmakers now know which specific GDL programs are most effective.”

Posted: Monday, August 21, 2006 12:00:00 AM. Modified: Monday, August 21, 2006 11:05:32 AM.

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