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New York’s insurance industry offers stability in an unstable world

2 0
23.03.2025

New Yorkers are known for their grit and toughness — qualities that allow us to chase our ambitions and navigate challenges. But even the most resilient among us should be confident that in moments of adversity, they’re protected and won’t have to face setbacks alone. They deserve reliable services to transform their dreams into reality. Property and casualty insurance — your auto, homeowners, renters and business coverage — gives New Yorkers the confidence to take risks and face the unexpected while fueling local economies and strengthening our communities.

In an increasingly unstable world, insurance is a force for stability. Unforeseen challenges can disrupt lives and livelihoods in an instant. Insurance companies exist for precisely these moments, delivering peace of mind when it matters most and ensuring that hiccups don’t become crises. In 2023 alone, insurers paid out nearly $40 billion in claims in New York, allowing individuals and families to recover, rebuild and achieve their goals without fear of financial ruin.

New York families shouldn’t be left footing the bill for criminal activity. That’s why insurers are on the front lines of protecting policyholders from fraud. Carriers work closely with local and state law enforcement to identify and prosecute scammers, stopping criminals before they drive up costs for hardworking New Yorkers. Insurance fraud is far from a victimless crime — it strains........

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