New York pushes transparency bill for scaffold liability insurance reporting
The bill would mandate that insurers disclose a breakdown of premiums collected specifically for Scaffold Law-related risks, as well as paid judgments, case reserves, incurred but not reported loss estimates, and defense expenses. Insurers would also be required to report on investment income derived from these premiums, salaries of their 20 highest-paid employees, and detailed cost information, including advertising, consulting, and legal fees.
