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NY's Plans for a Direct Competitor to Lloyd's Are Gaining Momentum.

January 6, 2010

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We have previously commented on NY's plans to reopen a New York Insurance Exchange. It appears that the reopening of the exchange will be a priority of NYS Governor Patterson heading into an election year. In his State of the State Address earlier today <a href="http://www.ny.gov/governor/press/press_01061001.html">http://www.ny.gov/governor/press/press_01061001.html</a>, Governor Patterson announced that, assuming industry interest, his administration plans to create a New York Insurance Exchange and have it operational "as soon as possible."

<a href="http://www.insurancejournal.com/news/national/2010/01/06/106431.htm">http://www.insurancejournal.com/news/national/2010/01/06/106431.htm</a>

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