New York A06010 allows policyholders to sue insurers for unfair claim settlement practices, including delays and refusals to pay.

New York A06010, known as the "Fair Insurance Settlement Practice Act (FISPA)," amends the insurance law to provide policyholders with a private right of action against insurers who refuse or delay payment of insurance claims. The bill outlines specific unfair practices, such as misrepresenting facts, failing to investigate claims, and delaying payments. Policyholders can seek damages, equitable relief, and attorneys' fees. Insurers cannot require policyholders to waive their right to a jury trial.

New York A06010 allows policyholders to sue insurers for unfair claim settlement practices, including delays and refusals to pay.

New York A06010, known as the "Fair Insurance Settlement Practice Act (FISPA)," amends the insurance law to provide policyholders with a private right of action against insurers who refuse or delay payment of insurance claims. The bill outlines specific unfair practices, such as misrepresenting facts, failing to investigate claims, and delaying payments. Policyholders can seek damages, equitable relief, and attorneys' fees. Insurers cannot require policyholders to waive their right to a jury trial.