NYBFUNew York Board of Fire Underwriters
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Following the conference more than 100 insurance industry professionals met with lawmakers this week in Albany to highlight the need for legislative action on key issues such as no-fault auto insurance reform, tort reform, coastal homeowners issues and repeal of the New York Board of Fire Underwriters (NYBFU), while emphasizing the important role that the property/casualty insurance industry plays in the state.
Created more than 100 years ago to fund the activities of a fire patrol, NYBFU is an outmoded, unnecessary and archaic quasi-governmental unit.
"We support legislation to repeal NYBFU," said Melchionni.