Independent Insurance Agents & Brokers of N.Y. Inc. recently launched a hydrofracking task force to examine insurance coverage issues and to assist New York region’s agents and brokers.
IIABNY’s hydrofracking task force will hold its first meeting on October 3, Kathleen Weinheimer, IIABNY’s senior vice president of industry relations and education, told Insurance Journal.
The committee will investigate and provide recommendations to the board of directors in at least two areas, Weinheimer said. The committee will offer recommendations on insurance coverage issues for both PL & CL to help agents and brokers provide proper coverage and advice to their customers, she said. The committee will also provide public policy recommendations to address insurance issues raised by the practice of hydrofracking.
“The task force may also provide any other guidance or information they deem appropriate to help the association and its members deal with hydrofracking in New York State,” she said. Weinheimer added, however, that the task force will not discuss the pros and cons of hydrofracking and is intended to focus on the insurance implications only.