New York 2025 Session Status: Introduced

S8583 — Requires property/casualty insurance companies to submit certain data to the department of financial services and authorizes premium discounts to policyholders who demonstrate certain mitigation actions

Last action — In Assembly Committee

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced November 17, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill requires insurance companies to submit data and allows premium discounts for policyholders taking mitigation actions.

This bill mandates property and casualty insurance companies to provide specific data to regulators about their policies and claims. It also allows for premium discounts for homeowners who undertake certain actions to mitigate risk from disasters.

What this means for you
  • Consumers: Homeowners may benefit from premium discounts if they take steps to reduce risk.
  • Small Business: This bill could impact small business owners by affecting property insurance costs based on mitigation actions.

Summary

Requires property/casualty insurance companies to submit certain zip code-level data to the department of financial services on nonrenewal rates, nonpayment cancellation rates, other cancellation rates, claim frequency rates, average claim amounts, paid loss ratios, and average premiums; requires property/casualty insurance companies that use a natural disaster risk model or scoring method to assign risk, information about such model or scoring method; authorizes a premium discount to policyholders of homeowners insurance or property/casualty insurance applicable to residential real property who demonstrate certain mitigation actions; requires insurers to post about such discounts on their public websites; relates to the timing of cancellation and nonrenewal notices for certain insurance policies; relates to increasing membership of the board governing the New York property insurance underwriting association; requires a quadrennial report on the activities of such association; increases such board membership to 23 including 6 directors appointed by the legislature and 4 directors appointed by the governor.

Bill Text

Action History

  1. REFERRED TO INSURANCE

  2. DELIVERED TO ASSEMBLY

  3. PASSED SENATE

  4. ORDERED TO THIRD READING CAL.1637

  5. COMMITTEE DISCHARGED AND COMMITTED TO RULES

  6. PRINT NUMBER 8583C

  7. AMEND (T) AND RECOMMIT TO INSURANCE

  8. PRINT NUMBER 8583B

  9. AMEND (T) AND RECOMMIT TO INSURANCE

  10. REFERRED TO INSURANCE

  11. PRINT NUMBER 8583A

  12. AMEND AND RECOMMIT TO RULES

  13. REFERRED TO RULES

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 218 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (218)

218 members have not signed on to this bill.

Show all 218 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S8583 do?
Requires property/casualty insurance companies to submit certain zip code-level data to the department of financial services on nonrenewal rates, nonpayment cancellation rates, other cancellation rates, claim frequency rates, average claim amounts, paid loss ratios, and average premiums; requires property/casualty insurance companies that use a natural disaster risk model or scoring method to assign risk, information about such model or scoring method; authorizes a premium discount to policyholders of homeowners insurance or property/casualty insurance applicable to residential real property who demonstrate certain mitigation actions; requires insurers to post about such discounts on their public websites; relates to the timing of cancellation and nonrenewal notices for certain insurance policies; relates to increasing membership of the board governing the New York property insurance underwriting association; requires a quadrennial report on the activities of such association; increases such board membership to 23 including 6 directors appointed by the legislature and 4 directors appointed by the governor.
Who sponsors S8583?
S8583 is sponsored by Brian Kavanagh.
What is the current status of S8583?
This bill has been introduced in the Senate. Introduced November 17, 2025. It must pass committee before a floor vote.
Where can I track S8583?
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