New York Property Insurance Underwriting Association began its full-time operation on
October 28, 1968. The widespread riots of the previous year that had caused property
damage brought attention to the fact that some owners of inner city properties had trouble
purchasing fire insurance.
Representatives of the insurance business met with Washington officials to look for a way
to provide adequate insurance protection in a climate dominated by civil unrest. They
created a program in which the private companies would provide fire insurance to any
insurable risk regardless of location. If this proved too demanding for the private
sector, then--with the approval of the state legislatures--joint underwriting associations
were to be formed to provide coverage.
Today such associations operate in 29 states, the District of Columbia and Puerto Rico.
The New York Property Insurance Underwriting Association is among the largest. Moreover,
in New York State virtually all properties can look to the Association for insurance
coverage. In many other state pools coverage is restricted to certain risks in certain
Begun as part of the former New York Fire Insurance Rating Organization, the Association
was reformed in 1970 as a free-standing unit, headed by its own executive staff, housed in
its own offices and serviced by its own personnel.
When first established, New York Property offered only the very basic property
insurance--fire and extended coverage. As the Association matured, it instituted new
programs to meet changing needs.
- Shortly after the Association became an independent unit its method of handling policies
and claims was changed to allow the Association to operate as a syndicate and issue
policies directly. Originally "service companies" had performed this role.
- In addition to basic fire and extended coverage, the Association has introduced
vandalism and malicious mischief insurance, sprinkler leakage insurance, and time element
coverages such as loss of rental value, loss of business income, and additional living
- Besides company representatives, the Association's board has three insurance producers
appointed by the Superintendent of Insurance to represent the public.
These developments highlight an on-going effort to manage, in the public interest, a
comparatively new multi-million dollar public entity.
- The Association has conducted open forums with its board of directors in different
cities throughout the state to promote a two-way flow of information between the
Association and its insureds.
- Arson awareness programs are sponsored by the Association and there is an on-going
effort on the part of the Association to thwart arson for profit.
- The Association has successfully promoted a juvenile fire safety program featuring a
Teacher's Guide and video entitled, "Don't Play Games with Fanny Flame."
- Four decades of experience enable the New York Property Insurance Underwriting
Association to provide for a need in the community.
- Our office is
located at 100 William Street in downtown Manhattan. You can call us with
questions at (212)
208-9700 from New York City, Nassau County and southern Westchester County. If you are
calling from anywhere else in the state, you may use the toll-free number (800) 522-3372.