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The Insider spoke with Jonathan Steward, vice president/producer, O&S Insurance Brokerage Group, to discuss why there are more and more exclusions in contractors’ insurance policies—and how to guard against them.
Insider: New York State’s one-of-a-kind Scaffold Law states that if a worker is injured in a fall caused by gravity, the owner of the building is automatically at fault. Is that what’s driving these exclusions and changes in the insurance policies?
Mayor Eric Adams recently announced the team who will lead his administration’s low-income housing strategy. Jessica Katz will lead the team as the city’s chief housing officer. Adolfo Carrión Jr. will serve as commissioner of the Department of Housing Preservation and Development (HPD). Eric Enderlin will continue serving as the president of the Housing Development Corporation (HDC).
During the announcement, the mayor reiterated his support for several measures that will help the city build housing and reduce costs, including:
A landlord has been banned from New York real estate after violating an agreement with the state attorney general’s office to end illegal business practices and tenant harassment. The New York Supreme Court issued an order barring the landlord, Raphael Toledano, from engaging in any New York real estate business activity for at least five years, at which point he can petition the court for reentrance.
Governor Kathy Hochul, with Division of the Budget Director Robert F. Mujica Jr., recently outlined her Fiscal Year (FY) 2023 Executive Budget. "We have the means to immediately respond to the COVID-19 pandemic as well as embrace this once-in-a-generation opportunity for the future with a historic level of funding that is both socially responsible and fiscally prudent," Governor Hochul said.
When Bill de Blasio campaigned to be mayor eight years ago, he pledged to fix New York City's property tax system. In May 2018, Mayor de Blasio and Council Speaker Corey Johnson convened the New York City Advisory Commission on Property Tax Reform to recommend reforms to the system to make property taxes more fair, straightforward, and transparent.
Ultimately, the former mayor fell short of his goal to reform the property tax system. With two days left before the end of his second term on Dec. 31, the commission released its final recommendations.
A new state law that will boost rental subsidies to thousands of struggling New York City families living in shelters or at risk of eviction has been signed into law, taking effect immediately. With the bill's signing, Governor Hochul announced $100 million is available for counties to help homeless individuals and families leave the shelter system for a permanent home by providing rental assistance. The funds may also help very low-income New Yorkers pay their rent and increase their housing security.
The Department of Housing Preservation and Development (HPD) recently announced a major settlement agreement with a Brooklyn-based landlord who has topped the NYC Public Advocate’s Worst Landlord Watchlist two years in a row.
On Nov. 15, the City Planning Commission voted to approve the Permanent Open Restaurants Program zoning text amendment in a special public hearing. The vote was 10-0 with one recusal.
The proposed Permanent Open Restaurants program will transfer the control of sidewalk cafes to the Department of Transportation from the Department of Consumer and Worker Protection and aims to create a more streamlined approval process for sidewalk cafes.
Queens District Attorney Melinda Katz recently announced that a couple from Jamaica, Queens, have been charged with grand larceny in the third degree, criminal possession of stolen property in the third degree, falsifying business records in the first degree, and offering a false instrument for filing in the first degree.
Owners of buildings over 25,000 square feet – or multiple buildings on a lot that total 100,000 square feet or more – that appear on the NYC Benchmarking Covered Building List for Compliance in 2021 must post the Building Energy Efficiency Rating Label that includes the building’s 2020 energy efficiency grade by Oct. 31. This is required by Local Law 33 of 2018 as amended by Local Law 95 of 2019.
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