Search Begins for Operator of City-Backed Insurance With $100M in Public Funds – THE CITY

THE CITY

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Summary

The Mamdani administration on Wednesday took a step to make its city-backed insurance program for rent-stabilized buildings a reality.

The city-backed program is an attempt to drive down the cost of property and liability insurance, which has skyrocketed over the past few years.

The city is hoping…

Source: THE CITY

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