Economic Impact Study
NY First Economic Impact Study
In February 2012 NY First engaged Goss & Associates Economic Solutions to conduct a customized study to estimate the impact of New York's property-casualty insurance industry on the state of New York. This subsequent analysis, published in 2015, estimates the economic impact for 2014-18. The study estimates overall impacts and also calculates the impacts across 20 industries, 93 counties, 63 Senatorial districts, 150 Assembly districts and the 10 economic development regions in the state. Using input-output multipliers, the study provides sales, earnings and job impacts in addition to estimating the impact of the industry on yearly state and local tax collections.