Post Irene And Sandy: Use Of Hurricane Deductibles

Law360, New York (February 04, 2013, 11:57 AM ET) -- The severe weather events of the last two years have called into question the use of hurricane deductibles in the Northeast states. In both Hurricane Irene (August 2011) and Hurricane Sandy (October 2012), insurers were unable to apply policy hurricane deductibles for the reasons discussed below; however, the claims resulting from these storms will be adjusted with the application of the general policy deductible.

Hurricane-specific wind deductibles were generally developed in the last decade as a response by insurers to help spread the risk of catastrophic...
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