Post-Sandy Insurance Bills Win NY Assembly's Blessing

Law360, New York (June 5, 2013, 5:56 PM EDT) -- The New York Assembly on Tuesday resoundingly passed a slew of insurance bills inspired by Superstorm Sandy, including legislation that would ban anti-concurrent clauses and create a new avenue for policyholders impacted by disasters to win punitive damages.

Lawmakers in the Assembly voted 119-24 to pass A. 7455, a bill that would outlaw anti-concurrent clauses, which can nix coverage when a loss has several causes, and one cause is covered by a policy and another cause is excluded.

Some insurers have used anti-concurrent policy language to...
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