NY Urged To Make Hurricane Deductible Triggers Uniform

Law360, New York (July 20, 2012, 6:19 PM EDT) -- A trade group for insurance agents and brokers called on New York state lawmakers Friday to quickly pass legislation that would standardize triggers for hurricane deductibles in homeowners' policies, arguing that the status quo allows for vast inconsistencies and creates uncertainty for policyholders.

A day after New York Gov. Andrew Cuomo told homeowners to review their insurance coverage for windstorms and to understand how hurricane deductibles work, the Professional Insurance Agents of New York State Inc. urged the state Legislature to greenlight Assembly Bill 3283A, which...
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