Far-Ranging Consequences Of Superstorm Sandy Legislation
July 2, 2013, 11:44 AM EDT
Law360, New York (July 2, 2013, 11:44 AM EDT) -- The damage and dislocation caused by Superstorm Sandy have triggered the recent passage of numerous bills by the New York Legislature. One of the most controversial governmental responses is embodied in two similar bills — one passed by the state Assembly (A07455A) and one still pending in the Senate (S05581) — relating to the prohibition of anti-concurrent causation language contained in insurance policies.
The two bills, if adopted by both the Assembly and Senate, would prevent an insurer from denying an otherwise covered claim if a...