More Industry Reps Express Concerns to States About Hurricane Deductibles

Damage to a home in Staten Island, N.Y. after Superstorm Sandy (Credit: Mark Ruquet, PC360)
Damage to a home in Staten Island, N.Y. after Superstorm Sandy (Credit: Mark Ruquet, PC360)

Insurance companies and their trade groups are continuing to talk to state regulators about the decision of several jurisdictions to tell insurers they cannot impose hurricane deductibles for losses suffered from Superstorm Sandy.

Jurisdictions that have declared the hurricane deductibles not valid are Delaware, New York, Rhode Island, New Jersey, Connecticut, Pennsylvania Maryland, and the District of Columbia.

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