BROOKLYN, N.Y.–Residents living on the central and eastern part of Long Island can expect to pay the highest homeowners premiums due to hurricane risks based on past history, according to one modeler's map of the area.
“We are in a very, very challenging time and a tough marketplace,” said consultant John DeMartini, addressing the Professional Insurance Agents of New York's annual Metropolitan Regional Awareness Program here yesterday.
Mr. DeMartini, a senior vice president and catastrophe management practice leader of Towers Perrin Reinsurance in New York, spoke on the factors driving New York metropolitan area homeowners premiums.
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