Industry Reps Engage With States Over Denial of Hurricane Deductibles

Insurance companies and trade groups continue to appeal to state regulators over the decision made by nine jurisdictions to prevent insurers from imposing hurricane deductibles for losses suffered from Superstorm Sandy.

New York, Rhode Island, New Jersey, Delaware, Massachusetts, Connecticut, Pennsylvania, Maryland and the District of Columbia declared the hurricane deductibles invalid after the National Weather Service (NWS) reclassified Sandy as an “extra-tropical cyclone” before the storm made landfall in the Garden State on Oct. 29.