hurricane deductible News

Louisiana Seeks to Clarify Named Storm/Hurricane Deductible Law

The Louisiana Department of Insurance has issued an advisory letter to property/casualty insurers operating in the state that seeks to clarify the interpretation and application of state law regarding policy deductibles in relation to named storms/hurricanes/subtropical storms. Advisory Letter No. …

A Refresher on the Named Storm Deductible

Hurricanes Harvey and Irma caused massive devastation to Texas and Florida and now frustration for policyholders, their attorneys and public adjusters due to the named storm deductible on some policies. This week Cozen O’Connor hosted a webinar to provide a …

Insurance the Next Storm for Ratepayers Post-Sandy

People looking to rebuild their lives after Superstorm Sandy destroyed and damaged their homes may now have another struggle on their hands: Navigating the often-frustrating claims process with their insurance companies. Sandy’s destructive path was much wider than last year’s …

Hurricane Deductibles Not Applicable to Sandy-Related Connecticut Claims

The Connecticut insurance department issued a notice alerting the insurance industry that companies may not impose a hurricane deductible on Connecticut claims related to superstorm Sandy. ‚ÄúPlease be advised based on information received from the National Hurricane Center and the …