anti-concurrent causation clause News

N.Y. Assembly’s Anti-Concurrent Causation Bill Moves Forward

The New York State Assembly’s insurance committee on Thursday approved a bill that would prohibit the insurers’ use of anti-concurrent causation (ACC) clauses in the state. The bill, A07455, is now eligible to be voted on by the entire Assembly. …

N.Y. Assemblyman Takes Aim at Anti-Concurrent Causation Clauses

A New York State Assemblyman has introduced a bill that seeks to prohibit the insurers’ use of anti-concurrent causation (ACC) clauses in the state. The bill, A07455, was introduced on May 17 by Assemblyman Phil Goldfeder (D-Rockaway Park). “In the …

New Law in Maryland Will Require Insurers to Explain ACC Clause to Homeowners

Maryland has enacted a new law requiring insurers that write homeowners policies in the state with anti-concurrent causation clauses to explain these clauses to their policyholders on an annual basis. Maryland Gov. Martin O’Malley signed into law H.B. 695 (“Homeowner’s …

Group Warns ACC Clauses Might Apply in Devastating Breezy Point Fire

When Superstorm Sandy battered the East Coast with high winds and a massive storm surge, 111 homes in the Queens, New York, neighborhood of Breezy Point were destroyed by a fast-spreading fire. This week, the Consumer Federation of America (CFA), …

Controversy Over Hurricane Deductibles May Just Be Beginning

When the National Hurricane Center declared Sandy a “post-tropical storm” just before it made landfall, a lot of homeowners across New Jersey, New York, Connecticut and Maryland may have saved a lot of money. The governors of these states have …