Insurance Journal » hurricane deductibles http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Wed, 29 Jul 2015 16:09:11 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 New Mississippi Law to Set Uniform Rules for Hurricane Deductibles http://www.insurancejournal.com/news/southeast/2014/03/24/324171.htm Mon, 24 Mar 2014 14:40:40 +0000 http://www.insurancejournal.com/?p=324171 Mississippians will see uniform rules about when hurricane deductibles apply to their homeowners insurance under a law Gov. Phil Bryant signed last week. House Bill 756, sponsored by Biloxi Republican Scott DeLano, requires Insurance Commissioner Mike Chaney to rule that …

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N.Y. Lawmakers Introduce Bill to Cap Hurricane Deductibles at $1,500 http://www.insurancejournal.com/news/east/2013/01/10/277040.htm Thu, 10 Jan 2013 17:58:44 +0000 http://www.insurancejournal.com/?p=277040 New York legislators have introduced a bill this week that seeks to cap the percentage-based hurricane deductibles for homeowners’ insurance or dwelling fire personal lines policy in New York State at $1,500.The bill also seeks to establish that such hurricane …

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A Look at New Insurance Laws Taking Effect in 2013 http://www.insurancejournal.com/news/national/2012/12/19/274721.htm Wed, 19 Dec 2012 21:02:18 +0000 http://www.insurancejournal.com/?p=274721 With 2013 just around the corner, a number of states are preparing to implement new insurance-related laws. Insurance Journal highlights some of the changes that will take place around the country. ALABAMA Beginning January, Alabama will begin implementing a new …

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Wind Deductibles and Sandy: What It Means for Total Insured Losses http://www.insurancejournal.com/news/national/2012/11/28/271738.htm Wed, 28 Nov 2012 16:00:46 +0000 http://www.insurancejournal.com/?p=271738 On October 29, 2012, when Hurricane Sandy made landfall along the northeast coast—a year to the day since the last northeastern superstorm and fourteen months since Hurricane Irene — the wind speeds recorded by the National Weather Service indicated the …

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Allstate Poised to Benefit From Reduced Exposure Along East Coast http://www.insurancejournal.com/news/east/2012/11/05/269319.htm Mon, 05 Nov 2012 11:32:21 +0000 http://www.insurancejournal.com/?p=269319 Allstate Corp.’s chief executive said the company’s effort during the past five years to reduce exposures along the East Coast is helping to lower Sandy-related losses. “It’s still too early to tell on either the volume, the mix or the …

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Controversy Over Hurricane Deductibles May Just Be Beginning http://www.insurancejournal.com/news/national/2012/11/02/269033.htm Fri, 02 Nov 2012 12:30:01 +0000 http://www.insurancejournal.com/?p=269033 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 …

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Connecticut Updates Underwriting Guidelines for Hurricane Deductible http://www.insurancejournal.com/news/east/2011/12/12/226953.htm Mon, 12 Dec 2011 17:56:00 +0000 http://www.insurancejournal.com/?p=226953 Connecticut insurance department announced that it has updated its coastal underwriting guidelines to clarify when hurricane deductibles can be applied. The hurricane deductible issue has been in the spotlight in wake of Tropical Storm Irene. Some policyholders in Connecticut saw …

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Irene Raises Hurricane Deductible Questions in Hard-Hit Northeast States http://www.insurancejournal.com/news/east/2011/09/07/213798.htm Wed, 07 Sep 2011 11:00:00 +0000 http://www.insurancejournal.com/?p=213798 New York and New Jersey regulators said recently that hurricane deductibles should not apply on homeowners’ insurance policies for Irene damages in their states. That’s because Irene was downgraded and designated as a tropical storm, not a hurricane, when it …

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