Posted: 9/24/2010

New York Department Proposes Catastrophe Pool, Limitations On Wind Deductibles, Withdrawals

The New York Insurance Department this week issued a set of problematic proposals affecting property insurers, including the creation of a state catastrophe pool and limitations on insurers’ ability to apply wind deductibles and/or cede business in certain geographic areas.

New York Department Proposes Catastrophe Pool, Limitations On Wind Deductibles, Withdrawals

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