Big I NY Comments Support Proposed Hurricane Deductible Trigger Rule
Abstract: Big I New York issued comments in support of the hurricane deductible draft rule Body: New York State is one step closer to a more uniform hurricane deductible trigger as the proposed rulemaking comment period for the new law ended this week. Big I New York issued comments in support of the draft rule, noting that it strikes a balance between establishing a more uniform hurricane deductible trigger while allowing consumers the choice to secure a policy that suits their risk tolerance. During early conversations with the Department of Financial Services (DFS), we emphasized the importance of prioritizing clarity, choice, and competition throughout the rulemaking…