Property Insurance Deductibles

News & Analysis as of

New York Court Denies Insurer’s Motion for Summary Judgment Based upon Undefined Term “Occurrence” in Policy

In Rafer Rokeach v. Hanover Ins. Co., 2015 U.S. Dist. LEXIS 65801, *1-16 (S.D.N.Y. May 19, 2015), the U.S. District Court for the Southern District of New York examined the undefined term “occurrence” in the deductibles...more

New Jersey Court Holds $22 Million “Named Storm” Deductible Applicable to a Superstorm Sandy Loss

On October 29th, a New Jersey trial court held that a commercial policyholder’s Superstorm Sandy claims were subject to a $22 million “named storm” deductible equal to 2% of the total insurable values at risk at all of the...more

S.B. 112 – Proposed Property Insurance Reform Bill in Texas

A Texas State Senator has introduced legislation that would require residential property insurance carriers to include on the declarations page a dollar amount and explanation for every deductible. ...more

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