LIEB BLOG

Legal Analysts

Showing posts with label premium. Show all posts
Showing posts with label premium. Show all posts

Tuesday, December 13, 2022

No Penalty for Claiming Insurance on a Hate Crime under New Law

On December 12, 2022, Governor Hochul enacted A8869B, which protects hate crime victims from insurance rate spikes / cancellations by amending Insurance Law 3114. 


Now, policies must be issued, renewed without increase in premium, and can't be cancelled solely on the basis of claim(s) resulting from hate crimes.  


This law is effective immediately and applies to claims that occurred in the preceding 60 months.