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Insurance firms waive Conn. hurricane deductibles

HARTFORD, Conn. -- Connecticut officials have announced that several more insurance companies have agreed to waive higher-cost hurricane deductibles for coastal property owners whose homes were damaged by Tropical Storm Irene.

Gov. Dannel P. Malloy and Insurance Commissioner Thomas B. Leonardi announced Tuesday that Allstate, Bunker Hill, Connecticut FAIR Plan, Farm Family, Farmers Insurance, Fidelity National, Privilege Underwriters Reciprocal Exchange, Quincy Mutual Fire Insurance Co. and Universal North America have joined more than a dozen other companies to waive the deductibles.

Several companies initially pledged to waive the deductibles Friday.

Malloy praised the companies for giving customers what he says is a much-needed financial break.


 http://www.forbes.com/feeds/ap/2011/09/06/business-...