Schumer challenges insurance firms for trying to downgrade storm
Senator Charles Schumer is warning insurance companies not to try and skirt their obligations to policyholders.
Already, reports indicate that these companies are pushing to have the storm reclassified as a hurricane, rather than a “post tropical cyclone,” as declared by the National Weather Service, according to Schumer.
“This move, if successful, will increase deductibles for homeown- ers by tens of thousands of dollars,” Schumer said, adding that homeowners across the New York region have paid thousands of dollars in premiums and they should be receiving worldclass service from the companies in this time of crisis.