Connecticut governor formally requests insurer waive hurricane deductible
With many residents still recovering from Hurricane Irene, Connecticut Senator Richard Blumenthal is calling on State Farm, one of the state's leading homeowners insurance providers, to drop its hurricane deductible for victims.
While Blumenthal had asked the insurance company to remove its hurricane deductible in the past, this was the first time he made a formal announcement, which included an open letter written to State Farm CEO Edward Rush.
"Your company has decided - despite requests from me, insureds, and the Connecticut Insurance Commissioner - to keep the hurricane deductible in place even though the storm was downgraded to a tropical storm before reaching Connecticut," wrote Blumenthal.
He added that the tough economic situation has made it even more difficult for those trying to rebuild.
According to the governor's office, State Farm is the largest home insurance company in Connecticut not to waive the deductible, and has kept it in place because the storm was downgraded to a tropical storm less than 24 hours before hitting Connecticut. Sixty-four other insurers in the Constitution State have waived the deductible.
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