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Insurance Companies Barred From Canceling, Raising Rates On Hate Crime Victims Under New NY Law Insurance Companies Barred From Canceling, Raising Rates On Hate Crime Victims Under New NY Law
Insurance Companies Barred From Canceling, Raising Rates On Hate Crime Victims Under New NY Law Victims of hate crimes no longer have to fear retaliation from their insurance companies under a new law in New York. On Monday, Dec. 12, Gov. Kathy Hochul signed legislation that prohibits insurers in the state from canceling policies or raising premiums on the basis that a claim was filed for a loss resulting from a hate crime. The law also bars insurance companies from refusing to issue a policy or refusing to renew a policy solely on that same basis, Hochul’s office said. It applies to claims that are made against policies during the preceding five years where the individual has provi…

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by Michael Mashburn