New York’s Department of Financial Services is encouraging residential property insurers to develop courses for policyholders on how to protect their properties during natural disasters.
Under a new program in New York, residential property owners and renters can qualify for discounts if they complete instructional materials developed by property and casualty insurers. The DFS must approve the insurers’ instructional courses in advance, under a law established in 2016 by Gov. Andrew Cuomo and the state legislature.
