Insurance companies have placed a moratorium on writing coverage in certain areas. How long will it last?
It is not uncommon for insurance companies to institute a temporary moratorium on writings following a natural disaster. The length of a moratorium will depend on the facts and circumstances. Nevertheless, a moratorium that is unduly prolonged may be subject to investigation. The Department is monitoring and will take appropriate action as necessary, reporting relevant information on this Web site as it becomes available.
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- Insurance companies have placed a moratorium on writing coverage in certain areas. How long will it last?
