There are two huge issues that all New York condo insurers must grapple with. One is on the liability side; the other is on the property side.
“They’re the usual New York challenges,” said Robert G. Mackoul, vice president and chief underwriting officer at New Empire Group, Ltd. “On the liability side, we’re up against the New York Labor Law, and on the property side, there are a lot of water damage issues.”
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