News

Sketch My Roof

New York State gets tough on Sandy insurers

Roy
/ Categories: News, Storms, DOI, Insurers

New York State has told its financial watchdog to investigate three insurance companies ...

(Reuters) - New York State has told its financial watchdog to investigate three insurance companies for dragging their heels when it comes to processing claims for damage caused by Superstorm Sandy that slammed the region last October.

New York State Governor Andrew Cuomo said in a statement that consumer complaints against Narragansett Bay Insurance Company, Tower Insurance Company and Kingstone Insurance Company

...

The insurance companies are being investigated for not sending adjusters or processing claims quickly enough, and not making their representatives available to homeowners, the statement said.

The storm caused around $40 billion of damage in New York State. Loss of property tax revenues, emergency funds, and hefty repair bills have put an additional strain on the stretched municipal finances throughout the state, despite aid from the federal government.

Click here to read more of this Reuters article on Reuters.com.

Comment

warning
You don't have permission to post comments.

Latest News

  • All
  • News
  • Storms
  • DOI
  • Insurers
  • Vendors
  • Hurricanes
  • Earthquakes
  • International
  • Man Made
  • Flood
  • Catastrophes
  • Wind Pool
  • Insurance Law
  • Licensing
  • Citizens - Florida
  • FEMA
  • Work
  • Software
More

    Up Coming Events

    «March 2024»
    MonTueWedThuFriSatSun
    26272829123
    45678910
    11121314151617
    18192021222324
    252627
    NFIP Claims Adjuster Presentation Webinar – March 27, 2024

    NFIP Claims Adjuster Presentation Webinar – March 27, 2024

     

    Webinar Opens:  8:30 AM Central Time
    Start Time:  9:00 AM Central Time
    Lunch Break:  30 Minutes
    End Time:  3:30 PM Central Time

     - ​Register

    Please register for one presentation only.*

    Read more
    28293031
    12
    NFIP Claims Adjuster Presentation Webinar – April 2, 2024

    NFIP Claims Adjuster Presentation Webinar – April 2, 2024

     

    Webinar Opens:  8:30 AM Central Time
    Start Time:  9:00 AM Central Time
    Lunch Break:  30 Minutes
    End Time:  3:30 PM Central Time

     - ​Register

    Please register for one presentation only.*

    Read more
    34
    NFIP Claims Adjuster Presentation Webinar – April 4, 2024

    NFIP Claims Adjuster Presentation Webinar – April 4, 2024

     

    Webinar Opens:  8:30 AM Central Time
    Start Time:  9:00 AM Central Time
    Lunch Break:  30 Minutes
    End Time:  3:30 PM Central Time

    - ​Register

    Please register for one presentation only.*

    Read more
    567

    Click here to add an Event

    Archive