The CADO News Page

Trenton, NJ - Continuing the Administration's commitment to assist New Jersey residents in swiftly resolving their Sandy-related insurance claims, Governor Chris Christie and New Jersey Department of Banking and Insurance (DOBI) Commissioner Ken Kobylowski announced the release of a Request for a Qualification (RFQ) to establish a new mediation process that gives consumers the option to settle disputed cases without resorting to costly and time consuming lawsuits. "This process is...

February 26, 2013

A storm system moved through Austin and San Antonio, Texas producing strong winds on the evening of February 25, 2012. These conditions resulted to damage to homes and other property.

Catastrophe adjusters have been deployed to the area to assist with claims and we will continue to monitor the situation closely.

"More than 270,000 claims have been paid by 24 insurers since Hurricane Sandy damaged and flooded Staten Island and other parts of New York City as well as Long Island and its suburbs last fall, New New York officials report."

"The average time from claims report to inspection ranged from three days for Arch Insurance Group, with 242 commercial claims, to 20 days for State Farm with 55,592 claims, noting its wide array of claims, complexity and damage severity."

(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 received by the state's Department of Financial Services have been "much...

U.S. Adjusting Gives Back by rewarding a deserving adjuster.

In preparing for the anticipated destruction from tropical-storm Sandy as it blew through Connecticut in late October, State Farm Insurance asked state regulators to approve more than 450 emergency licenses for claims adjusters it planned to bring in from out of state. State Farm was not the only insurer to bring in an army of adjusters to help with the high volume of claims in the aftermath of Sandy -- according to the state Department of Insurance, more than 6,000 emergency adjuster...

From the Boston.com article;

Last week’s snowstorm may be one for the record books in terms of snowfall, but probably not in storm damage, insurers said.

Insurance companies, which were bracing for a flood of damage claims this week, said so far they have seen only a trickle compared with what followed Hurricane Sandy in October, Hurricane Irene in the summer of 2011, and the unusually early snowstorm in October 2011.