Filed Under:Markets, Personal Lines

Industry Rep Calls N.Y. Governor's Sandy Claims Rules 'Heavy Handed'

(Reuters) - New York Governor Andrew Cuomo on Thursday imposed emergency regulations on insurers to speed the processing of claims from hundreds of thousands of state residents whose properties were damaged or destroyed when Superstorm Sandy struck a month ago.

Among the measures Cuomo unveiled was a requirement reducing the time limit for insurance company claims adjusters to respond to a claim to six days from 15 days.

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