Filed Under:Carrier Innovations, Regulation/Legislation

New York Issues New Rules to Speed Sandy-Claims Process

In an effort to resolve outstanding non-flood-related insurance claims from Superstorm Sandy, New York’s governor has established a mediation program and established new rules to speed the insurance-claims process.

Gov. Andrew M. Cuomo said yesterday that the Department of Financial Services created a voluntary mediation process for homeowners who are disputing their insurance claims or are dissatisfied with the denial of a claim. Cuomo called it a speedy and low-cost resolution for contested homeowners claims and “a win for everybody.”

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