In an effort to resolve outstanding non-flood-related insurance claims from Superstorm Sandy, New Yorks governor has established a mediation program and established new rules to speed the insurance-claims process.
The New York Department of Financial Services says the actions of three insurers following Superstorm Sandy are totally unacceptable, and warrant an investigation.
The New York Department of Financial Services says the actions of three insurers following Superstorm Sandy are totally unacceptable, and warrant an investigation.
New York, New Jersey and Connecticut officials have all made clear that Sandy, at the time of landfall, was a post-tropical cyclone, and therefore insurers will not be permitted to apply hurricane deductibles.
New York, New Jersey and Connecticut officials have all made clear that Sandy, at the time of landfall, was a post-tropical cyclone, and therefore insurers will not be permitted to apply hurricane deductibles.
New York States Department of Insurance has filed its rehabilitation plan for Financial Guaranty Insurance Company, outlining how payments will be made in cash to claimants as available funds allow.
New York States Department of Insurance has filed its rehabilitation plan for Financial Guaranty Insurance Company, outlining how payments will be made in cash to claimants as available funds allow.
New York has ordered a cut in workers compensation insurance rates by 1.2 percent despite an original recommendation from an independent advisory board for an increase.