Editor's note: Robert Chesler, Steven Pudell and Beth Simon are attorneys in the Insurance Recovery Group at Anderson Kill. See below the story for their respective bios.
As the anniversary of Superstorm Sandy's Oct. 29, 2012 landfall passes, New Jersey lawmakers are rightly considering whether New Jersey law offers sufficient protection to insurance policyholders subject to undue delay, underpayment or unjustified denial of their insurance claims.
Sandy, the latest in a series of storms on the eastern seaboard that in recent years have resulted in catastrophic loss to property and business owners, was particularly devastating to shoreline communities. In New Jersey, with its long coastlines on the Hudson River and Atlantic Ocean, business losses alone were in the range of $30 billion, according to early estimates. New Jersey businesses made over 36,000 property damage claims, according to the New Jersey Department of Banking and Insurance.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
