Sandy claims News

Nearly 95% of N.Y. Sandy Claims Closed, Insurers’ Response Report Card Shows

New York State regulators’ latest Sandy response report card shows that almost 95 percent of Superstorm Sandy-related personal and business insurance claims in the state have now been closed. The report card, which is frequently updated, compiles data from 24 …

New Jersey Selects Administrator for Sandy Claims Mediation Program

Kenneth Kobylowski, commissioner for New Jersey’s Department of Banking and Insurance, announced on March 28 that his department has selected the American Arbitration Association to administer a mediation program for still-unresolved first party claims for Superstorm Sandy-related homeowners, auto and …

N.Y. Seeks to Finalize Still-Unresolved Sandy Claims; Insurers to File Weekly Reports

New York regulators said this week insurers would be required to follow additional rules to expedite the resolution of remaining Sandy-related claims in New York. These new regulations will now cut the amount of time an insurer can delay its …

N.Y. Insurers ‘Report Cards’ Show 70% of Sandy Claims Closed With Payment So Far

The New York regulators’ latest Sandy response report cards show 272,878 Sandy-related claims — representing 70 percent of some 389,801 Sandy claims filed in the state — have been closed with payment, as of Feb. 15. Additionally, some 68,247 claims, …

N.Y. Insurers’ Sandy Response ‘Report Card’ Shows 0.48% Claims Complaint Rate

The New York regulators’ latest “report cards” on the performance of insurers in the wake of Superstorm Sandy shows that 1,830 consumer complaints have been filed from 381,827 Sandy-related claims — at the rate of 0.48 percent. The information in …

N.J. Regulators Offer Tips on Managing Settlement Process Post-Sandy

New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski is offering advice to consumers in an effort to help explain the Sandy claims process. The regulator said that so far, more than 458,000 New Jersey homeowner’s, auto, business …