New Jersey Gov. Chris Christie has signed into law on Monday a bill that aims to help homeowners better understand their insurance policies. The legislation (A3642/S2502) requires homeowners’ insurers to give policyholders a one-page summary of the policy explaining “notable …
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 …
The sand dune that ruined Harvey and Phyllis Karan’s view of the ocean allowed their beachfront home to see another day when Superstorm Sandy’s surge crashed ashore. They still want the $375,000 a court awarded them for the blocked sunrise, …
New York Gov. Andrew Cuomo and the state’s Department of Financial Services announced the “bottom 10″ banks with the worst statistics for paying out insurance claims to Superstorm Sandy victims. Officials said they have notified these banks to speed up …
New York Gov. Andrew Cuomo’s administration says banks and mortgage service companies have released $112 million in insurance checks intended for victims of Superstorm Sandy, but delayed by bureaucracy. The New York Department of Financial Services had sought to free …
Nearly $208 million in insurance payments in 6,600 checks haven’t been released from banks to victims of Superstorm Sandy, according to New York Gov. Andrew Cuomo.He says his administration is working with banks to pay the money more quickly. The …
A national insurance association is applauding New Jersey Gov. Chris Christie’s decision to adopt new advisory flood maps issued last month by the Federal Emergency Management Agency and implement more stringent rebuilding guidelines for flood zones. “The Property Casualty Insurer …
Superstorm Sandy landed one final stunning blow to New Jersey on Thursday, Jan. 24, as the state adopted rebuilding guidelines that come with sticker shock. They will force homeowners in flood zones to spend tens of thousands of dollars to …
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 …
Superstorm Sandy, one of the nation’s costliest natural disasters, is giving new urgency to an age-old debate about whether areas repeatedly damaged by storms should be rebuilt, or whether it might be cheaper in the long run to buy out …
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