Sandy News

N.J. Consumers to Receive 1-Page Summary of Their Homeowners Coverage

The New Jersey Department of Banking and Insurance announced that starting in June, New Jersey consumers buying or renewing homeowners, condominium, renters, mobile home, or dwelling fire insurance policies will receive a one-page summary of their policy that clearly explains …

Connecticut’s Interest in Berms, Dunes Grows After Sandy

Devastating flooding from Superstorm Sandy has sparked growing interest in building berms and sand dunes for protection along the Connecticut coast, a swath of land with some of the nation’s priciest real estate where officials say obstacles include concerns about …

N.J. Gov. Christie Signs Order to Quicken Dune Construction at Beaches

New Jersey Governor Chris Christie signed an executive order to speed the construction of sand dunes to protect its coast from storms over the objections of beachfront homeowners worried about losing their ocean views. The order, which took effect Wednesday, …

New Jersey Court Rules Against Homeowners in Dune Dispute

A New Jersey town can present evidence of the benefits of building dunes as storm barriers when homeowners with beachfront properties seek compensation for losing their ocean views, the state’s highest court ruled. The Borough of Harvey Cedars on Long …

N.J. Law Requires Insurers to Provide 1-Page Summary of Homeowners Coverage

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 …

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 …

Dunes vs. Property Rights in Storm-Battered New Jersey

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, …

N.Y. Regulators Identify 10 Banks With Worst Sandy Aid Statistics

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 …

N.Y. Gov. Cuomo: Banks Release $112M to Sandy Victims

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 …

Banks Sitting on $208M in Insurance Checks for N.Y. Sandy Victims

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 …