The New York State Assembly recently approved a bill (A04458) that would require insurers to expedite claims investigation and settlement processes after declared disasters and emergencies. Under the legislation, which passed the Assembly on June 17, insurers would be required …
Federal officials have agreed to consider a proposal calling for an end to the federal flood insurance model that allows private insurance carriers to write and service policies. Senator Charles E. Schumer, D-N.Y., citing alleged “widespread fraud” and “unjust denials” …
New York Gov. Andrew Cuomo announced Thursday that the Department of Financial Services is investigating the claims practices of three insurers following the aftermath of Superstorm Sandy. The three insurers are: Narragansett Bay Insurance Company, Tower Insurance Company and Kingstone …
