March 24, 2013
A new poll finds most New Jersey voters surveyed believe the state should impose specific rules on property owners who are rebuilding after Superstorm Sandy.The Fairleigh Dickinson-PublicMind poll from March 19 found that 64 percent of respondents believe property owners …
March 22, 2013
The Pennsylvania Insurance Department is encouraging homeowners to consider buying flood insurance to help protect against potential spring floods. Winter ice and snow increases the chance of spring flooding, Pennsylvania regulators warned. Further, Pennsylvania is one of the most flood-prone …
March 20, 2013
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 …
March 13, 2013
A New York legislator proposed a new bill that would establish a private right of action for the insured for unfair insurance settlement practices when the claim relates to loss or injury in regions where the governor has declared a …
March 12, 2013
New Jersey’s top insurance regulator this week commended the actions of New Jersey community banks, national banks and servicers — including Wells Fargo Bank, JPMorgan Chase, Bank of America, and CitiMortgage. The regulator said these financial institutions continue to pursue …
March 11, 2013
It sounds like the premise for a new reality TV series: “Hurricane House” — people scouring waterside communities looking to buy homes damaged by Superstorm Sandy at a deep discount. While there are bargains out there, ranging from 10 percent …
March 7, 2013
New York Gov. Andrew Cuomo announced that the state’s financial regulators will review post-Sandy mortgage practices by banks and mortgage servicers. The review is intended to examine whether homeowners who were impacted by Superstorm Sandy and were allowed more time …
March 7, 2013
Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements, one for homeowners and another for commercial roofs, that are becoming available. The two organizations that standardize …
March 6, 2013
Superstorm Sandy punished low-income people in New York and New Jersey, especially renters who are now at risk of being unable to find new homes, according to a pair of studies released on Wednesday said. Forty-three percent of the 518,000 …
March 5, 2013
Jackie Beagon loved her life along the Connecticut coast, where she and her husband walked to the beach and church and bicycled around the neighborhood. But Superstorm Sandy ripped it all apart, and the couple was forced to sell their …