President Barack Obama and New Jersey Gov. Chris Christie promoted the Jersey Shore’s summer tourism economy Tuesday while praising the federal government’s role in the aftermath of Superstorm Sandy, reprising their beach-buddy routine in a display of mutual assistance with …
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 Jersey Department of Banking and Insurance Commissioner Ken Kobylowski said on May 1 that New Jersey residents with unresolved non-flood insurance claims related to Superstorm Sandy can have their cases mediated through the American Arbitration Association (AAA). Application forms …
It’s been six months since Superstorm Sandy made its landfall on the coast of New Jersey and became one of the costliest storms ever recorded in the U.S. Many businesses in the region are still recovering from the effects of …
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 …
The New York Department of Financial Services says five of the state’s largest banks and mortgage services will have representatives available this week to help homeowners cash insurance settlement checks from Superstorm Sandy. Lender representatives will be at Disaster Assistance …
International insurance and reinsurance companies are expected to cover half of total insured losses from Superstorm Sandy, an industry association said Thursday. Estimated losses from Superstorm Sandy currently stand at over $16 billion, as reported by publicly traded companies, according …
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 …
An insurance industry association testified about insurers’ response to Superstorm Sandy and the lessons learned at a hearing Tuesday before the New York Assembly Standing Committee on Insurance. The American Insurance Association said the insurance industry’s performance in handling a …
New Jersey Gov. Chris Christie announced Monday his administration’s plan to offer a mediation program option to Sandy victims who are in dispute with their insurers.New York Gov. Andrew Cuomo also unveiled a similar program that seeks to expedite the …
