Sandy insurance claims News

XL, Fisker Reach Settlement Over Sandy-Damaged Cars at N.J. Port

XL Insurance America Inc. and Fisker Automotive Inc. reached an agreement last week over an insurance dispute involving hundreds of hybrid cars at a New Jersey port that got wrecked by Superstorm Sandy. “Fisker Automotive and XL Insurance America were …

N.Y. Insurers ‘Report Cards’ Show 70% of Sandy Claims Closed With Payment So Far

The New York regulators’ latest Sandy response report cards show 272,878 Sandy-related claims — representing 70 percent of some 389,801 Sandy claims filed in the state — have been closed with payment, as of Feb. 15. Additionally, some 68,247 claims, …

N.J. Bill Would Require Homeowners Insurers to Provide Policy Summary

The New Jersey Assembly’s financial institutions and insurance committee gave approval Monday, Jan. 14, to a recently introduced bill that seeks to make it easier for homeowners to understand what their policy covers and does not cover. The bill, A3642, …