Sandy insurance loss News

Industry Group Testifies on Sandy Claims Handling Process in New York

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 …

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, …