Tag Archives: Directors and Officers insurance
New York Investigating Insurers for Hurricane Sandy Claims
New York Investigating Insurers for Hurricane Sandy Claims
According to PropertyCasualty360, the New York Department of Financial Services is investigating the actions of three insurers following Superstorm Sandy.
The insurers are facing claims of an alleged failure to send, or timely send and adjuster to investigate claims. Others say claims were denied over the phone and never investigated in person. New York law requires insurers inspect damaged property within 15 business days of a filed claim. That timeline was shortened on Nov. 29 to six business..