Homeowners insurance checks to be expedited by New York Banks

Homeowners flood Insurance hurricane sandy damage

Financial institutions within the state are making efforts to try to issue the payments more quickly. The New York Department of Financial Services has announced that five of the largest banks and mortgage service institutions within the state have assigned reps to help to make the homeowners insurance cash settlements more quickly throughout this week for the Sandy claims that have remained unpaid. There have been a number of different locations established in which those representatives can be contacted. The reps are available to homeowners insurance customers at various Disaster…

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Flood insurance program takes a scolding from New Jersey governor

new jersey flood insurance

He stated that claims to the federal program were being paid far too slowly to NJ residents. Governor Chris Christie has spoken out against the federal flood insurance program’s handling of the claims made by New Jersey residents following the Superstorm Sandy’s devastation of many of its areas at the end of October 2012. He said that the claims that were made to the federal program were not being paid in a reasonable time. Though the governor had previously criticized the rate at which the flood insurance payments were being…

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Flood insurance claims hitting speed bumps in New Jersey

Flood Insurance

FEMA data highlights delays in flood insurance claims The Federal Emergency Management Agency (FEMA) has begun releasing information concerning the rate at which flood insurance claims produced by Hurricane Sandy are being finalized. Since Hurricane Sandy struck the East Coast U.S. in late October 2012, flood insurance claims have been a problem for victims of the storm. The natural disaster caused widespread flooding that ruined many properties throughout the northeast, with much of the damage being localized in New Jersey. Selective Insurance highlighted by FEMA data According to FEMA, Selective…

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Winter Storm Nemo has mild impact on homeowners insurance

Snow Storm homeowners insurance

Homeowners insurance expected to fare well in wake of Nemo The northeastern U.S. has been suffering from a spate of natural disaster over the past few months. In October of last year, the East Coast was struck by Hurricane Sandy, which caused significant damage to homes and properties in New York and New Jersey. This month, a powerful blizzard swept across the northeast. Winter Storm Nemo, as it is called, buried much of the region in heavy snowfall, causing disruption of businesses in many states and causing further problems for…

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Homeowners insurance payments in New York finally get approval

New York homeowners insurance payments

Homeowners insurance continues to be a problem after Hurricane Sandy For the past several months, New York residents have been struggling to recover from the impact of Hurricane Sandy. Though the hurricane struck the state in late October 2012, the damage it has caused continues to linger due to the lack of funds needed for the recovery effort. Some victims of the powerful storm have seen their claims denied by their insurance companies, but the vast majority have experienced delays in their homeowners insurance payments; delays that have slowed recovery…

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