New York insurance regulators still contending with FEMA over insurance claims generated by Hurricane Irene and Tropical Storm Lee

In the wake of Hurricane Irene and Tropical Storm Lee, New York insurance regulators have been inundated with consumer complaints regarding claims. State regulators have been aggressively pressuring insurers and FEMA to resolve complaints and pay out claims, but their actions have run afoul of federal regulators who claim that the state is over stepping its boundaries. In October, FEMA issued a statement regarding the New York Department of Financial Services, decrying the department’s efforts in obtaining information from insurance companies. State regulators, in response, have only continued to work…

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