Tag: sandy insurance payments

Homeowners insurance checks to be expedited by New York Banks

G. Turner
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…

Read More

Homeowners insurance payments in New York finally get approval

Marc
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…

Read More

Insurance news from Zurich shows a massive $700 million superstorm bill

H. Cutner
Insurance news losses

The European insurer has released the figures relating to its claims from Sandy. Zurich has just released its latest insurance news by becoming the most recent insurer to have connected its figures to the damage caused by Hurricane Sandy, reporting that it is expecting that its net claims will reach approximately $700 million. These predictions are following closely on the heels of the figures release made by AIG. The numbers that were issued by AIG had forecasted that the storm would have generated post-tax net losses of approximately $1.3 billion.…

Read More