New York Grades Insurers on Sandy Claims After Complaints
This article is for subscribers only.
American International Group Inc. and Allstate Corp. are among insurers being evaluated by New York regulators for their response to superstorm Sandy, Governor Andrew M. Cuomo said.
Regulators led by Benjamin Lawksy, head of the New York Department of Financial Services, are publishing the number and size of claims that more than 20 insurers pay as well as the frequency of customer complaints, Cuomo said today in a statement. Cuomo reduced to six business days from 15 the amount of time insurers have to send adjusters to homes and businesses and permitted expedited licensing for out-of-state adjusters.