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New York

hrmjustin

(71,265 posts) Fri May 30, 2014, 01:24 PM May 2014

Insurer to pay post-Sandy penalty over inspections

ALBANY, N.Y. (AP) — New York regulators have resolved one investigation into handling of damage claims after Superstorm Sandy, with Narragansett Bay Insurance Co. agreeing to pay $327,400.

The consent order signed by the Department of Financial Services and Narragansett says the company received more than 10,000 claims from policy holders in the greater New York City area after the October 2012 hurricane and "in numerous instances" didn't have adjusters inspect damage within required times.

http://www.fltimes.com/news/state/article_7a42fc9b-95b2-5ece-85f2-e4a644d4b6cd.html?mode=jqm