NY Insurers Get Sandy-Inspired Playbook For Future Storms

Law360, New York (October 28, 2013, 1:38 PM ET) -- New York's insurance regulator said Monday it is making permanent rules for how insurers should handle property claims and other business in the aftermath of a severe storm, a move that saw officials borrow from the consumer-friendly steps they took after Hurricane Sandy struck a year ago Tuesday.

The rules allow for temporarily licensing new claims adjusters to help ensure an adequate supply, temporary holds on insurers canceling policies in storm-stricken areas for nonpayment of premiums, and the creation of a voluntary mediation process for homeowners...
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