After Sandy 'Price Gouging,' NJ May Limit Adjusters' Fees

Law360, New York (November 27, 2012, 6:24 PM EST) -- Responding to complaints that public adjusters were "price gouging" Hurricane Sandy victims, a top New Jersey Democratic lawmaker said Tuesday he would introduce a bill that would cap the amount that public adjusters can charge for appraising insurance claims from catastrophic events.

New Jersey Assembly Speaker pro tempore Jerry Green said homeowners impacted by Sandy reported they were being charged as much as 40 to 50 percent of what they recovered from insurers.

"This is a crime. A loan shark doesn't even charge that much," Green...
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