New York Regulators Urge Swift Claims Resolution, Approve Independent Adjusters From Other States
New York State officials, bracing for a rush of insurance claims after record-breaking rain submerged large parts of New York City, are urging insurance companies to expedite storm-related claims.
The message on Thursday from the New York State Department of Financial Services, which regulates insurance companies, came as the damage from flooding from the remnants of Hurricane Ida was still coming into focus.
‘In this emergency situation, DFS expects all insurers to do their part,’ the department said in a statement. It is ‘imperative’ that insurance companies come to a ‘speedy resolution of claims.’
The Department of Financial Services also said it would increase the number of people who could process claims by accelerating its process of approving independent insurance adjusters from outside the state to work in New York.