Issues: Insurance

SENATE BANKS COMMITTEE SEEKS ANSWERS ON UNSPENT SUPERSTORM SANDY FUNDS

Thursday, February 28

1:00 PM Senator Joseph Griffo, Chairman of the Senate Standing Committee on Banks, Hosts Public Hearing regarding Insurance Proceeds Disbursement

To inform and educate consumers on what they can do to expedite the release of any remaining insurance funds from Superstorm Sandy that are being held by banks and mortgage servicers.

March 1, 2013
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Department Of Financial Services Program For Banks To Meet One-On-One With Homeowners Seeking Sandy Insurance Settlement Money

Five of New York’s largest banks and mortgage servicers will have representatives available to offer one-on-one help to homeowners seeking the release of Superstorm Sandy insurance settlement funds at the Department of Financial Services’ Disaster Assistance Centers from Monday, March 4 through Saturday, March 9.The program is designed to help homeowners complete steps needed to have their banks endorse their insurance settlement checks, which are often written jointly to homeowners and their banks or servicers. Bank representatives will also be able to help people who are struggling to make their mortgage payments.

March 1, 2013
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SENATOR FUSCHILLO ANNOUNCES NEW PROGRAM TO HELP HOMEOWNERS SEEKING RELEASE OF SUPERSTORM SANDY INSURANCE SETTLEMENT MONEY

Bank Representatives Will Be Available March 4th through March 9th to Meet One-on-One With Homeowners to Help Expedite Release of Insurance Settlement Funds 

February 28, 2013
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Committee Meeting: Insurance Meeting

Senate Standing Committee on Insurance Senator James L. Seward, Chair 12:30 PM, Monday, March 4, 2013 Room 124 CAP

March 4, 12:30 PM - 12:34 PM
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Insurance Assistance Program- Massapequa Park

Senator Charles J. Fuschillo, Jr.

March 6, 10:00 AM - 6:00 PM
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Department of Financial Services to Speek Resolution of Insurance Claims in Areas Affected by SANDY

The NYS Department of Financial Services (DFS) is setting new rules to speed the processing of insurance claims in areas affected by Storm Sandy. The new regulation reduces the amount of time an insurer can delay its decision on a claim, and requires insurers to report to the Department on how many claims it is delaying and the reasons for the delays.

February 27, 2013
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SENATOR FUSCHILLO ANNOUNCES FANNIE MAE AND FREDDIE MAC AGREE TO NEW RULES TO ACCELERATE RELEASE OF INSURANCE FUNDS TO HOMEOWNERS AFFECTED BY SANDY

     Senator Charles J. Fuschillo, Jr. (R-Merrick) announced that Fannie Mae and Freddie Mac have agreed to new rules to accelerate the release of insurance proceeds to homeowners affected by Superstorm Sandy.  Fannie Mae and Freddie Mac have reduced restrictions on how banks and mortgage services may release insurance money to homeowners.   

February 26, 2013
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SENATOR FUSCHILLO: DFS MEDIATION PROGRAM AVAILABLE TO HELP RESOLVE DISPUTED OR DENIED INSURANCE CLAIMS RELATED TO SUPERSTORM SANDY

            Senator Charles J. Fuschillo, Jr. (R-Merrick) is informing residents that the New York State Department of Financial Services (DFS) has established a voluntary mediation process for homeowners disputing their insurance claims or dissatisfied with denials of their claims arising from Storm Sandy. 

February 25, 2013
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SENATE REPUBLICANS CALL FOR IMMEDIATE AUDIT OF STATE’S MEDICAID PROGRAM, ANNOUNCE SENATE ROUNDTABLE TO INVESTIGATE ALLEGATIONS OF “COMPLACENT” OMIG

Call to Action Comes in the Wake of Congressional Report on Alleged Waste, Fraud and Mismanagement Within NY Medicaid Program, Inaction of OMIG, Resulting in Potential Loss of Billions in Federal Dollars

Senate Republican Leader Dean Skelos and the Senate Republican Conference today called for an immediate independent audit of New York State’s Medicaid program and announced a forthcoming joint roundtable meeting of the Senate Health and Investigations Committees to investigate allegations of complacency and inaction by the state Office of the Medicaid Inspector General (OMIG).

February 25, 2013
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Insurance Assistance Program For Residents With Sandy-Related Insurance Issues

On Friday, February 22, 2013 from 10:00 AM to 6:00 PM at the Lindenhurst Public Library (1 Lee Avenue, Lindenhurst), Senator Boyle is co-sponsoring a program with the New York State Department of Financial Services (DFS) to help residents needing assistance with Sandy-related insurance issues.The DFS specialists will be available to meet with residents on an individual basis inside the Department’s Mobile Command Center, a 36-foot long vehicle which will be on site at the Lindenhurst Public Library Parking Lot, 1 Lee Avenue, in Lindenhurst, NY 11757.Representatives of DFS will be available to help homeowners, renters and business owners with insurance-related issues stemming from damage caused by Storm Sandy.

February 22, 10:00 AM - 6:00 PM
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Senator Zeldin Comments on DFS Investigation into Superstorm Sandy Insurance Claims

"Mother Nature wreaked havoc on the lives of many Third Senate District residents this past October. Our communities stepped up to assist each other through the challenges that resulted. Amongst these great responders, many insurance companies did the right thing by their customers quickly and effectively settling extensive claims. Unfortunately, some insurance companies have been grossly underperforming in a manner that is highly questionable. The delays, lowball offers and poor customer service concern me as Chairman of the Senate Consumer Protection Committee and as the Senator representing many of these victims."

February 21, 2013
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Insurance Assistance Program for Hurricane Sandy Victims- Copiague

     Senator Charles J. Fuschillo, Jr. (R-Merrick) and the New York State Department of Financial Services will be sponsoring a free program in Copiague to assist residents and business owners with insurance related issues stemming from damage caused by Hurricane Sandy.

     Senator Fuschillo has arranged for the Department of Financial Services’ Mobile Assistance Unit to be in front of the Tanner Park Senior Center, which is located on Baylawn Avenue in Copiague, this Wednesday, February 27th from 11 am to 7 pm. Department of Financial Services representatives will be available to meet one-on-one with residents and answer storm-related questions about homeowners’, renters’, and business owners’ insurance coverage.

February 27, 11:00 AM - 7:00 PM
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Insurance Assistance Program- Freeport

Senator Charles J. Fuschillo, Jr.

February 20, 10:00 AM - 6:00 PM
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Committee Meeting: Insurance Meeting

Senate Standing Committee on Insurance Senator James L. Seward, Chair 12:30 PM, Monday, February 11, 2013 Room 124 CAP

Superintendent of Financial Services Benjamin M. Lawsky will appear before the committee.

February 11, 12:30 PM - 1:07 PM
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Insurance Assistance Program for Hurricane Sandy Victims- Merrick

    Senator Charles J. Fuschillo, Jr. (R-Merrick) and the New York State Department of Financial Services will be sponsoring a free program in Merrick to assist residents and business owners with insurance related issues stemming from damage caused by Hurricane Sandy.

February 13, 11:00 AM - 7:00 PM
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Insurance Assistance Program for Hurricane Sandy Victims- Bellmore

     Senator Charles J. Fuschillo, Jr. (R-Merrick) and the New York State Department of Financial Services will be sponsoring a free program in Bellmore to assist residents and business owners with insurance related issues stemming from damage caused by Hurricane Sandy.

February 8, 10:00 AM - 3:00 PM
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SENATOR FUSCHILLO & DEPARTMENT OF FINANCIAL SERVICES TO SPONSOR INSURANCE ASSISTANCE PROGRAMS IN BELLMORE AND MERRICK TO HELP RESIDENTS CONTINUE TO RECOVER FROM HURRICANE SANDY

    Senator Charles J. Fuschillo, Jr. (R-Merrick) and the New York State Department of Financial Services will be sponsoring free programs in Bellmore and Merrick to assist residents and business owners with insurance related issues stemming from damage caused by Hurricane Sandy.

    Senator Fuschillo has arranged for the Department of Financial Services’ Mobile Assistance Unit to be at the following locations:

Friday, February 8th, 10 am to 6 pm

        Newbridge Road Park, 2600 Newbridge Road, Bellmore

Wednesday, February 13th, 11 am to 7 pm

February 4, 2013
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