Tower Group Cos. says it “emphatically rejects” allegations of unsatisfactory Superstorm Sandy claims-handling practices brought by New York.
The New York Department of Financial Services says the actions of three insurers—Tower Insurance Co., Narragansett Bay Insurance Co. and Kingstone Insurance Co.—following the late October storm are “totally unacceptable.” The DFS is investigating each insurer, announced Gov. Andrew M. Cuomo.
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