Hurricane Sandy has prompted some New England and Mid-Atlantic insurance departments to issue bulletins or alerts providing directives for insurers in dealing with this storm and its aftermath.
The Delaware Department, for example, is reminding insurers of the need to activate their disaster response preparation plan or catastrophe plan. These plans include providing timely assistance to insureds. They may include, but not be limited to, the obligation to suspend the cancellation and non-renewal of policies for reasons related to the occurrence of the disaster or catastrophic event and using an expedited and simplified claims process.
The Rhode Island Department of Business Regulation issued Industry Alert 2012-3, in which it declared "Sandy" a catastrophic event for purposes of R.I. Gen. Laws § 27-10-8 and 27-10.1-11. As a result of that declaration, the emergency adjuster and motor vehicle damage appraiser licensing statutes are triggered. The alert also provides guidance on procedures for emergency catastrophe adjusters and motor vehicle damage appraisers and insurer obligations.
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