New York's two senators are asking that the Federal Emergency Management Agency give homeowners in the state affected by Superstorm Sandy more time to file suits against their insurance carriers.
The senators, Charles E. Schumer and Kirsten E. Gillibrand, both Democrats, say in a letter written at the request of consumer advocates that few Sandy victims know there is a year deadline for them to file suit to challenge settlements proposed by their insurers.
Homeowners want more time "to hold accountable insurance companies for short-changing them," the senators say in a statement about the letter to FEMA. "Many families don't even know they may need to take legal action, but may soon lose that right anyway."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
