NOTICE OF PUBLIC HEARING
SUBJECT:
Insurance Coverage in the Event of a Disaster
PURPOSE:
The purpose of this hearing is to examine the claims settlement practices of insurers related to the Superstorm, to examine the types of coverage available to consumers and to ensure they are properly informed of their coverage needs and options to deal with future disasters.
NEW YORK CITY
Tuesday, February 26, 2013
11:00 am
Assembly Hearing Room 1923, 19th floor
250 Broadway, New York, NY
The damage caused by Superstorm Sandy left hundreds of thousands of individuals, families, and businesses without power, caused an extraordinary amount of property damage, forced businesses to cease operations, left many people homeless and unfortunately many lives were lost. In late November 2012, the monetary cost of the damages caused by Superstorm Sandy was estimated at $33 billion.
Families and businesses rely heavily on the insurance industry in the recovery process after such a disaster. Prompt assessments of damages and processing of claims are key to providing individuals and families a safe place to live and to providing businesses the resources they need to continue operating and serving the public. The purpose of this hearing is to examine the claims settlement practices of insurers as it relates to damages and losses resulting from the Storm, to examine the types of coverage available to consumers and to ensure they are properly informed of their coverage needs and options to deal with future disasters.
Persons wishing to present pertinent testimony to the Committee at the above hearing should complete and return the enclosed reply form by February 25, 2013. It is important that the reply form be fully completed and returned so that persons may be notified in the event of emergency postponement or cancellation.
Oral testimony will be limited to ten minutes in duration. In preparing the order of witnesses, the Committee will attempt to accommodate individual requests to speak at particular times in view of special circumstances. These requests should be made on the attached reply form or communicated to Committee staff as early as possible.
Ten copies of any prepared testimony should be submitted at the hearing registration desk. The Committee would appreciate advance receipt of prepared statements. Those who are unable to present oral testimony can submit written testimony until March 7th.
In order to meet the needs of those who may have a disability, the Assembly, in accordance with its policy of non-discrimination on the basis of disability, as well as the 1990 Americans with Disabilities Act (ADA), has made its facilities and services available to all individuals with disabilities. For individuals with disabilities, accommodations will be provided, upon reasonable request, to afford such individuals access and admission to Assembly facilities and activities.
Persons wishing to present testimony at the public hearing, Insurance coverage in the event of a disaster, are requested to contact Eugene Shvartsman at Assemblyman Phil Goldfeder's Office by phone at or by email atShvartsmany@assembly.state.ny.
Thank You,
Eugene Shvartsman
Director of Consituent Services,
Assemblyman Phillip Goldfeder
Email: Shvartsmany@assembly.state.ny.
Phone:
Fax: (718) 945 9549
SUBJECT:
Insurance Coverage in the Event of a Disaster
PURPOSE:
The purpose of this hearing is to examine the claims settlement practices of insurers related to the Superstorm, to examine the types of coverage available to consumers and to ensure they are properly informed of their coverage needs and options to deal with future disasters.
NEW YORK CITY
Tuesday, February 26, 2013
11:00 am
Assembly Hearing Room 1923, 19th floor
250 Broadway, New York, NY
The damage caused by Superstorm Sandy left hundreds of thousands of individuals, families, and businesses without power, caused an extraordinary amount of property damage, forced businesses to cease operations, left many people homeless and unfortunately many lives were lost. In late November 2012, the monetary cost of the damages caused by Superstorm Sandy was estimated at $33 billion.
Families and businesses rely heavily on the insurance industry in the recovery process after such a disaster. Prompt assessments of damages and processing of claims are key to providing individuals and families a safe place to live and to providing businesses the resources they need to continue operating and serving the public. The purpose of this hearing is to examine the claims settlement practices of insurers as it relates to damages and losses resulting from the Storm, to examine the types of coverage available to consumers and to ensure they are properly informed of their coverage needs and options to deal with future disasters.
Persons wishing to present pertinent testimony to the Committee at the above hearing should complete and return the enclosed reply form by February 25, 2013. It is important that the reply form be fully completed and returned so that persons may be notified in the event of emergency postponement or cancellation.
Oral testimony will be limited to ten minutes in duration. In preparing the order of witnesses, the Committee will attempt to accommodate individual requests to speak at particular times in view of special circumstances. These requests should be made on the attached reply form or communicated to Committee staff as early as possible.
Ten copies of any prepared testimony should be submitted at the hearing registration desk. The Committee would appreciate advance receipt of prepared statements. Those who are unable to present oral testimony can submit written testimony until March 7th.
In order to meet the needs of those who may have a disability, the Assembly, in accordance with its policy of non-discrimination on the basis of disability, as well as the 1990 Americans with Disabilities Act (ADA), has made its facilities and services available to all individuals with disabilities. For individuals with disabilities, accommodations will be provided, upon reasonable request, to afford such individuals access and admission to Assembly facilities and activities.
Persons wishing to present testimony at the public hearing, Insurance coverage in the event of a disaster, are requested to contact Eugene Shvartsman at Assemblyman Phil Goldfeder's Office by phone at or by email atShvartsmany@assembly.state.ny.
Thank You,
Eugene Shvartsman
Director of Consituent Services,
Assemblyman Phillip Goldfeder
Email: Shvartsmany@assembly.state.ny.
Phone:
Fax: (718) 945 9549
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