ROCKLAND COUNTY, N.Y. -- Legislation authored by Assemblyman James Skoufis, D-Rockland/Orange, to help families recover after natural disasters has passed the Assembly.
The legislation would expedite insurance claims following extreme weather events.
Skoufis is urging the Senate to take up this bill for a vote, something it has refused to do in previous years.
“After a natural disaster, the last thing we want families to face is a long, dragged-out process with insurance companies,” said Skoufis, who chairs the Subcommittee on Catastrophic Natural Disasters.
“This legislation will provide prompt relief for property owners so they are able to restore what has been lost.”
The legislation would require insurance companies to make a decision on claims within 15 business days after closing the investigation, allowing policyholders to access the resources they need to rebuild in a timely manner. One 15-day extension, for a total of 30 days would be permitted.
Current law states that insurers can request an unlimited number of 90-day extensions following the first 15-day window.
“Major natural disasters are becoming too common today to not address this problem. Our measure will ensure that we will not have families and businesses left holding the bag while insurance companies wait them out,” said Skoufis.
“Hudson Valley and all New York state residents need legislation like this to ensure that they have the rapid assistance needed to rebuild. I urge the Senate to take up and pass this essential bill.”