Insurance regulator calls for fast Sandy response
With the region assessing the damage from Hurricane Sandy, New York’s Superintendent of Financial Services, who oversees the insurance industry, says he wants to see a quick turnaround when those companies receive claims from residents. Ben Lawsky spoke on WAMC’s Capitol Connection program, which airs Friday night at 10:30 and Saturday at 1.
"I don't think that there's a danger that insurers are going to run out of money," Lawsky said. "I think we're more focused right now on, sort of, on the ground as individuals start to recover, small businesses start to recover, from the storm, are the insurance companies getting them the money they owe them quickly enough. We want to make sure that happens."