95% of N.Y. Sandy Claims Closed

April 18, 2013 by Andrew Simpson

Almost 95 percent of Superstorm Sandy-related personal and business insurance claims in the New York State have now been closed, regulators reported.

The states compiles data from 24 major insurers that make up the most of the insurance market in New York areas that were affected by Sandy. The latest data, released this week, shows that 375,774 claims have been closed (303,826 with payments and 71,948 without payments) as of April 12. That represents 94.62 percent of 397,160 overall Sandy claims filed in New York with the 24 major insurers.

The data includes consumer policies, such as homeowners’ and auto insurance, as well as business policies such as business interruption insurance — but National Flood Insurance Program claims are not included.

The latest data also shows there have been 3,388 complaints, representing 0.85 percent of the overall 397,160 claims in the New York report card.

Additional statistics from the report:

The full report card can be found at New York State’s Sandy disaster insurance assistance website.