DFS To Require Expedited Handling of Riot Claims
New York insurers will be required to expedite handling of insurance claims resulting from recent episodes of civil unrest, according to a recent announcement by New York Gov. Andrew M. Cuomo. The announcement came during the governor's daily briefing on June 3. A news release on the governor's website stated: The Governor also announced the State Department of Financial Services will issue an emergency regulation to help businesses and consumers who suffered damage from looting and vandalism by requiring New York State-regulated insurance companies to expedite the resolution and payment of related insurance claims based on similar emergency relief applied in the aftermath of Super Storm…