Insurance

Insurance

Governor Cuomo Announces DFS Program for Banks to Meet One-on-One With Homeowners Seeking Sandy...

Albany, NY - February 28, 2013 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that five of New York’s largest banks and mortgage servicers will have representatives available to offer one-on-one help to homeowners seeking the release of Superstorm Sandy insurance settlement funds at the Department of Financial Services’ Disaster Assistance Centers from Monday, March 4 through Saturday, March 9.

Governor Cuomo Announces Fannie Mae and Freddie Mac Have Agreed to State’s Request for...

Albany, NY - February 27, 2013 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that Fannie Mae and Freddie Mac have agreed to the State’s request for new rules to accelerate the release of insurance proceeds to homeowners affected by Storm Sandy. As requested by the administration, Fannie Mae and Freddie Mac have reduced restrictions on how banks and mortgage servicers may release insurance money to homeowners.

Governor Cuomo Announces DFS Mediation Program for Disputed or Denied Insurance Claims for Storm...

New York, NY - February 25, 2013 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that the Department of Financial Services has established a voluntary mediation process for homeowners disputing their insurance claims or dissatisfied with denials of their claims arising from Storm Sandy.

Gillibrand Urges Feds to Help Speed Up $200 Million in Delayed Insurance Payments to...

New York, NY - February 13, 2013 - (RealEstateRama) -- After an investigation by New York State’s Department of Financial Services found that banks have delayed approximately $200 million in Superstorm Sandy related insurance payments to thousands of New York homeowners, U.S. Senator Kirsten Gillibrand urged the Consumer Financial Protection Bureau (CFPB) today to review the matter and find the most efficient and effective way for financial institutions to expedite insurance claims and cut through red tape. Four major U.S. banks are holding more than two-thirds of the 6,000 delayed relief funds, or an estimated $130 million, owed to New Yorkers who need assistance to repair and rebuild in the aftermath of Superstorm Sandy

Governor Cuomo Announces Administration Investigation Finds at least $200 Million in Sandy Insurance Funds...

Albany, NY - February 12, 2013 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that a Department of Financial Services investigation uncovered $200 million in insurance funds from Superstorm Sandy that are being held by banks and have not yet been sent to homeowners who need the money to pay for necessary repairs.

A.G. Schneiderman Launches Post-Sandy Insurance Outreach And Advocacy Program To Assist Struggling Homeowners

NEW YORK, NY - January 30, 2013 - (RealEstateRama) -- Attorney General Eric T. Schneiderman today announced the creation of an initiative to assist homeowners who are struggling to maintain and repair their homes in the wake of Hurricane Sandy. In response to consumer complaints, the program will address issues related to the collection of insurance claims and other disaster-related benefits in light of the impact these issues are having on homeownership and foreclosure prevention

After Sandy, Silver Advances Legislation to Protect Home and Business Owners

New York, NY - January 14, 2012 - (RealEstateRama) -- In the wake of the devastating and unprecedented damage caused by Superstorm Sandy, Assembly Speaker Sheldon Silver (D-Manhattan) today announced a bill (A-2287)) to create the Homeowners Bill of Rights to protect hard hit families from unscrupulous actions by insurance companies. He also announced a second bill (A-1092), sponsored by Assemblyman James Skoufis (D-Woodbury), requiring insurance companies to promptly process claims resulting from storm damage.

Governor Cuomo Announces Banks and Mortgage Servicers to Expedite Insurance Payments to Homeowners

Albany, NY - December 12, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that major banks and mortgage servicers will take action to expedite insurance payments to New York homeowners. Currently, insurance claim checks must be endorsed by the banks or mortgage servicers before homeowners can cash them, causing frustrating delays at a time when the money is needed for home repairs or for living expenses. These new actions will enable the insurance companies to get the money to homeowners faster

MAYOR BLOOMBERG DISCUSSES THE CITY’S ONGOING EFFORTS TO HELP RESIDENTS AND HOMEOWNERS RECOVER FROM...

New York, NY - December 3, 2012 - (RealEstateRama) -- “With winter at hand, we’re intensifying our efforts to help all the New Yorkers still suffering from Hurricane Sandy. Last week, we took new steps to protect thousands of New Yorkers who still lack power, heat or hot water in their homes from winter and its falling temperatures.

Governor Cuomo Announces Homeowners Will Not Have to Pay Hurricane Deductibles

Albany, NY - November 1, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that New York homeowners will not have to pay potentially large hurricane deductibles on insurance claims stemming from damage caused by Monday’s storm.

Welcome Home New York! Rochester A Success

New York, NY - October 1, 2012 - (RealEstateRama) -- On Saturday, September 15th, the State of New York Mortgage Agency - SONYMA, hosted its second "Welcome Home, New York" event for first-time homebuyers at Asbury First United Methodist Church in Downtown Rochester.

Governor Cuomo Announces DFS Action Could Save Some New York Homeowners Millions in Overcharges...

Albany, NY - June 14, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that the Department of Financial Services (DFS) has ordered insurers offering force-placed insurance in New York to submit proposals for new premium rates after it was found that they overcharged New York homeowners to the tune of millions of dollars. The proposals must be submitted by July 6, 2012.

Swig Equities Closes Lease with Situs Holdings, LLC at 48 Wall Street

New York, NY - January 11, 2012 - (RealEstateRama) -- Kent M. Swig, President of Swig Equities, LLC and owner of the landmark building at 48 Wall Street, announced the signing of a new lease for Situs Holdings, LLC who will occupy 13,650 square feet on the entire 14th floor. With this new lease, the building has now reached 88% occupancy

Rangel Applauds Raise In Vets Mortgage Insurance

WASHINGTON, D.C. - November 14, 2011 - (RealEstateRama) -- Congressman Charles Rangel praised the announcement made by the Department of Veterans Affairs (VA) today that the maximum amount of Veterans Mortgage Life Insurance (VMLI) increased from $90,000 to $150,000, effective Oct. 1, under the Veterans’ Benefits Act of 2010. Maximum coverage will further increase from $150,000 to $200,000 after Jan. 1, 2012.

McCarthy Makes Key Progress in Fight to Relieve Burden on Homeowners, Get Better Notification...

WASHINGTON, DC - May 13, 2011 - (RealEstateRama) -- Rep. Carolyn McCarthy (D-NY04), who has been working steadily to bring relief to homeowners affected by the Federal Emergency Management Agency’s flood insurance program, just won bipartisan passage in committee of two amendments that, if made into law, would save homeowners significant amounts of money and bring better community notification in advance of future changes

SCHUMER AND HINCHEY CALL ON FEMA TO DRAW FLOOD MAPS THAT ACCURATELY REFLECT FLOOD...

March 23, 2011 - (RealEstateRama) -- Today, U.S. Senator Charles E. Schumer and Congressman Maurice Hinchey announced their new efforts to ensure that the Federal Emergency Management Agency (FEMA) does not force Southern Tier homeowners to spend thousands of dollars on unnecessary flood insurance through flawed and inaccurate maps that fail to reflect communities’ efforts and infrastructure to mitigate potential flooding.

SCHUMER INTRODUCES NEW LEGISLATION FOR 5 YEAR FLOOD INSURANCE MORATORIUM FOR NEW YORK HOMEOWNERS

New York, NY - December 2, 2010 - (RealEstateRama) -- Yesterday, United States Senators Charles E. Schumer and Richard Durbin (D-IL), introduced a five-year moratorium on the requirement that New York homeowners purchase expensive new flood insurance policies if they live in a community designated as a flood zone since September 30th, 2007. Schumer has been highly critical of Federal Emergency Management Agency (FEMA) flood mapping techniques and has been pushing the agency to go back to the drawing board to devise a flood map plan that reflects the on-the-ground realities of communities now being impacted by new flood elevation requirements.

SCHUMER INTRODUCES NEW LEGISLATION FOR 5 YEAR FLOOD INSURANCE MORATORIUM FOR LONG ISLAND HOMEOWNERS

December 1, 2010 - (RealEstateRama) -- Today, United States Senator Charles E. Schumer, introduced a five-year moratorium on the requirement that Long Island homeowners purchase expensive new flood insurance policies if they live in a community recently designated as a flood zone.

State of New York Mortgage Agency Approves $37.5 million Insurance

NEW YORK, NY - January 28, 2010 - (RealEstateRama) -- The board of the State of New York Mortgage Agency (SONYMA) today approved a commitment to insure a $37.5 million mortgage on a 144-unit apartment building in Brooklyn that was originally built to be sold as condominium units.

Atlantis Health Plan Moves into New Offices at 45 Broadway

Disaster Planning and Insurance Coverage Helped Ensure Only Minor Disruption for Members and Providers When Fire Hit Manhattan-Based Health Insurance Company. New York, NY, June 2, 2009 - (RealEstateRama) — Atlantis Health Plan today officially opens its new 16,000 sq. ft. office space on 45 Broadway, suite 300 with a ribbon-cutting and welcoming of leading health insurance brokers in the New York City area and other guests. Atlantis had been operating temporarily at 48 Wall St. following an electrical fire of unknown origin on Nov. 25, 2008, at its prior offices located at 39 Broadway.

Hdc Announces Issuance Of $88,000,000 Bond Issuance For Two Bronx Developments

NEW YORK, NY - November 6, 2008 - (RealEstateRama) –  The New York City Housing Development Corporation (HDC) today announced it has approved the issuance...

Senator Clinton Assails State Farm Decision to Terminate Homeowners’ Coverage for Long Island Customers

Washington, DC - February 22, 2008 - Senator Hillary Rodham Clinton today called on the State Farm Insurance Company to reconsider its decision to...

LandAmerica To Present at the Credit Suisse Insurance and Asset Management Conference 2007

RICHMOND, Va., Nov. 12 /PRNewswire-FirstCall/ -- LandAmerica Financial Group, Inc. (NYSE: LFG), Fortune magazine's number one Most Admired Company in the mortgage services industry,...

Affordable Housing Projects Receive $45 Million In State Financing

NEW YORK, N.Y, September 21, 2007 -- Governor Eliot Spitzer today announced more than $45 million in financing for affordable housing projects in New York City,...

New Yorkers pay highest closing costs

A nationwide survey of lenders by Bankrate.com found that while closing costs are lower than last year, residents of some states continue to pay...

Popular Government & Nonprofit Press Releases

Total Household Debt Increases, Driven by Mortgage, Auto and Credit Card...

The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit,which reported that total household debt increased by $114 billion (0.9%) to $12.84 trillion in the second quarter of 2017. There were modest increases in mortgage, auto and credit card debt (increasing by 0.7%, 2% and 2.6% respectively), no change to student loan debt and a modest decline in balances on home equity lines of credit (decreasing by 0.9%).

Recent Government & Nonprofit Press Releases

Total Household Debt Increases, Driven by Mortgage, Auto and Credit Card...

The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit,which reported that total household debt increased by $114 billion (0.9%) to $12.84 trillion in the second quarter of 2017. There were modest increases in mortgage, auto and credit card debt (increasing by 0.7%, 2% and 2.6% respectively), no change to student loan debt and a modest decline in balances on home equity lines of credit (decreasing by 0.9%).