24 Insurers Evaluated on Sandy Claims Performance
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Adirondack Insurance Exchange
Allstate Insurance Group * As of 12/20/12, Allstate had made payments on 72,415 claims, only 46,772 of which were closed.
Amtrust Financial Service Group
Andover Insurance Group
Arch Insurance Group * All losses are commercial property, with 51 being large commercial property accounts no personal lines/homeowners claims.
Assurant Insurance Group
Berkshire Hathaway (GEICO) *As of 12/20/12, GEICO had made payments on 28,863 claims, only 7,246 of which were closed.
Central Services Group (aka New York Central Mutual)
Chartis/AIG * These time frames relate to personal lines (as opposed to commercial lines) policies.
Chubb & Son Inc.
FM Global Group
Hartford Fire & Casualty Group
Liberty Mutual Group * These estimates encompass a wide array of claims and vary based on the complexity of the loss and damage severity.
Narragansett Bay Insurance Company
NY Property Insurance Underwriting Association
QBE Insurance Group Ltd.
State Farm * As of 12/20/12, State Farm had made payments on 39,188 claims, only 27,364 of which were closed. ** These estimates encompass a wide array of claims and vary based on the complexity of the loss and damage severity.
USAA Group * The time needed to inspect, estimate, and pay any claim will vary depending on the individual circumstances of each claim.
Utica National Insurance Group
Zurich Insurance Group
Insurers continue to respond to Superstorm Sandy, as claims are reported daily. The New York State Insurers' Report Card list covers the insurers that comprise the majority of the insurance market in areas affected by Sandy and includes:
- Consumer policies such as homeowners and auto insurance.
- Business policies such as business interruption insurance.
The information was last updated on Dec. 20, 2012 and is current as per the New York Department of Financial Services on Jan. 3, 2013.