Homeowners fed up by stalled Sandy aid settlements

According to Gov. Andrew Cuomo, insurance companies have approved almost 7,000 checks worth around $200 million. However, these funds have been stalled in banks due

According to Gov. Andrew Cuomo, insurance companies have approved around $200 million in aid, much of which has yet to reach struggling homeowners.

According to Gov. Andrew Cuomo, insurance companies have approved around $200 million in aid, much of which has yet to reach struggling homeowners. (2/13/13)

MASSAPEQUA - Many residents impacted by Hurricane Sandy say they can't start rebuilding their lives until their insurance companies pay out for their claims.

According to Gov. Andrew Cuomo, insurance companies have approved almost 7,000 checks worth around $200 million. However, these funds have been stalled in banks due to financial red tape.

Homeowners across Long Island say they eagerly want to begin reconstruction on their properties, but feel hamstrung by the lack of funding. 

The Cuomo administration says the state Department of Financial Services (DFS) has sent out a letter to the banks that highlights ways to speed up the process. 

In the meantime, a DFS mobile unit will be in Far Rockaway on Thursday to help answer residents' questions about insurance payments.

advertisement | advertise on News 12

Trending Video

1 Jericho girl performs in national tour of 'Annie: The Musical'
Long Island Medium Thersa Caputo sat down with 2 Interview: LI Medium talks about her health scare
Suffolk Police continue to search for the person(s) 3 Police: Reward offered for missing war memorial medallion
Supervisor Larry Cantwell says that's not a role 4 Easthampton declines to join immigration crackdown
Mark Wahlberg was in Port Jefferson Station Sunday 5 Mark Wahlberg visits Wahlburgers restaurant in Port Jefferson

advertisement | advertise on News 12

More News

The measure would suspend the $16.4 trillion cap House approves $50.7B in superstorm aid

House approves $50.7 billion emergency aid bill for states hit by Superstorm Sandy. Stay with

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE