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,**.*.*..*.**CR |_OT0032A**C029
FRPT MEMORIAL LIB
144 W MERRICK RD. 8"3 C029
FREEPORT NY 11520-3726 , , , , , 1 1
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www.fr0eportbaldwinleader.com
TJL WJo, EJ!
77th Year, No. 46 Freeport, N.Y. 11520 the Community Newspaper Thursday, November 15, 2012 75<=
Freeport Rec is hurricane relief center
FREEPORT DISASTER RELIEF INITIATIVE Disaster relief workers are, from left,
Arlene Krebsbach with the Red Cross from Nixa, Missouri, John Scales!, Judge
Cheryl P. Clarke, Isaac Leizerson, unidentified woman, Sherlene Wade, Will Werner,
Pam Teijan and Lieutenant Zina Leftenant. Behind them is the massive pile of
donated clothes and to the right, some of the food supplies that came in.
Leader photos by Judy Ammerman
Schumer warns insurers to
fulfill payout obligations
U.S. Senator Charles E. Schumer warned
insurance companies not to try to skirt their
obligations to policyholders in the after-math
of Superstorm Sandy.
In an article written in the Financial
Times by Alistair Gray and Anjli Raval, the
writers reveal that insurers believe the
storm will cause them losses of between
$10 and $20 billion and are pushing to have
"Sandy" reclassified in order to increase
deductibles for homeowners.
Although the storm is referred to as
"Hurricane Sandy," the storm is technically
classified as a "post-tropical cyclone" by
the National Oceanic and Atmospheric
Administration's (NOAA) National
Weather Service. This means that insurance
companies cannot trigger the higher hurri-cane
deductibles, which can be as high as
5% of the property's value. The present
nonhurricane classification limits liability
to about $1,000.
"Superstorm Sandy left many homeown-ers'
lives in shambles, and private insurance
companies - who have collected thousands
and thousands of dollars in premiums -
should be doing everything possible to help
them clean up the mess and rebuild, not try-ing
to skirt their obligations," Senator
Schumer said in a news statement.
"The state and federal government both
classified this storm as a post-tropical
cyclone, not a hurricane, and insurance
companies shouldn't try to alter reality to
save money on the backs of homeowners."
Furthermore, the state Department of
Financial Services, based on that determi-nation,
also told insurance companies oper-ating
in the state that they cannot use the
higher hurricane deductibles.
Despite the rulings to the contrary, the
Financial Times article says the insurance
industry is planning to challenge the deter-mination
directly with NOAA, through the
courts, or simply by disregarding the ruling
and charging homeowners the higher
deductible.
"Do not go down this road," Senator
Schumer warned. "Elected officials and
regulators at all levels of government are
watching. NOAA should stand firm in their
determination. If NOAA continues to clas-sify
the storm as a nonhurricane, it will
make it more challenging for insurance
companies to challenge the designation at
both the state level and in the courts."
No alterations planned
But the insurance companies The Leader
spoke with -Allstate and State Farm - said
they will not apply hurricane deductibles
for customers.
"This decision will hopefully provide
some additional measure of comfort and
relief for our customers who are strug-gling
to get back on their feet after this
devastating storm," said Thomas J.
Wilson, Allstate chairman, president and
chief executive officer in an email sent
to The Leader from its corporate office
in Illinois.
continued on page 13
Segredo at
Wang Center
page 2
What matters most
is people
page3
Baldwin's St. Christopher:
Shelter from the storm
page 5
LIRR
recovers
page6
Object Description
| Rating | |
| Title | 2012-11-15 |
| Subject | Newspaper |
| Description | This is a Newspaper distributed locally within the Village of Freeport and Baldwin. |
| Creator | Linda Toscano |
| Publisher | L & M Publications, Inc. |
| Contributors | Scanned by Imaging & Microfilm Access, Inc. (Bohemia, NY 11716) |
| Date | 2012 |
| Type | Periodical |
| Format | |
| Source | Freeport Memorial Library |
| Language | English |
| Coverage | United States |
| Rights | This digital image may be freely used for educational uses, as long as it is not altered in any way. No commercial reproduction or distribution of this image is permitted without written permission of the Freeport Memorial Library, 144 W. Merrick Road, Freeport, NY 11520 or email: frreference@freeportlibrary.info |
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