PolitickerNJ Wire Feed
(TRENTON) - After hearing complaints from homeowners affected by Superstorm Sandy who claimed they were overcharged by public adjusters, Assembly Speaker Pro Tempore Jerry Green (D-Union/Middlesex/Somerset) today announced plans to introduce a bill that would cap how much a public adjuster can charge a homeowner for insurance claim assistance for certain emergencies.
Green said he decided to pursue the bill after hearing numerous complaints during a meeting in Union County from homeowners affected by Sandy who were overcharged by public adjusters hired to appraise their insurance claims. Public adjusters are experts on property loss adjustment who are retained exclusively by policyholders to assist in preparing, filing and adjusting insurance claims.
"Public adjusters are supposed to represent and look out for the best interests of the homeowner, but according to these residents, some of these adjusters were charging up to 40 to 50 percent of what the insurance company was to pay eventually. This is a crime. A loan shark doesn't even charge that much," said Green. "Unfortunately, there is nothing currently in the books to prevent these individuals from taking advantage of these homeowners. This bill changes that."
Contact Eva Loayza at (609) 847-3500
Lew Candura, the veteran chair of the Morris County Democratic Committee, will retire this year and back the organization's executive director, Chip Robinson, to serve as his successor.Read More >
Days Since Last Christie Press Conference (Jan. 9)
Bridget Anne Kelly’s attorney says lawmakers rushed to judgement An attorney for former top Gov. Chris Christie administration official Bridget Anne Kelly filed paperwork arguing his client shouldn’t have to comply with a legislative subpoena. The documents, filed by Kelly attorney Michael Critchley, argues lawmakers rushed to judgment...
By Suzanne M. Walters When unions representing local police and firefighters cannot agree to new contract terms with local governments, State law mandates that the parties submit to binding arbitration. A third-party referee, then, sets the... Read More >
"I can talk to folks on the corner, and I can talk to people in the boardroom." - Newark Mayoral candidate Ras Baraka- PolitickerNJ.com
Press releases are submitted by PolitickerNJ users, not by staff. They do not represent the viewpoint of PolitickerNJ.com.