Originally published by Charles Mathis.
Initially introduced in January 2014, Assembly Bill No. 231 made its way before New Jersey lawmakers during a committee hearing on December 10, 2015. The bill, “establishes a private cause of action for insureds or their assignees regarding unfair practices in the settlement or attempted settlement of insurance claims arising out of a declared disaster.”
The bill is sponsored by Assemblyman Reed Gusciora, Assemblyman Timothy J. Eustace, and Assemblywoman Marlene Caride, and was drafted in wake of Superstorm Sandy. In discussing the bill, Gusicora stated, “[w]hen another major storm or natural disaster hits, this is when people and homeowners and New Jersey residents are most vulnerable, and these claims should be resolved with less difficulties than we’ve seen after Superstorm Sandy,” and that “it was ‘shocking’ that the state has no good faith standard for insurance claims.”1
Assembly Bill No. 231 states, “a claimant may,…
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