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ARTICLE · 11 JUNE 2020

NY DFS Issues Emergency Regulation Regarding Resolution And Payment Of Claims From Recent Looting

Clyde & Co
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On June 4, 2020, the New York Department of Financial Services issued an emergency amendment to New York's Regulation 64 – Unfair Claims Settlement Practices and Claim Cost Control Measures (11 NYCRR 216).

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Vikram Sidhu
Vikram Sidhu
Cheryl Yakey
Cheryl Yakey
Jared Wilner
Jared Wilner
Megan Kuzniewski
Megan Kuzniewski
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On June 4, 2020, the New York Department of Financial Services issued an emergency amendment to New York's Regulation 64 - Unfair Claims Settlement Practices and Claim Cost Control Measures (11 NYCRR 216). The emergency amendment makes certain changes to NY Regulation 64 with respect to the resolution and payment of claims arising from the recent looting in New York.

On June 4, 2020, the New York Department of Financial Services (NYDFS) issued an emergency amendment to New York's Regulation 64 - Unfair Claims Settlement Practices and Claim Cost Control Measures (11 NYCRR 216).  The emergency amendment makes certain changes to NY Regulation 64 with respect to the resolution and payment of claims arising from the recent looting in New York.  Please see the brief overview of the emergency amendment below and contact me if you have any questions or need further information at this time.  We will also issue a brief client alert on this emergency amendment.

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