November 14, 2011

INSURANCE & REAL ESTATE COMMITTEE TO HOLD
INFORMATIONAL MEETING, PUBLIC HEARING
ON STORMS IRENE AND ALFRED ON NOV. 15

The Legislature’s Insurance and Real Estate Committee will hold an informational meeting and public hearing on the insurance industry’s response to Tropical Storm Irene and the October Nor’easter on Tuesday, Nov. 15, at 1 p.m. in Room 2D of the Legislative Office Building (LOB).

According to House Insurance Committee Chair Robert Megna (D-New Haven), invited speakers will make presentations from 1-2:30 p.m. and public testimony will begin at 2:30 p.m. Those submitting testimony are asked to submit 35 copies of written testimony to the committee staff two hours prior to the start of the hearing in Room 2800 of the LOB. Sign-up for the hearing will begin at 11 a.m. in Room 2800 of the LOB. Public testimony will be limited to three minutes per person.

Senate Insurance Committee Chair Joseph Crisco said the committee will examine the process by which the insurance industry responded to car, home and business owners on property claims in the wake of both storms. In addition, he said, the committee will review complaints received by the Insurance Department from policyholders with respect to the industry’s timeliness and fairness in servicing claims.