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New Jersey Regulator Asks Insurers to Work with Customers Affected by Ida

September 13, 2021

The New Jersey Department of Banking and Insurance (DOBI) issued a bulletin urging entities regulated by the department to work with and assist customers who have been adversely affected by Tropical Storm Ida.

“New Jersey residents suffered tremendous losses during Tropical Storm Ida that will have an impact on their finances and ability to make payments for certain obligations,” said DOBI Commissioner Marlene Caride in a press release issued by her office. “As the state begins the recovery process, we are urging insurance companies, financial institutions and other regulated entities to recognize the hardships faced by impacted residents and businesses and to work with and assist them as they recover from the effects of the storm.”

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