According to the latest figures from the New Jersey Department of Banking and Insurance, homeowners and businesses incurred nearly $4.6 billion in losses, exclusive of claims on flood insurance policies and surplus lines and excess insurers, due to the storm that devastated the Shore and left much of the state without power for a week or more. As of September 15, insurers had paid out roughly 88 percent of that total.
In all, the state reports companies had closed 98 percent of claims as of six weeks ago, and paid on 77 percent of claims submitted.
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Restaurant.com Can Be Sued Over Coupons' Time Limits, 3d Cir. Says
By Michael Booth | New Jersey Law Journal
November 11, 2013
One-year limits on redeeming gift certificates from dining-deal site Restaurant.com may violate a New Jersey consumer-protection law, says a putative class-action suit given a green light by the U.S. Court of Appeals for the Third Circuit.
The judges based their ruling in Shelton v. Restaurant.com on an advisory opinion by the New Jersey Supreme Court that such certificates fall within the province of the Truth-in-Consumer Contract, Warranty and Notice Act.