Canadian Underwriter

Puerto Rico sues insurance companies amid unresolved claims

September 19, 2018   by The Canadian Press

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lawsuit-01Puerto Rico’s government is suing insurance companies that officials say have not responded quickly enough to claims filed after Hurricane Maria hit nearly a year ago.

Gov. Ricardo Rossello said Tuesday that the lawsuits aim to prevent companies from dropping claims because they have allegedly expired. He said insurance companies believe they can drop a claim if clients do not sue within a year.

The lawsuits also seek $2.6 billion in damages for those who have not been compensated since the Category 4 storm hit on Sept 20.

Government officials said some 16,000 claims remain unresolved.

Attorneys in Puerto Rico recently filed a class-action lawsuit addressing the same concerns.

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This story was originally published by Canadian Insurance Top Broker.