Governor Cuomo Announces DFS Action Could Save Some New York Homeowners Millions in Overcharges to Home Insurance

Governor Cuomo Announces DFS Action Could Save Some New York Homeowners Millions in Overcharges to Home Insurance

Albany, NY – June 14, 2012 – (RealEstateRama) — Governor Andrew M. Cuomo today announced that the Department of Financial Services (DFS) has ordered insurers offering force-placed insurance in New York to submit proposals for new premium rates after it was found that they overcharged New York homeowners to the tune of millions of dollars. The proposals must be submitted by July 6, 2012.

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