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Narragansett Bay Insurance Company will pay a $327,400 penalty to New York regulators to settle charges it failed to perform timely inspections of Superstorm Sandy damage claims as required by New York Insurance Law and regulations.

“When a natural disaster like Superstorm Sandy strikes, insurers must respond rapidly to help their policyholders recover and rebuild,” said Governor Andrew M. Cuomo. “Delays can be devastating in the aftermath of an emergency, and as we prepare for the new reality of extreme weather it is imperative that insurers are swiftly reviewing and paying claims. This administration will continue to hold insurance companies to the highest standards of service for the New Yorkers they support.”

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