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Banks witholding $200 million in Sandy insurance

Posted: 6:49 PM, Feb 12, 2013
Updated: 2013-02-12 18:49:11-05

Another blow to Sandy victims who are waiting for money.

Banks are holding more than $200 million dollars in insurance payments, Gov. Andrew Cuomo said.

A state investigation uncovered the problem. Banks contend they needed proof of damage.