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Insurance companies flee Long Island in wake of Sandy aftermath

Posted at 10:13 AM, Jun 25, 2013
and last updated 2013-06-25 10:13:39-04

LONG ISLAND (PIX11) — According to Sen. Chuck Schumer, major insurance companies are withdrawing from the Long Island market, leaving homeowners scrambling to find policies.

AllState, Farmer’s and Liberty Mutual started dropping coverage after Superstorm Sandy hit, even on homes not damaged in the storm.

That forced people to purchase more expensive policies that offer less favorable terms.