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Ten banks and servicers are withholding roughly $41 million in insurance proceeds paid to policyholders based on claims for damage caused by the October storm, according to state officials.

Lenders, Servicers Slow to Process Post-Sandy Payouts: Cuomo

by Brian Browdie
MAR 20, 2013 11:38am ET
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"Some banks have continued to lag especially far behind the rest and it's well past time for them to pick up the pace," New York's governor said.

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