Governor Cuomo Announces Administration Investigation Finds at least $200 Million in Sandy Insurance Funds have not Been Released by Banks to Homeowners

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    By New York RealEstateRama -

    Albany, NY – February 12, 2013 – (RealEstateRama) — Governor Andrew M. Cuomo today announced that a Department of Financial Services investigation uncovered $200 million in insurance funds from Superstorm Sandy that are being held by banks and have not yet been sent to homeowners who need the money to pay for necessary repairs.

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