Monthly Archives: <span>October 2012</span>

Manhattan Power Outages to Continue for Days: ConEd

Residents of lower Manhattan faced up to four days without power on Tuesday as Consolidated Edison, New York City’s power provider, scrambled to repair the damage wrought by Hurricane Sandy. Almost every street below Times Square in the city’s Midtown …

Canada’s Manulife Says Reinsurace Exposure to Hurricane Sandy ‘Manageable’

Toronto-based Manulife Financial, one of North America’s largest insurers, said its exposure to Hurricane Sandy was manageable and within its risk tolerance. The company, based in Toronto, is primarily a life insurer, but it also provides property and casualty reinsurance, …

Hurricane Sandy Silences Atlantic City’s Casinos

Hurricane Sandy has silenced the thousands of slot machines and high-rollers who normally crowd the black jack and roulette tables of Atlantic City, but the resort’s casino companies wager they could be back in business within days. The storm that …

Supreme Court Weighs Key ‘Gray’ Market Copyright Case

Several justices on the U.S. Supreme Court voiced concern on Monday about letting U.S. copyright holders block the resale inside the country of products they make elsewhere, in one of the court’s biggest copyright cases in years. The case, likely …

Insured Losses From Hurricane Sandy $7-$15 Billion: AIR Worldwide

Catastrophe modeling firm AIR Worldwide estimated Tuesday evening that insured losses from Hurricane Sandy to onshore properties in the U.S. would be in the range of $7 billion to $15 billion. AIR’s insured loss estimate includes wind and storm surge …

Native Seed Shortage Hampers Nevada, Utah Wildfire Recovery

High demand for native plant seeds in Nevada and Utah is pushing up the price and leaving short supplies following an extreme wildfire year that burned millions of acres nationally. In the Great Basin of Nevada and Utah, reseeding after …

Lawsuit Over Fatal Washington Ice Cave Collapse Dismissed

A federal judge has dismissed a lawsuit over a Washington state ice cave collapse that killed an 11-year-old girl in 2010. Grace Tam was killed as she posed for a picture the Big Four Ice Caves in the Mount Baker-Snoqualmie …

Viera Joins Woodruff-Sawyer in Southern California

San Francisco, Calif.-based Woodruff-Sawyer & Co. named Elena Viera as a vice president of employee benefits for Southern California. Viera’s focus will be on business development and client relationship management. She has over 20 years of group benefits experience on …

Sandy Dominates Southern California PCI Conference

The subject of Hurricane Sandy dominated a conference of insurance professionals in Southern California on Tuesday – it was heavily used in speeches, a constant topic on panels and it even made its way into meeting rooms, where attendees stared …

Preparis, Wells Fargo to Provide Emergency Preparedness Services to Businesses

Preparis, a web and mobile emergency preparedness services for businesses, has signed a strategic alliance with Wells Fargo Insurance. As a part of the alliance, Wells Fargo Insurance customers will have complimentary access to Preparis’ suite of emergency preparedness resources …