Articles by Young Ha

Superstorm Sandy-Related Loss Estimates Pile Up

Since Superstorm Sandy slammed into the New Jersey coastline on Oct. 29, 2012, dozens of insurers and reinsurers have publicly announced their Sandy-related preliminary loss estimates. The following are loss estimates for carriers headquartered in U.S. central regions. These estimates …

Attorney Behind $43M Award for Ohio Agent Against Nationwide to File Class Action

An Ohio law firm that represented a former Nationwide Insurance agent for a $42.8 million jury verdict is getting ready to file a class action against the insurer “in the near future.” Attorney Caryn Groedel and her law firm Caryn …

Munich Re: Sandy Tops 2012 Disasters

A series of severe weather-related catastrophes led to higher-than-normal losses in the United States last year. The world’s largest reinsurer Munich Re took a close look at these catastrophes in its “2012 Natural Catastrophe Year in Review,” published on Jan. …

List of Company-Specific Sandy-Related Loss Estimates

Since Superstorm Sandy slammed into the New Jersey coastline on Oct. 29, 2012, dozens of insurers and reinsurers have publicly announced their Sandy-related preliminary loss estimates. The following are the latest company-specific estimates as of Jan. 8, 2013 (in alphabetical …

Attorney Behind $43M Award for Ohio Agent Against Nationwide Insurance to File Class Action

An Ohio law firm that represented a former Nationwide Insurance agent for a $42.8 million jury verdict is getting ready to file a class action against the insurer “in the near future.” Attorney Caryn Groedel and her law firm Caryn …

New Insurance Laws Taking Effect

A number of states have new insurance-related laws slated to take effect in 2013. Here’s a peek. Visit www.InsuranceJournal.com for more coverage. California: The California workers’ comp benefit delivery system will undergo changes in 2013 as part of SB 863, …

NYC Marathon Organizers Likely to Get Millions From Event Insurance

The New York Road Runners — a non-profit community running group and the organizer of the annual New York City Marathon — could get millions of dollars in insurance proceeds thanks to its event cancellation coverage. The New York Road …

Rising Cost of Sandy Damages

It’s been a month since Superstorm Sandy wreaked havoc along the East Coast, devastating coastal towns and bringing a record storm surge and flooding and prolonged power outages. And the cost keeps rising. On Nov. 26, New York City Mayor …

Superstorm Sandy’s Aftermath

Superstorm Sandy was one of the largest storms ever to hit the East Coast. And it’s also likely to be one of the costliest storms ever recorded in U.S. history. We have in-depth coverage of Superstorm Sandy in this issue, …

Private Equity Firm Buys Confie Seguros from Genstar

Confie Seguros was acquired by Boston-based private equity firm ABRY Partners in a deal that closed on Nov. 9, which the rapidly expanding auto insurer focused on the U.S. Hispanic market says will help it grow to double or triple …