Articles by Young Ha

FEMA: Nearly 1,000 Sandy Claimants Signed Up for Claims Review So Far

The Federal Emergency Management Agency (FEMA) last week sent out its first round of letters to the National Flood Insurance Program (NFIP) policyholders who filed Superstorm Sandy-related claims, offering them a chance to have their claims reviewed — and FEMA …

FEMA Sends Out 1st Round of Letters Offering to Review Sandy Flood Claims

The Federal Emergency Management Agency on Monday mailed out its first round of letters to the National Flood Insurance Program policyholders who filed Superstorm Sandy-related claims, asking whether they want their claims reviewed. FEMA is mailing its letters beginning Monday …

Connecticut High Court Upholds Coverage Denial in IBM Data Loss Case

The Connecticut Supreme Court on Monday upheld a lower court’s ruling that Federal Insurance Company and Scottsdale Insurance Company are not required to defend or indemnify the insureds for the loss of computer tapes that exposed personal information of some …

Industry Examines Potential Claims Issues Following Riots

Some 140 vehicle fires, more than a dozen structural fires and nearly 200 arrests were reported in the wake of Baltimore riots that shook the city in late April. And more than 200 businesses were damaged during the riots, according …

Sony, Zurich Settle PlayStation Data Breach Case

Sony Corp. of America and Zurich American Insurance Co. have reached a settlement in a commercial general liability (CGL) policy coverage case stemming from the April 2011 hacking of Sony’s PlayStation online services, according to court documents filed on April …

N.Y. DMV’s New Rule Allows Proof of Auto Insurance in Electronic Format

The New York State Department of Motor Vehicles recently implemented a new regulation that allows motorists to show proof of auto insurance in either the paper or electronic format. The regulation went into effect on April 29, a New York …

Flood Insurance Does Not Cover Debris Removal From Insureds’ Land

A federal appeals court in Philadelphia recently ruled that a standard flood insurance policy from the National Flood Insurance Program does not cover the cost of cleaning up storm-generated debris not owned by the homeowners from their land. The U.S. …

Sen. Schumer Warns N.Y. Homeowners About Flood Insurance Surcharge

U.S. Sen. Charles Schumer, D-N.Y., is urging the Federal Emergency Management Agency (FEMA) to make major changes to what he described as a new, unfair flood insurance rule that has led to the “misapplication of an additional fee of $250 …

Maryland Issues Data Call for Claims Relating to Baltimore Unrest

The Maryland Insurance Administration (MIA) issued a data call for property/casualty insurers, the Maryland Automobile Insurance Fund (MAIF), the Joint Insurance Association (JIA), and surplus lines brokers in the state to provide data regarding claims relating to the recent Baltimore …

N.J. Gov. Signs Electronic Proof of Auto Insurance, Reverse Rate Evasion Bills

New Jersey Gov. Chris Christie signed into law on Thursday A-3905/S-2680, which authorizes motor vehicle operators to display proof of auto insurance in either the physical format (a paper insurance card provided by their insurance carrier) or the electronic format …