Catastrophe modeling firm AIR Worldwide published a field survey report on Wednesday, Nov. 14, detailing damages their representatives saw in some of the hardest-hit areas post-Sandy. According to AIR Worldwide, Sandy’s diameter made it the largest Atlantic hurricane on record …
Major insurers have deployed thousands of claims adjusters in the Northeast in the wake of Superstorm Sandy — they are working from dawn until late night to make contacts with policyholders, complete the estimate process and move claims forward. They …
N.J. resident Kevin Kelly couldn’t quite tell the damage Superstorm Sandy caused his 30-foot Wellcraft Sportfisher when he saw it last week. It was in the middle of Shrewsbury Avenue in Highlands, N.J., under a pile of about 30 boats …
Damage from storm surge and flooding caused by Superstorm Sandy is widespread and extensive — but there is only minor damage to buildings from direct wind, according a field survey report this week from Willis Re. Willis Re is the …
Some Manhattan office buildings badly damaged by SuperStorm Sandy two weeks ago are coming back on line faster than even their owners predicted.One New York Plaza will allow the first group of its tenants to move back in next Monday, …
As companies large and small grapple with losses in Sandy’s aftermath, a number of critical — and costly — business questions have emerged. Darlene Alt and Robert DiUbaldo, two experienced insurance attorneys from international law firm Edwards Wildman Palmer LLP, …
Property/casualty insurer Chubb Corp. suspended its stock buyback program, because it has not yet been able to determine what its total costs related to Superstorm Sandy will be. The Warren, N.J.-based company is considered to be one of the insurers …
People looking to rebuild their lives after Superstorm Sandy destroyed and damaged their homes may now have another struggle on their hands: Navigating the often-frustrating claims process with their insurance companies. This time around, people won’t be paying exorbitant hurricane …
Utility companies in New York and New Jersey closed in on restoring power this past Sunday to the last of the 8.5 million customers who lost it during the superstorm two weeks ago and a subsequent nor’easter storm, but tens …
Damage and economic losses from Superstorm Sandy will cost New York state $33 billion, Gov. Andrew Cuomo said last Thursday, and come just as state government runs up a deficit. Cuomo called the estimate “a lot of money, even for …
