Consolidated Edison says power has been restored to more than 80 percent of its customers who were blacked out in the storm. The utility still had 156,800 customers without power at midday Monday. That included about 68,000 homes and businesses …
A veteran attorney who spent several years defending insurance companies in lawsuits from Hurricane Katrina is offering advice to insurers on class action and bad faith exposure post-Sandy. Insurers will be denying claims where flood is not covered by their …
Sandy-related claims are coming in at a fast pace, major insurers say. State Farm Insurance said it received approximately 90,000 Sandy-related claims (76,100 property claims and 13,900 auto claims) as of end of day Nov. 5. Looking at individual states …
New York Gov. Andrew Cuomo said Monday, Nov. 5, that he is ordering insurance companies to ease rules on documenting Sandy-related damages during the claims filing procedure. The governor said that, at his direction, the Department of Financial Services is …
Kim Bondy was in New Orleans seven years ago when Hurricane Katrina devastated the city, and scores of patients died in flooded hospitals cut off from power. She never thought that she might face that danger herself. But on Monday …
The National Weather Service said a nor’easter with wind gusts up to 50 mph is expected to hit the New Jersey, New York coastal region on Wednesday into Thursday. In an updated forecast on Tuesday, Nov. 6, the agency said …
Widespread power outages and subway shutdowns may wind up making Superstorm Sandy the second most expensive storm in U.S. history. That would rank it right behind Hurricane Katrina. Eqecat said last week that the damage from the storm will likely …
The American International Group executives are assuring investors that Sandy-related losses won’t have any significant impact on the company’s financial strength. Also, AIG announced in its Sunday, Nov. 4, bulletin to employees that most of its offices in the New …
Allstate Corp.’s chief executive said the company’s effort during the past five years to reduce exposures along the East Coast is helping to lower Sandy-related losses. “It’s still too early to tell on either the volume, the mix or the …
[Update: Maine also announced this week that hurricane deductibles would not apply for Sandy-related claims in the state. The Maine Bureau of Insurance told Insurance Journal Monday, Nov. 5, that hurricane deductibles will not apply since no hurricane warnings were …
