Experts are reviewing plans to secure the arm of a crane that’s been dangling off a luxury high-rise in midtown Manhattan. City officials said on Thursday, Nov. 1, that inspections of the crane have been completed.
Insurers said Sandy-related claims have been pouring in at a rapid pace in the immediate days after the storm — and that as some sense of normalcy returns, many more claims are expected. The Progressive Corp. CEO Glenn Renwick said …
Superstorm Sandy is threatening to drag the U.S. government’s debt-ridden flood insurance program back into the political crosshairs just months after Congress attempted to put the controversial program on a sound financial footing. It is unclear if claims from Sandy, …
Superstorm Sandy — and the widespread power outages and transport problems that followed — affected business operations of numerous companies in the Northeast, including those of insurers and brokers. Companies were turning to their business continuity planning (BCP) to continue …
The Hartford Financial Services Group reported $401 million profit for its third quarter, up from $60 million profit posted during the same period one year ago. CEO Liam McGee said the Hartford generated strong third-quarter financial results, reflecting the continuing …
As the insurance industry makes assessments for superstorm Sandy’s impact, analysts say there is now the potential for significant business interruption (BI) and contingent business interruption (CBI) losses. Fitch Ratings said that while many lines of insurance will be affected …
Climate scientist Michael Oppenheimer stood along the Hudson River and watched his research come to life as Hurricane Sandy blew through New York. Just eight months earlier, the Princeton University professor reported that what used to be once-in-a-century devastating floods …
When the National Hurricane Center declared Sandy a “post-tropical storm” just before it made landfall, a lot of homeowners across New Jersey, New York, Connecticut and Maryland may have saved a lot of money. The governors of these states have …
Pumping water out of basements and yanking rotten food out of refrigerators, shop and restaurant owners said on Thursday they wonder when the power will come back and, more importantly, how they will possibly recover from the damage left by …
From New York City’s Staten Island to the popular beach towns of the Jersey Shore, rescuers and officials on Friday faced growing evidence of widespread destruction wrought by superstorm Sandy, mounting anger over delayed relief and a rising death toll. …
