Sandy damage News

Busy, Stressful Year of Storm Recovery Ahead in New Jersey

Tricia McAvoy is busily preparing for a Christmas party — now set for next summer. She’s making a list of who to invite to a party she’s having. She’s planning the food and drink menu, mentally checking off what can …

Sandy-Flooded Inland Towns in N.J. See No Solutions

Images of New Jersey’s devastated shoreline captivated the nation in the days after Superstorm Sandy.Less noticed was the enormous damage caused inland when earthen barriers along or near the Hackensack River were breached, sending a tidal surge washing over parts …

Up to $25 Million in Sandy Losses for N.Y.-Based Navigators Group

The Navigators Group Inc. announced on Dec. 21 that its preliminary estimate of losses relating to Superstorm Sandy ranges between $18 million and $25 million, net of reinsurance and the effects of reinstatement premiums.The Rye Brook, N.Y.-based Navigators Group’s preliminary …

N.J. Commissioner Reminds Public Adjusters to Keep Fees Reasonable

The N.J. Banking and Insurance Department’s Acting Commissioner Ken Kobylowski issued a bulletin last week to all public adjusters reminding them that the fees they charge consumers must be reasonably related to services performed. The bulletin also informed public adjusters …

N.Y. Banks, Lenders to Expedite Insurance Payments to Homeowners

New York Gov. Andrew Cuomo announced Wednesday that major banks and mortgage servicers will take action to expedite insurance payments to New York homeowners in the wake of Superstorm Sandy. Currently, insurance claim checks must be endorsed by the banks …