New York Gov. Andrew Cuomo announced statewide plans Tuesday to use $1.7 billion in federal storm-damage funds for home repairs, government buyouts of property in flood-prone areas, low-interest loans, flood-prevention measures, and other recovery work. Most of the money will …
Jackie Beagon loved her life along the Connecticut coast, where she and her husband walked to the beach and church and bicycled around the neighborhood. But Superstorm Sandy ripped it all apart, and the couple was forced to sell their …
An insurance industry association testified about insurers’ response to Superstorm Sandy and the lessons learned at a hearing Tuesday before the New York Assembly Standing Committee on Insurance. The American Insurance Association said the insurance industry’s performance in handling a …
Esther Tauscher stood outside her Staten Island, N.Y., home, leafing through boxes of family photos that had been steeped in storm water. She paused to point out life events — her honeymoon, holding her baby boy in a hospital bed. …
Although demand surge was an issue for the property/casualty industry following a trio of hurricanes in 2005, for Superstorm Sandy the demand-surge impact is minimal so far, an expert said recently. There has only been a price impact of 2 …
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 …
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 …
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 …
As winter approaches, construction crews in New York are in a race against the clock to make thousands of houses damaged by Superstorm Sandy habitable again, and the slow pace of progress has led some people to urge officials to …
