The U.S. House of Representatives adjourned on Tuesday night without acting on a $60.4 billion Superstorm Sandy disaster aid bill, prompting angry denunciations from members from the states hardest hit by the storm.”I have just been informed that we will …
An initiative that sends workers into storm-damaged Staten Island homes in New York to make electrical repairs for free is being suspended because officials say it’s getting expensive.Borough President James Molinaro tells the Staten Island Advance in a story published …
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 …
The Robin Hood Foundation says it is beginning to distribute $50 million in proceeds from last week’s benefit concert to organizations helping victims of Superstorm Sandy.Madison Square Garden spokeswoman Michelle Isaacs said Wednesday the money was raised through ticket sales, …
Homeowners, businesses, and municipalities in the tri-state area continue to rebuild and rebound from Superstorm Sandy. Often, large-scale devastation and destruction are followed by lawsuits against individuals and entities allegedly responsible for protecting, managing, and maintaining the damaged buildings. A …
Architects, engineers, real estate experts and lawmakers are gathering to discuss how to make New York City buildings better able to withstand storms and global warming. The city’s Building Resiliency Task Force met for the first time Wednesday. It’s due …
More than 507,950 individuals have registered for the Federal Emergency Management Agency assistance in wake of Superstorm Sandy, as of Dec. 17. FEMA also said this week that $1.09 billion in disaster aid has been approved so far. Additionally, FEMA …
Axis Capital Holdings Ltd. said this week its preliminary estimate of the total net financial impact of Sandy is around $300 million — net of tax and estimated recoveries from reinsurance and including estimated reinstatement premiums. The Pembroke, Bermuda-based provider …
