New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski is offering advice to consumers in an effort to help explain the Sandy claims process. The regulator said that so far, more than 458,000 New Jersey homeowner’s, auto, business …
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 …
Hoboken, N.J., Mayor Dawn Zimmer told a U.S. Senate committee Hurricane Sandy caused $100 million in damages to the square-mile city across the Hudson River from Manhattan.Zimmer testified before the Senate Committee on Small Business and Entrepreneurship on Dec. 13, …
W.R. Berkley Corp. announced it expects catastrophe losses attributable to Superstorm Sandy will be between $40 million and $50 million, before tax. The Greenwich, Conn.-based insurer said Thursday its loss estimate gives consideration to all currently available reinsurance and is …
A major push is on to move New York City’s electrical infrastructure to higher ground or upper floors after Superstorm Sandy sent seawater pouring into low-lying substations and skyscraper basements and plunged half of Manhattan into darkness for four days. …
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 …
The Chubb Corporation announced it estimates its losses from Sandy to be approximately $880 million before tax — or $570 million after tax.These amounts include estimated losses and loss expenses net of reinsurance recoverable and also include estimated reinsurance reinstatement …
The National Insurance Crime Bureau(NICB) says progress is being made in identifying and removing thousands of vehicles damaged beyond repair by Superstorm Sandy.The estimate of 230,000 insurance claims for vehicle damage in the areas affected by Sandy remains unchanged at …
The Hanover Insurance Group Inc. announced its preliminary loss estimate from Superstorm Sandy. The Worcester, Mass.-based insurer said it currently estimates the net after-tax earnings impact of the storm to be in the range of $120 to $140 million. Based …
The National Weather Service is considering changing how it issues hurricane watches and warnings.Spokesman Chris Vaccaro said in an email last week that the weather service is considering a proposal to issue watches and warnings for storms that threaten life …
