The National Weather Service said a nor’easter with wind gusts up to 50 mph is expected to hit the New Jersey, New York coastal region on Wednesday into Thursday. In an updated forecast on Tuesday, Nov. 6, the agency said …
Widespread power outages and subway shutdowns may wind up making Superstorm Sandy the second most expensive storm in U.S. history. That would rank it right behind Hurricane Katrina. Eqecat said last week that the damage from the storm will likely …
The American International Group executives are assuring investors that Sandy-related losses won’t have any significant impact on the company’s financial strength. Also, AIG announced in its Sunday, Nov. 4, bulletin to employees that most of its offices in the New …
Allstate Corp.’s chief executive said the company’s effort during the past five years to reduce exposures along the East Coast is helping to lower Sandy-related losses. “It’s still too early to tell on either the volume, the mix or the …
Insured losses from a round of summer storms in late June and early July have risen to more than $400 million, a state-based insurance information group reported. Property casualty insurers are reporting losses of at least $433.5 million from the …
Insured losses from last week’s violent hailstorm in Dallas should be just under $1 billion, a trade group for Texas insurers said on Tuesday, sharply less than what another industry group estimated last week. The Insurance Council of Texas, via …
The state’s total cost of recovering from Tropical Storm Irene is estimated at $733 million, and the federal government is expected to pay about three-quarters of that amount, Administration Secretary Jeb Spaulding said on June 14.About $486 million is to …
Carter Henson uses an overhead crane to position a bucket containing one yard of cement over a metal form that, when removed, will create a new safe room. With the release of a lever, the cement pours from the bucket …
A New Jersey couple whose beach house was destroyed by a storm 50 years ago has finally been awarded compensation for it, but may appeal the award. Barely two years after Edward and Nancy Klumpp built their beach house in …
Less than a year after a series of tornadoes caused some of the worse insured losses in U.S. history, the insurance industry is likely facing substantial costs again after storms killed at least 33 people on Friday. Friday’s system has …
