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 …
Insurer Hartford Financial Services Group Inc said on Tuesday it expects pretax losses of $370 million from Superstorm Sandy, which ravaged New York and New Jersey in October.The Hartford said 60 percent of the losses were in commercial segments and …
An Alaska senator wants $15 million for tsunami debris clean-up included in a federal disaster relief package for West Coast states affected by Superstorm Sandy. Sen. Mark Begich says the impact of debris from the 2011 earthquake and tsunami in …
American International Group Inc. announced that its preliminary estimate of the company’s after-tax losses related to Superstorm Sandy — net of reinsurance — will total approximately $1.3 billion.The estimate reflects a pre-tax loss estimate, net of reinsurance, totaling some $2.0 …
More than three decades before Superstorm Sandy, a state law and a series of legislative reports began warning New York politicians to prepare for a storm of historic proportions, spelling out scenarios eerily similar to what actually happened: a towering …
The federal government is poised to expand flood zones and push for increases in building elevations along the New Jersey coast in the wake of flooding from Hurricane Sandy. The Federal Emergency Management Agency was planning to revise flood-elevation rules …
The Hartford Financial Services Group CEO Liam McGee said his company’s gross losses from Superstorm Sandy may hit the reinsurance deductible of $350 million. Speaking at the Goldman Sachs Financial Services Conference in New York on Wednesday, McGee also remarked …
