Businesses in New York and New Jersey that were preparing insurance claims for losses from Superstorm Sandy now have a second headache: how to deal with new losses from an early winter snow storm. The snow and wind from the …
Pat Groover called her insurance company on Tuesday morning, the day after a massive tree gave in to storm Sandy’s winds, ripped the front off a neighbor’s house and pulled siding and gutters off of Groover’s home. The path of …
Insurance claims from Hurricane Isaac have begun to trickle in, with one estimate saying losses to insurers could total $1.2 billion. AIR Worldwide, which models losses for insurers, said its best estimate of losses was $1.2 billion. Insurers could have …
New York’s Metropolitan Transportation Authority is submitting claims to insurers and the federal government to recover $65 million in losses it suffered during Hurricane Irene last year. The MTA says winds and floods caused by the hurricane damaged its regional …
Antonia Schreiber is taking no chances on the next big storm. The remnants of Hurricane Irene turned the 200-year-old building that housed her Catskill Mountains spa boutique into a muddy mess a year ago in Windham, N.Y. She managed to …
Insurers estimate that recent wildfires in Colorado caused at least $449.7 million in damage. The figure released Tuesday by the Rocky Mountain Insurance Information Association is based on claims filed so far for houses lost at the High Park Fire …
Vendor and venue problems are the most frequent causes of wedding day mishaps that result in insurance claims. Wedding insurance experts at Travelers Insurance recently analyzed the company’s wedding insurance claims from 2011 and found that a total of 31 …
U.S. P/C insurers cumulatively paid $408 billion in catastroph- related claims to their auto, homeowners and business policyholders between 1990 and 2011, yet the overwhelming majority remain well-capitalized in 2012, according to Dr. Robert Hartwig, CPCU, an economist and president …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, released its latest Global Catastrophe Recap report, which analyses the natural disaster perils that occurred worldwide during January. The report reveals that while there was no single major …
The federal government has approved $420 million in disaster aid for Pennsylvanians hit by the one-two punch of Hurricane Irene and Tropical Storm Lee. Updated figures from federal and state emergency management officials say more than 94,000 people registered for …