The U. S. Small Business Administration has approved over $560 million in disaster assistance loans for residents and businesses in New York affected by Hurricane Sandy and is eager to do more. “Currently 8,234 disaster loans have been approved in …
A New York commission formed to examine ways to guard against future storms like Sandy is calling for flood walls in subways, water pumps at airports and sea barriers along the coast among dozens of proposals. Their report was first …
Most of the contributors to a New Jersey town’s fund to rebuild a boardwalk destroyed by Superstorm Sandy are out-of-towners. Belmar has raised $250,000 since its “Buy a Board” campaign began in late November. Mayor Matt Doherty tells the Asbury …
Federal emergency officials say $6 million from Washington has been paid on 1,020 claims made in Rhode Island related to Superstorm Sandy. The Providence Journal reports that it’s unclear how many more claims remain to be processed in the state …
It may be January, but Jim and Joanne Murphy are excited to get back to the beach – Normandy Beach, N.J., the community they call home. They were among the few residents who returned to the area Monday, the first …
Fragile economies and extreme weather have combined to crank up the global risk dial in the past year, creating an increasingly dangerous mix, according to the World Economic Forum. Despite Europe’s avoidance of a euro break-up in 2012 and the …
While Superstorm Sandy did highly visible damage to homes, boardwalks and roads, it also walloped the Northeastern fishing industry, whose workers are hoping for a small piece of any future disaster assistance that Congress might approve. The storm did millions …
An innovative option to resolve complex Sandy claims is being offered to personal and commercial Liberty Mutual insurance customers: independent mediation or arbitration. The property and casualty insurer announced that it has teamed with Kenneth R. Feinberg of Feinberg Rozen …
The Federal Emergency Management Agency (FEMA), which administers the National Flood Insurance Program (NFIP), has notified Congress that without the approval of additional borrowing authority, funds available to pay claims will be exhausted sometime around the week of January 7. …
Natural disasters cost insurers $65 billion last year, with the United States accounting for nine-tenths of the bill and Superstorm Sandy prompting payouts of $25 billion, a leading insurance company said Thursday. However, Munich Re AG said that the total …