Architects, engineers, real estate experts and lawmakers are gathering to discuss how to make New York City buildings better able to withstand storms and global warming. The city’s Building Resiliency Task Force meets for the first time Wednesday. It’s due …
U.S. Senate Republicans sought to slash a $60.4 billion aid bill to cover reconstruction after Superstorm Sandy, proposing on Wednesday to fund only $23.8 billion in immediate disaster relief while assessing longer-term needs. The far smaller initial amount is one …
Greenwich, Conn., is expected to take delivery early next year of its first fire boat, several months after the town discovered it could not adequately fight fires during Superstorm Sandy. Three homes were destroyed during the Oct. 29 storm and …
Nearly 4 out of 5 Americans now think temperatures are rising and that global warming will be a serious problem for the United States if nothing is done about it, a new Associated Press-GfK poll finds. Belief and worry about …
The insurance industry looks set to absorb about $65 billion in catastrophe claims this year, down from a near-record $120 billion in 2011, reinsurer Swiss Re said. Weather-related disasters in the United States accounted for the bulk of the total, …
The U.S. Senate on Monday began debating a $60.4 billion aid bill to rebuild communities devastated by Superstorm Sandy amid criticism by conservative groups who said the measure was loaded with wasteful, non-disaster spending. The Democratic-controlled Senate is looking to …
A Long Island, N.Y., town official is calling for vehicles damaged in Superstorm Sandy to be scrapped for salvage so they can’t be resold. Smithtown Councilman Thomas McCarthy tells Newsday he fears the vehicles, many corroded by saltwater, may wind …
Assurant Specialty Property announced expected losses from Superstorm Sandy to be in the range of $200 million – $220 million on a pre-tax basis and net of reinsurance. Based on this estimate, the Company does not expect to exceed the …
Federal authorities have extended the amount of time people can stay in hotels and motels if they can’t return to their homes because of damage from Superstorm Sandy. Gov. Andrew Cuomo says the Federal Emergency Management Agency approved four more …
Fitch Ratings has maintained its stable outlook for both the commercial and personal lines sectors of the U.S. property/casualty insurance industry. Insurers have withstood less favorable underwriting and economic conditions in the past several years, which has promoted weaker profitability. …