ACE Limited announced preliminary losses in the fourth quarter for the ACE Group of companies attributable to Superstorm Sandy in the northeastern United States are currently estimated to be $380 million after tax, net of reinsurance and including reinstatement premiums. …
The Hanover Insurance Group, Inc. announced a preliminary loss estimate from Storm Sandy, which produced widespread damage along the East Coast of the United States in late October. The Hanover currently estimates the net after-tax earnings impact of this storm …
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 National Insurance Crime Bureau (NICB) says progress is being made in identifying and removing thousands of vehicles damaged beyond repair by Sandy. The estimate of 230,000 insurance claims for vehicle damage in the areas affected by Sandy remains unchanged …
AIG estimates it will take $1.3 billion in losses related to Superstorm Sandy, more than other major insurance companies have reported so far. New York-based American International Group Inc. said Friday it will contribute about $1 billion to its U.S. …
The National Weather Service is considering changing how it issues hurricane watches and warnings. Spokesman Chris Vaccaro said in an email Wednesday the weather service is considering a proposal to issue watches and warnings for storms that threaten life and …
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 …
New Jersey’s attorney general has filed a lawsuit against the organizer of an upcoming post-superstorm “reconstruction summit,” alleging the man has violated the state’s Consumer Fraud Act and has created the false impression that the summit is somehow government-sanctioned. Attorney …
The Jersey shore community where a roller coaster plunged into the ocean, becoming the defining image of Superstorm Sandy, hopes to let its residents move back home in January. Seaside Heights Mayor Bill Akers said Wednesday night that he and …
Since Superstorm Sandy smashed the Jersey shore, owners of flood-damaged homes along the New Jersey coast feared something else might happen to their properties, sitting vacant and largely unwatched. Those fears came true for a dozen homeowners Wednesday morning in …