Residents in Far Rockaway, Queens, are now coping with sinkholes in areas that seemed stable before Superstorm Sandy. The city’s Department of Environmental Protection has determined that the holes were caused by damage to private water and sewer lines. The …
More than 5,000 New Yorkers will be hired for temporary government jobs cleaning up after Superstorm Sandy, officials said Sunday. About $27 million in federal Labor Department money will finance the cleanup and rebuilding positions in New York City and …
More than $664 million in federal aid has been approved for New York’s victims of Superstorm Sandy by the Federal Emergency Management Agency. FEMA said Sunday that more than 230,000 New Yorkers have requested assistance since the storm hit. The …
Reinsurance company Swiss Re estimates that claims stemming from the destruction caused by Superstorm Sandy will cost the company about $900 million. The Swiss company also estimated Monday that total losses from insured damages will total between $20 billion and …
Catastrophe modeling firm AIR Worldwide now estimates that insured losses from Sandy will be between $16 and $22 billion. AIR estimates include wind and storm surge damage to onshore residential, commercial and industrial properties and their contents, automobiles, and time …
New York state and New Jersey need at least $71.3 billion to recover from the devastation wrought by Superstorm Sandy and prevent similar damage from future storms, according to their latest estimates. The total, which could grow, came as New …
The current estimate of vehicles damaged as a result of Sandy hit the 230,000 mark as claims processed by insurance companies have been reviewed and analyzed. Not surprisingly, New York had the most vehicles affected by the storm with 130,000 …
As victims of Superstorm Sandy pick up the pieces of their lives and insurers wade through thousands of claims, industry and public officials are raising concerns about fraud. Since the storm, the National Insurance Crime Bureau (NICB) has issued two …
A devastating storm like Sandy can bring out the crooks – and not just opportunistic looters and burglars. Officials dealing with the destruction in the U.S. Northeast say one of their biggest headaches is debris-removal fraud committed by greedy contractors …
The New York Department of Financial Services says it will station representatives at four locations on Long Island over the next few days to help residents contact their insurers and get questions answered about their coverage for Superstorm Sandy. Superintendent …