A national insurance association is applauding New Jersey Gov. Chris Christie’s decision to adopt new advisory flood maps issued last month by the Federal Emergency Management Agency and implement more stringent rebuilding guidelines for flood zones. “The Property Casualty Insurer …
Superstorm Sandy landed one final stunning blow to New Jersey on Thursday, Jan. 24, as the state adopted rebuilding guidelines that come with sticker shock. They will force homeowners in flood zones to spend tens of thousands of dollars to …
The New York regulators’ latest “report cards” on the performance of insurers in the wake of Superstorm Sandy shows that 1,830 consumer complaints have been filed from 381,827 Sandy-related claims — at the rate of 0.48 percent. The information in …
Superstorm Sandy, one of the nation’s costliest natural disasters, is giving new urgency to an age-old debate about whether areas repeatedly damaged by storms should be rebuilt, or whether it might be cheaper in the long run to buy out …
Environmentalists are decrying the placement of 18,000 damaged automobiles on a runway at a defunct defense plant on eastern Long Island, N.Y. The vehicles were destroyed by flooding from Superstorm Sandy. The town supervisor in Riverhead disputes the idea that …
Irene Sobolov believes the first floor of her house in Hoboken, N.J., is just that. The federal government and her insurance company say it’s a basement. The semantics, Sobolov has learned, are very expensive. Sobolov and others whose lower-level apartments …
New Jersey Gov. Chris Christie said the Hurricane Sandy aid package Congress approved Tuesday will help expedite rebuilding after the superstorm, but he poked federal lawmakers for being “a little late to the party.” Christie reminded an overflow audience at …
A leading New York lawmaker introduced two pieces of legislation this month to help homeowners better understand their insurance coverages and to tighten the timeframe requirements for insurers when responding to claims following catastrophes.Details of the proposed legislation are as …
The New Jersey Assembly’s financial institutions and insurance committee gave approval Monday, Jan. 14, to a recently introduced bill that seeks to make it easier for homeowners to understand what their policy covers and does not cover. The bill, A3642, …
The New Jersey shore town of Bradley Beach came through Superstorm Sandy in better shape than many of its neighbors that sustained serious to catastrophic damage from the waves and storm surge.A major reason: Bradley Beach had protective sand dunes …
