storm losses News

N.Y. Liberty Island, Home of Statue of Liberty, Still Closed Post-Sandy

The Statue of Liberty survived Superstorm Sandy with every crown spike in place, but its surrounding island was so badly damaged that the National Park Service doesn’t know when the beloved tourist attraction will reopen or how much repairs will …

Cold, Mold Loom as Hazards in Sandy Disaster Zones

A month after Sandy’s floodwaters swept up his block, punched a hole in his foundation and drowned his furnace, John Frawley still has no electricity or heat in his dilapidated home on the Rockaway seashore in Queens, New York. The …

New York Gov. Cuomo Proposes $9B for Storm Damage Prevention

New York Gov. Andrew Cuomo wants huge electrical transformers in commercial buildings hauled to upper floors and wants the ability to shutter key tunnels, airports and subways from floodwaters as part of a $9 billion plan to safeguard New York …

Wind Deductibles and Sandy: What It Means for Total Insured Losses

On October 29, 2012, when Hurricane Sandy made landfall along the northeast coast—a year to the day since the last northeastern superstorm and fourteen months since Hurricane Irene — the wind speeds recorded by the National Weather Service indicated the …

South Carolina Emergency Officials Study Sandy for Lessons

Emergency officials on the South Carolina coast are looking at Superstorm Sandy to try to learn ways to better prepare for future storms. Horry County emergency management director Randy Webster has been looking at the impact of Sandy, The Sun …

New York, New Jersey Put $71 Billion Price Tag on Sandy

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 …

AIR Worldwide Survey Team Describes Sandy Losses in N.J., N.Y.

AIR Worldwide recently concluded damage survey of areas impacted by Superstorm Sandy, which made landfall on Oct. 29, five miles southwest of Atlantic City, New Jersey. On November 11, 2012, AIR teams were deployed to survey damage in New York …

SNL Report: Insurers Begin Issuing Sandy Loss Estimates

A number of insurers have begun issuing their Sandy loss estimates in the weeks since the superstorm devastated the East Coast. The SNL Financial compiled these company-specific loss estimates in a new report this week. United Fire Group Inc. expects …

NYPD Targets Tow Truck Scams in Storm Areas

New York City police are working to prevent unscrupulous tow truck drivers from taking storm-damaged vehicles before insurance companies can get to them. NYPD Deputy Inspector Joseph Kenny tells WABC-TV that some tow truck drivers pretend they’re contracted by the …

RMS’s Sandy Insured-Loss Estimate Is $20-$25 Billion, WSJ Reports

Catastrophe modeling firm Risk Management Solutions’ insured loss estimate for Sandy would be in the range of $20 billion to $25 billion, according to a report from The Wall Street Journal.RMS has not yet published its estimate publicly as of …