The cost of Superstom Sandy to the global marine market has been put at between $2.5 billion and $3 billion — which effectively wipes out the entire U.S. marine premiums for 2012, according to the annual spring statistics issued by …
New York Gov. Andrew Cuomo’s administration says banks and mortgage service companies have released $112 million in insurance checks intended for victims of Superstorm Sandy, but delayed by bureaucracy. The New York Department of Financial Services had sought to free …
Liberty Mutual and its subsidiaries today reported 2012 fourth-quarter net loss of $234 million, with the results including $576 million Superstorm Sandy losses. In comparison, the Boston-headquartered insurer had $285 million profit during the 2011 fourth quarter. But the latest …
Nearly $208 million in insurance payments in 6,600 checks haven’t been released from banks to victims of Superstorm Sandy, according to New York Gov. Andrew Cuomo.He says his administration is working with banks to pay the money more quickly. The …
