Superstorm Sandy News

Christie Unveils Buyout Offer to New Jersey Flood Victims

Some 350 homeowners in the central New Jersey towns of Sayreville and South River whose properties have flooded repeatedly will be eligible to sell their homes in the first phase of a new federally funded buyback program, New Jersey Gov. …

NOAA Report Says Feds’ Warnings About Sandy Were Confusing

Federal weather forecasts for Superstorm Sandy were exceptionally accurate last fall, but the warnings themselves were confusing, an internal review found. The gigantic October storm lost tropical characteristics hours before landfall in New Jersey, so the National Oceanic and Atmospheric …

Demolition Begins on N.J. Coaster Wrecked by Sandy

Riding the Jet Star roller coaster as a girl vacationing at the Jersey shore, Nicole Jones said there was always that one breath-catching moment when the passenger cars swerved toward the ocean, as if threatening to dump riders into the …

Work Crews Begin Demolishing Storm-Wrecked Homes in Mantoloking, N.J.

Work crews are beginning to demolish storm-damaged homes in the Jersey shore town that was hit hardest by Superstorm Sandy. Minor debris removal has already started in Mantoloking, and the first of 50 storm-wrecked houses were expected to be demolished …

N.J. Law Requires Insurers to Provide 1-Page Summary of Homeowners Coverage

New Jersey Gov. Chris Christie has signed into law on Monday a bill that aims to help homeowners better understand their insurance policies. The legislation (A3642/S2502) requires homeowners’ insurers to give policyholders a one-page summary of the policy explaining “notable …

After Sandy, Underwriters, CAT Models View Northeast Like Southeast: NAPCO

Superstorm Sandy may not have hardened the insurance market, but it has changed the way underwriters view the Northeast, a view that catastrophe models will reflect going forward. According to NAPCO’s Spring 2013 State of the Market Report, underwriters and …

In Connecticut, Sandy Aid Tops $367M; Flood Insurance Payouts Reach $220M

More than $367 million in federal assistance has been approved to help the state with disaster expenses related to Superstorm Sandy, Connecticut Gov. Dannel P. Malloy said on May 3 as other officials highlighted recovery needs along the shoreline. The …

25 New York Gas Stations Settle Post-Sandy Price-Gouging Claims

Twenty-five gas stations have settled price-gouging claims made against them immediately after Superstorm Sandy hit New York, state Attorney General Eric Schneiderman announced Thursday. The stations settled for a total of $167,850 and investigations are pending against dozens of others, …

N.J. Commissioner: Residents With Unresolved Sandy Claims Can Turn to Mediation

New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski said on May 1 that New Jersey residents with unresolved non-flood insurance claims related to Superstorm Sandy can have their cases mediated through the American Arbitration Association (AAA). Application forms …

Key Figures on Superstorm Sandy, 6 Months Later

Superstorm Sandy, a hybrid of a hurricane and two cold-weather systems, struck six months ago on Oct. 29, concentrating most of its fury on New Jersey, New York and Connecticut and becoming one of the most expensive storms in history. …