Many homeowners who suffered losses because of flooding from Hurricane Sandy are likely to find themselves out of luck. Standard homeowners policies don’t cover flooding damage, and the vast majority of homeowners don’t have flood insurance. Yet it’s likely that …
Hurricane deductibles will not be applicable for Sandy-related claims in New Jersey, the state where the superstorm made landfall late Monday. New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski communicated to the insurance industry Tuesday night that …
Fresh on the heels of Hurricane Sandy’s destruction historical climatologist Evelyn Browning-Garriss on Wednesday said the weather phenomenon that generated the nearly 1,000-mile wide storm that slammed into the East Coast is here to stay for a while. Due to …
Standard & Poor’s Ratings Services said it expects Hurricane Sandy to have only limited impact on the ratings on U.S. property/casualty insurers, global reinsurers, and certain catastrophe bonds. Although it anticipate that losses from Sandy will affect (re)insurers’ fourth-quarter earnings …
The Connecticut insurance department issued a notice to the insurance industry Tuesday, alerting the industry that companies may not impose a hurricane deductible on Connecticut claims related to superstorm Sandy. “Please be advised based on information received from the National …
Attorney General Chris Koster announced he has reached a settlement with Innovative Wealth Builders Inc., requiring the Florida business to pay $36,000 in penalties and to abide by Missouri telemarketing laws. Koster filed a lawsuit against the business last March, …
A Verona, Wis., woman has been cited for drunken driving after the 21-year-old allegedly caused three crashes in less than three hours. Authorities say the woman acknowledged being responsible for all three collisions in Dane and Green Counties. She was …
A year after a spectacular fire destroyed its main facility, a Fort Wayne, Ind., company has overcome a series of bureaucratic hurdles and begun to rebuild. “We had so many entities involved: the city, county, state, federal. And we had …
A St. Louis man was sentenced to two life terms for his part in the robbery and murder of St. Charles, Mo., insurance agent in 2007. Before being sentenced, 33-year-old Cleo S. Hines testified that he was forced to drive …
New York Gov. Andrew Cuomo said yesterday that 90 percent of Long Island utility customers were without electricity after Sandy ravaged the New York City metropolitan area. He also says hundreds of lives were saved by New York City police, …
