named windstorm News

A federal appeals court has upheld a lower court’s ruling in favor of an insurance company in a breach of contract suit brought by a Houston-based oil and gas exploration and production company. The dispute in Saratoga Resources Inc. v. …

New Jersey Transit, the nation’s third-largest bus, rail and light rail transportation provider, is suing several excess insurers to recoup additional $300 million for Superstorm Sandy losses. NJ Transit says its Sandy-related losses fall under the “Named Windstorm” peril in …