Filed Under:Claims, Auto

Sandy-Damaged Vehicles Hit 230,000 Mark

The losses from Sandy keep piling up. On Nov. 26, AIR Worldwide substantially raised its estimate of total insured losses to between $16 billion and $22 billion, while the National Insurance Crime Bureau (NICB) revised its projections about the total number of vehicles swept away by Superstorm Sandy.

Based on claims information provided from the Insurance Services Office, Inc. (ISO), a subsidiary of Verisk Analytics, the NICB now estimates that at least 230,000 vehicles were damaged in the storm. Not surprisingly, New York logged the most damaged vehicles, with 130,000 claims. Meanwhile, New Jersey has reported 60,000 auto claims.

Featured Video

Most Recent Videos

Video Library ››

Top Story

Taiwan earthquake collapses two high-rises. Shoddy construction investigated

The Taiwanese government has ordered an investigation into a building's collapse, as images show tin cans built into the walls of the toppled complex.

Top Story

20 of the wealthiest places in America

If you want to build your roster of high-net-worth clients, these are the cities you should be targeting.

More Resources

Comments

eNewsletter Sign Up

Claims Connection eNewsletter

Breaking news on disasters, fraud, legal trends, technology, and CE initiatives for the P&C claim professional – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.