Filed Under:Claims, Auto

Sandy Crashes Ashore

Putting the Superstorm’s Wrath into Sharper Focus

The PropertyCasualty360.com staff (of which Claims is part) is accustomed to hearing and writing about catastrophes. However, it is rare for so many of us to be smack in the middle of a severe weather event ourselves. Those working out of Summit Business Media’s Hoboken, N.J. office, for example, simply do not witness the types of extreme weather with which many of our constituents to the south, west, and even north regularly contend.

NFIP Borrowing Authority May Need to Be Raised to $30B

By Arthur D. Postal, regulatory and compliance news editor for LifeHealthPro.com.

“These estimates, while useful, are often later significantly revised,” he said.

Griffin adds, “PCI suggests that a more useful estimate comes from the actual data and claims being reported, as provided in this case by Ed Connor, deputy associate administrator at the NFIP.”

Experts Debate Impact of Infrastructure Damage on  Loss Estimates

By Chad Hemenway, PropertyCasualty360.com

Insurance implications due to damage to infrastructure from Superstorm Sandy are still difficult to estimate at this point, but most infrastructure is not privately insured. 

Sandy-Damaged Vehicles Hit 230,000 Mark 

By Christina Bramlet, PropertyCasualty360.com

On Nov. 26, the National Insurance Crime Bureau (NICB) revised its projections about the total number of vehicles damaged by Superstorm Sandy. Based on information provided from the Insurance Services Office, Inc. (ISO), a subsidiary of Verisk Analytics, the NICB estimates that 230,000 vehicles were damaged by the storm. Not surprisingly, New York logged the most damaged rides with 130,000, while New Jersey generated 60,000 claims.

Featured Video

Most Recent Videos

Video Library ››

Top Story

Hosting a Super Bowl 50 party? Watch out for these 5 risks

Follow these five tips to keep your guests and your home safe during your Super Bowl 50 party.

Top Story

Win big with these 7 food safety tips for your Super Bowl 50 party

Avoid food safety penalties at your Super Bowl party by following these seven tips.

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.