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Hurricane Sandy is a storm with little precedent on the East Coast and is likely to trigger a significant volume of commercial-property claims, according to officials at insurance broker Willis North America.
Hurricane Sandy is a storm with little precedent on the East Coast and is likely to trigger a significant volume of commercial-property claims, according to officials at insurance broker Willis North America.
Neace Lukens purchased Lou Crawford & Associates, Allied World partnered with Venture Underwriters to provide a GL program for commercial contractors, Ebix and Silanis formed an e-signature partnership and more.
Risk Management Solutions says Sandy's impact on the East Coast is much more severe than last years Hurricane Irene. As emergency personnel, modelers and insurers assess the ultimate damage, some have connected the storm to hot topics such as federal risk-management strategies, insurers' disaster responses, and climate change.
Sandy prompts state insurance departments to issue alerts and guidance for simplifying the claims process and handling motor vehicle damage, amongst other losses.
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