Hurricane Season 2012
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Obama Administration Asks for a Near $10B Increase in NFIP Borrowing Authority | PropertyCasualty360

Obama Administration Asks for a Near $10B Increase in NFIP Borrowing Authority | PropertyCasualty360 | Hurricane Season 2012 | Scoop.it
The borrowing authority for the National Flood Insurance Program would be increased 50 percent, to $30.4 billion, as part of a Superstorm Sandy supplemental budget request submitted to Congress by the Obama administration late Friday.
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'Secret Santa' delivers $100 bills to hurricane victims in N.J., N.Y. - The Star-Ledger - NJ.com

'Secret Santa' delivers $100 bills to hurricane victims in N.J., N.Y. - The Star-Ledger - NJ.com | Hurricane Season 2012 | Scoop.it
The Star-Ledger - NJ.com'Secret Santa' delivers $100 bills to hurricane victims in N.J., N.Y.The Star-Ledger - NJ.comELIZABETH — A wealthy Missouri man posing as "Secret Santa" stunned New Yorkers and New Jerseyans today, handing $100 bills to many...
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Navigating Claims Process Can Be a Challenge for Homeowners

Navigating Claims Process Can Be a Challenge for Homeowners | Hurricane Season 2012 | Scoop.it
People looking to rebuild their lives after Superstorm Sandy destroyed and damaged their homes may now have another struggle on their hands: Navigating the...
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Adjusters Battling Power, Phone Outage, Long Gas Lines, Blocked Roads

Adjusters Battling Power, Phone Outage, Long Gas Lines, Blocked Roads | Hurricane Season 2012 | Scoop.it
Major insurers have deployed thousands of claims adjusters in the Northeast in the wake of Superstorm Sandy -- they are working from dawn until late night...
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RMS: Sandy Insured Losses Could Reach $25b | PropertyCasualty360

RMS: Sandy Insured Losses Could Reach $25b | PropertyCasualty360 | Hurricane Season 2012 | Scoop.it
After being conveyed by an insurance executive, an insured-loss estimate of up to $25 billion from Superstorm Sandy is confirmed by catastrophe modeler RMS.
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Rebuilding the Jersey Shore after Hurricane Sandy: A Q&A - The Star-Ledger - NJ.com (blog)

Rebuilding the Jersey Shore after Hurricane Sandy: A Q&A - The Star-Ledger - NJ.com (blog) | Hurricane Season 2012 | Scoop.it
The Star-Ledger - NJ.com (blog)Rebuilding the Jersey Shore after Hurricane Sandy: A Q&AThe Star-Ledger - NJ.com (blog)As Hurricane Sandy trundled toward the Jersey coastline, it pushed a record-breaking storm surge that overran these islands —...
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Many Jersey shore homes damaged by Sandy not eligible for FEMA assistance

Many Jersey shore homes damaged by Sandy not eligible for FEMA assistance | Hurricane Season 2012 | Scoop.it
Thousands of Jersey shore homes and businesses were damaged or destroyed by Hurricane Sandy, but not all will be eligible for FEMA assistance, New Jersey Govern...
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New York, New Jersey Order Evacuations Ahead of New Storm

New York, New Jersey Order Evacuations Ahead of New Storm | Hurricane Season 2012 | Scoop.it
New York and New Jersey ordered the evacuation of nursing homes and low-lying coastal areas already devastated by deadly Superstorm Sandy as a smaller...
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State Farm Takes to the Sky to Get Sandy Claims; Total Now at 81,400 | PropertyCasualty360

State Farm Takes to the Sky to Get Sandy Claims; Total Now at 81,400 | PropertyCasualty360 | Hurricane Season 2012 | Scoop.it
State Farm says it has received more than 81,000 claims from Superstorm Sandy and has acquired a plane in an attempt to get policyholders to report more.
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Disruption from Sandy Doubles Eqecat Insured-Loss Estimate to Up to $20B | PropertyCasualty360

Disruption from Sandy Doubles Eqecat Insured-Loss Estimate to Up to $20B | PropertyCasualty360 | Hurricane Season 2012 | Scoop.it
Catastrophe modeler Eqecat doubled its initial estimate of insured losses from Superstorm Sandy to up to $20 billion.
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Higher Rates, Lack of Coverage Likely After States' Hurricane Deductible Decision: Industry Rep | PropertyCasualty360

Higher Rates, Lack of Coverage Likely After States' Hurricane Deductible Decision: Industry Rep | PropertyCasualty360 | Hurricane Season 2012 | Scoop.it
Insurance companies are smarting over the decision by six states and the District of Columbia to tell insurers they cannot impose hurricane deductibles for losses suffered from “Superstorm” Sandy.
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Many Insurers in 'Frankenstorm' Sandy's Projected Path | PropertyCasualty360

Many Insurers in 'Frankenstorm' Sandy's Projected Path | PropertyCasualty360 | Hurricane Season 2012 | Scoop.it
Insurers are already gearing up for a storm they call Sandy, which appears set to dampen the East Coast.
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Hurricane Sandy Strengthens to Category 2: RMS

Hurricane Sandy Strengthens to Category 2: RMS | Hurricane Season 2012 | Scoop.it
Sandy has strengthened to a strong category 2 hurricane prior to landfall on the Cuban coast, after crossing over Jamaica as a cat 1 hurricane.
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Hurricanes Isaac and Sandy leave behind carnage as 2012 ...

Hurricanes Isaac and Sandy leave behind carnage as 2012 ... | Hurricane Season 2012 | Scoop.it
After Hurricanes Isaac and Sandy led to hundreds of deaths, swept away homes and possessions and ravaged the nation's infrastructure, the 2012 hurricane season officially ends on Friday. Those storms proved that, despite ...
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White House Request for Sandy Aid Expected to Include Flood Insurance Funds

White House Request for Sandy Aid Expected to Include Flood Insurance Funds | Hurricane Season 2012 | Scoop.it
The White House is expected in the coming days to send Congress a multibillion dollar request to fund recovery from Superstorm Sandy, which caused an estim...
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President to Ask for NFIP Borrowing Increase | PropertyCasualty360

President to Ask for NFIP Borrowing Increase | PropertyCasualty360 | Hurricane Season 2012 | Scoop.it
The Obama administration will ask Congress to raise the National Flood Insurance Program’s borrowing authority to $25 billion, according to sources.
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Too Early for Sandy Loss Estimate: Allstate

Too Early for Sandy Loss Estimate: Allstate | Hurricane Season 2012 | Scoop.it
The Allstate Corp.said that its catastrophe losses for the month of October 2012 will exceed $150 million, but said it could not report a more specific lo...
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KCC: Low-Level Wind Damage Claims Adds up to $12b Price Tag for Sandy | PropertyCasualty360

KCC: Low-Level Wind Damage Claims Adds up to $12b Price Tag for Sandy | PropertyCasualty360 | Hurricane Season 2012 | Scoop.it
A survey of Sandy's hardest-hit areas reveals a high frequency of low-severity direct wind damage will add up to about $12 billion in wind losses.
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Insurers With the Most Exposure to Sandy

Insurers With the Most Exposure to Sandy | Hurricane Season 2012 | Scoop.it
SNL took a look at the top writers of homeowners and commercial multi-peril policies in New York, New Jersey, Pennsylvania, Delaware and Maryland, plus the...
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More Industry Reps Express Concerns to States About Hurricane Deductibles | PropertyCasualty360

More Industry Reps Express Concerns to States About Hurricane Deductibles | PropertyCasualty360 | Hurricane Season 2012 | Scoop.it
Insurance companies and their trade groups are continuing to talk to state regulators about the decision of several jurisdictions to tell insurers they cannot impose hurricane deductibles for losses suffered from Superstorm Sandy.
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NFIP May Need Additional Borrowing Authority Post-Sandy | PropertyCasualty360

NFIP May Need Additional Borrowing Authority Post-Sandy | PropertyCasualty360 | Hurricane Season 2012 | Scoop.it
The National Flood Insurance Program will likely need to go to Congress for additional borrowing authority to pay claims from Superstorm Sandy, insurance industry officials say.
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Sandy Claims: How Insurers Can Reduce Class Action, Bad Faith Exposure | PropertyCasualty360

Sandy Claims: How Insurers Can Reduce Class Action, Bad Faith Exposure | PropertyCasualty360 | Hurricane Season 2012 | Scoop.it
An attorney who spent most of his time for several years defending insurance companies in lawsuits after Hurricane Katrina offers some thoughts on what claim executives and their counsel can be doing now to try to reduce potential class action and...
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New York Subways to Shut Down

New York Subways to Shut Down | Hurricane Season 2012 | Scoop.it
The Metropolitan Transportation Authority will close the nation's largest transit system for Hurricane Sandy, shutting down subway, commuter rail and bus service Sunday evening as the storm advanced toward the New York region.
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Major Hurricane Sandy —Frankenstorm— Threatens East Coast

Major Hurricane Sandy —Frankenstorm— Threatens East Coast | Hurricane Season 2012 | Scoop.it
Hurricane Sandy swelled into a major threat to much of the U.S.
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