A Philadelphia bishop has been charged with insurance fraud related to water damage that his Pentecostal church sustained. State investigators say Bishop Benjamin Fisher of the Greater Bethel Temple in northeast Philadelphia claimed $77,000 in damages over a dozen events …
A warehouse supplying parts to Nissan Motor Co. Ltd.’s and Renault SA’s factory in India was almost destroyed by fire on Thursday, a Nissan spokeswoman said, possibly affecting production at the 400,000-car-per-year plant. The warehouse, operated by third-party supplier Yusen …
Small business owners were most impacted by connectivity issues such as phone and Internet service (56 percent), according to The Hartford Small Business Pulse: Storm Sandy, which surveyed New York, New Jersey and Connecticut small business owners who reported being …
Property/casualty insurers need to step up efforts at educating consumers about flood insurance, a panel of insurance CEOs agreed at the 17th annual Property/Casualty Insurance Joint Industry Forum. Flood insurance holds great potential, both in terms of consumer awareness and …
As companies large and small grapple with losses in Sandy’s aftermath, a number of critical — and costly — business questions have emerged. Darlene Alt and Robert DiUbaldo, two experienced insurance attorneys from international law firm Edwards Wildman Palmer LLP, …
According to the latest estimates, Superstorm Sandy could cost insurers up to $20 billion in insured losses and up to $50 billion in economic losses. Tom Teixeira, a practice leader in Willis Global Solutions, said the numbers are not surprising. …
Catastrophe modeling firm AIR Worldwide estimates that insured losses from Sandy to onshore properties in the U.S. will be between $7 and$15 billion. AIR estimates include wind and storm surge damage to onshore residential, commercial and industrial properties and their …
Floodwaters from Haw Creek, Ind., cost Cummins Inc. an estimated $220 million dollars in property damage in 2008. The company is making an investment to make sure that never happens again. South of Haw Creek, near the intersection of State …
A water heater plant in Johnson City, Tenn., is up and running after flash flooding got into the building. According to the Johnson City Press, the plant was only down for three days after the Aug. 5 rainstorms. A.O. Smith …
Businesses big and small have taken a beating from the power outages caused by the record-setting October snowstorm and the losses are only beginning to be tallied, owners and experts said Monday as tens of thousands of Connecticut homes and …
