Sandy News

Insurer Reports Sandy Flood Claims Resolving Quickly

A bulletin by the National Flood Insurance Program helped spur quicker processing of Sandy flood-related claims. Prior to the bulletin, claims were adjusted according to the policy and guidelines established by the Federal Emergency Management Agency (FEMA), according to Jeff …

Reinsurers, NFIP Will Bear Brunt of Sandy Losses

While primary insurers will likely shoulder most of the losses from Hurricane Sandy, the reinsurers might not go completely unscathed, based on recent experience. An analysis of catastrophe losses in the wake of Hurricane Irene, which also affected the New …