Superstomr Sandy News

P/C Insurer Profits Rose in 2012, Despite Sandy Losses and Investment Gains Drop

Despite the impact of Superstorm Sandy and smaller investment gains, private U.S. property/casualty insurers’ net income after taxes grew to $33.5 billion in 2012 from $19.5 billion in 2011, with insurers’ overall profitability as measured by their rate of return …

Ellis Island Museum Re-Open ‘Not Likely’ in 2013

The Ellis Island Immigration Museum, which sustained severe damage to its infrastructure from the surging waters of Superstorm Sandy, is not expected to re-open to the public this year, the National Park Service said. The Oct. 29 storm bought water …