Jared Zola and Jeffrey L. Schulman – December 21, 2012 Homeowners, businesses, and municipalities in the tri-state area continue to rebuild and rebound from Superstorm Sandy. Often, large-scale devastation and destruction are followed by lawsuits against individuals and entities allegedly responsible for protecting, managing, and maintaining the damaged buildings. A handful of such lawsuits have… Continue reading Attorneys Discuss Liability Insurance Coverage for Sandy Litigation
Tag: Hurricane Sandy
Sandy-Related Insured Losses Likely to Exceed $20 Billion – Insurance Networking News
Chris McMahon – January 8, 2013 Fitch says total estimated losses could continue to rise, as several insurers have yet to release loss estimates. Insured losses attributable to Superstorm Sandy will exceed $20 billion, according to an update from Fitch Ratings, and based on loss estimates from individual companies totaling $16 to $17 billion so… Continue reading Sandy-Related Insured Losses Likely to Exceed $20 Billion – Insurance Networking News
Rebuilding Post-Sandy: the Quandary Posed by FEMA’s New “Advisory Base Flood Elevations”
Thomas D. McCloskey – December 20, 2012 Executive Summary This Alert hopes to sensitize readers to the issues that are emerging in the post-Sandy rebuilding process and to urge both caution and patience when considering the finite alternatives – and funding resources – out there. We are now almost eight weeks post-Sandy. As recovery and… Continue reading Rebuilding Post-Sandy: the Quandary Posed by FEMA’s New “Advisory Base Flood Elevations”
Navigating the Insurance Implications of Superstorm Sandy
Mary Beth Forshaw and Bryce L. Friedman – December 11, 2012 In the weeks since Sandy struck the east coast of the United States, estimates of property damage, business interruption expenses and other related losses have exceeded $70 billion, with insured losses estimated to be in the $25 billion range. As hundreds of thousands of… Continue reading Navigating the Insurance Implications of Superstorm Sandy
Insurance Claims For Superstorm Sandy Property Damage And Business Interruption – Insurance – United States
Mark A. Collins, Ryan S. Smethurst and Margaret H. Warner – November 19, 2012 It is estimated that Superstorm Sandy could cause up to $50 billion in losses, and up to $20 billion in insured losses. Businesses should review their commercial property insurance policies and submit claims for Sandy-related losses, if warranted. * * *… Continue reading Insurance Claims For Superstorm Sandy Property Damage And Business Interruption – Insurance – United States