Flood insurance claims probe sought by New Jersey Senator

Hurricane Sandy Damage flood Insurance surcharge

U.S. Sen. Robert Menendez feels that victims of Superstorm Sandy were shortchanged by insurers. According to U.S. Senator Robert Menendez (New Jersey), the Federal Emergency Management Administration (FEMA) should be conducting an investigation into allegations that are being made that flood insurance companies that have been handling the flooding damage claims from Superstorm Sandy are manipulating the situation in order to shortchange policyholders. Senator Menendez held a press conference from his office in Newark, New Jersey. At the press conference, Senator Menendez called for Craig Fugate, the FEMA Administrator, to…

Read More

Flood insurance deadline extended by FEMA

hurricane sandy flood insurance news

This means that victims of Superstorm Sandy will have another 6 months to submit their paperwork. For most of the people across the country, Superstorm Sandy is nothing more than a bad memory, but for many homeowners who have yet to be compensated by flood insurance, it is a nightmare that feels like it will never end. FEMA is now trying to express its understanding of the situation of homeowners who were victims of Sandy. Though it may have been quite some time ago, the flood insurance claims continue to…

Read More

Connecticut insurance payout timing for Sandy running out

Connecticut Insurance

Fifteen months after the superstorm smashed its way through the area, homeowners are still waiting for their insurers. While Superstorm Sandy may no longer be making the top headlines anymore it doesn’t mean that the Connecticut insurance industry has finished up with all of the claims and payouts that were wrapped into this horrendous natural disaster that ripped across the east coast of the country. Some homeowners insurance customers are still waiting to receive the payouts for their claims. The problem is that time is starting to run out according…

Read More

Coastal home insurance costs rising in Massachusetts

coastal home insurance

This situation is starting to cause concern for officials in the state, where sea levels are a growing problem. Property owners along the seaside and riverside in the state are facing a double level of concern regarding the rising sea levels and the cost of coastal home insurance that is going along with it. The damage caused by Superstorm Sandy is being used as an example of what Massachusetts could one day see. Although the majority of the damage along the coastline was to New York City and New Jersey,…

Read More

Insurance news from Superstorm Sandy continues a year later

hurricane sandy flood insurance news

Many homeowners are still waiting and fighting with FEMA to be able to receive payouts. Though a year has now passed since Superstorm Sandy started making insurance news headlines, there are 88,750 people among the 155,287 who have filed a claim with an insurer or FEMA, who have been deemed unqualified for payments. There are hundreds of homes that were demolished during the storm that remain off-limits. Today, the insurance news has transformed from the initial devastation that occurred as a result of the storm, into the ongoing battle that…

Read More

Flood insurance affordability demanded in Hurricane Sandy report

Hurricane Sandy Damage flood Insurance surcharge

The task force that has been assigned to the Superstorm in the United States has released a report. According to a report that was just released by the Hurricane Sandy Rebuilding Task Force, there are 69 recommended actions that coastal areas should take as a lesson from the superstorm, including making flood insurance a more affordable form of coverage for home and property owners. The American task force identified these various recommendations to help to prevent the recurrence of similar devastation. At the start of this year, the Disaster Relief…

Read More

Homeowners insurance issues growing for many Sandy victims

Flood homeowners Insurance Rates raising homes

Following the devastation left behind by sandy, residents of the area now face another expensive choice. Thousands of homeowners insurance customers are now facing expensive choices beyond having to manage and pay for the repairs from the catastrophe that Superstorm Sandy left in its wake along coastal areas of the eastern United States. Many property owners are finding that they can’t afford any of the choices now in front of them. This homeowners insurance news isn’t entirely new to these residents, except for the fact that it is now coming…

Read More