Tag: hurricane sandy insurance

Auto insurance costs are rising, but Americans are happier with their coverage

Questionable tow and glass claims run rampant

J.D. Power and Associates have found that despite the price, satisfaction is high. The results of a new J.D. Power and Associates study have been released, showing that while Americans are paying more for their auto insurance policies, their satisfaction levels with the companies that are covering them have risen. This is good news for an industry that will be facing tremendous claims from Hurricane Sandy. These results were from the 2012 U.S. Auto Claims Satisfaction Study conducted by J.D. Power and Associates. It has indicated that while out of…

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Homeowners insurance companies are already responding to Hurricane Sandy claims

H. Cutner
New York power outage from Hurricane Sandy- Homeowners Insurance fraud Coverage

Insurers are deciding whether or not to dispatch mobile claims units. Following the superstorm, homeowners insurance companies are already working to respond to the claims that have already started pouring in, including the decision as to whether or not mobile claims units will be justified and required. They want to process as much as possible before others return to their homes to see the damage. There are still some customers who live in regions where they are not yet able to go back to their homes in order to see…

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Hurricane insurance losses from mammoth storm reaches billions

Julie Campbell
Hurricane Sandy flood insurance

Sandy left a wide path of destruction in her wake when it slammed the U.S. North East. Although residents of the North Eastern United States had been hoping for the best, the hurricane insurance losses resulting from Sandy will likely hit the $5 billion mark and above. Insurers and others in the industry are already crunching the numbers from the “frankenstorm”. Even before beginning to perform these calculations, it was clear to the hurricane insurance industry that the numbers would run well into the billions. Fitch Rating, for example, said…

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Homeowners insurance impact of hurricanes like Sandy

Homeowners flood Insurance hurricane sandy damage

The importance of coverage in these storms is clear, but many wonder how they affect premiums. Aside from emergency supplies and a safe place to stay throughout a hurricane, homeowners insurance is one of the most important things that a family can have to protect them against the potential devastation of a storm. But what is not as clearly understood, is if weather like Sandy will drive premiums skyward. Some estimates have said that the damage that hurricane Sandy could cause throughout its time after making landfall could reach as…

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