Hurricane Sandy continues to have an impact on homeowners insurance Homeowners insurance in the U.S. has been in a tumultuous state since the impact of 2012’s Hurricane Sandy. More than six months after the storm struck the East Coast, the homeowners insurance sector continues to reel from the damage that had been caused by the catastrophe. In recent months, the states affected by the storm have garnered relatively little attention, but New York officials are beginning to voice their concerns regarding the recent actions of some insurance providers. New York…
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Flood insurance woes delay recovery in Long Island
Long Island homeowners have yet to receive payouts from their flood insurance policies Thousands of residents in Long Island, New York, are still waiting on their insurance payouts in the aftermath of Hurricane Sandy. The powerful storm struck the island more than three months ago, but many of its homeowners are still struggling to recover from the damage caused by the devastating storm. Most of these homeowners have been in contact with their insurance providers, but insurers have continued to delay claims payments or outright denying claims due to technicalities.…
Read MoreHurricane Irene Expected to Make Landfall in North Carolina before Tracking on to
BOSTON, Aug. 26, 2011 – According to catastrophe modeling firm AIR Worldwide, parts of the southeastern United States were already experiencing dangerous swells and rip tides yesterday as Hurricane Irene exited the Bahamas. Presently, ahead of Hurricane Irene’s forecasted arrival in North Carolina tomorrow, high waves and storm surge are beginning to impact the state’s Outer Banks. As of the National Hurricane Center’s (NHC) 11:00 am advisory, Irene-now a Category 2 storm (down from Category 3 status yesterday)-is 330 miles south-southwest of Cape Hatteras, North Carolina, tracking north at 14…
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