Monday 5 November 2012

This Week's Most Popular: Monday, November 5, 2012

Claims Journal This Week's Most Popular
November 5, 2012

Top 10 for the Past Week

1.Reinsurers, NFIP Will Bear Brunt of Sandy Losses
Nov 1, 2012 -- While primary insurers will likely shoulder most of the losses from Hurricane Sandy, the reinsurers might not go completely unscathed, based on recent experience. An analysis of catastrophe losses in the wake of Hurricane Irene, which also affected ...
2.No Hurricane Deductibles for Sandy Claims in New Jersey, Maryland
Nov 1, 2012 -- Hurricane deductibles will not be applicable for Sandy-related claims in New Jersey, the state where the superstorm made landfall late Monday. New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski communicated to the ...
3.Superstorm Confirms Scientist's Findings
Nov 1, 2012 -- Climate scientist Michael Oppenheimer stood along the Hudson River and watched his research come to life as Hurricane Sandy blew through New York. Just eight months earlier, the Princeton University professor reported that what used to be ...
4.Debris, Water Stand in Way of New Jersey Recovery
Nov 1, 2012 -- Debris and damage from superstorm Sandy - not to mention lingering floodwaters - hindered recovery efforts a day after Gov. Chris Christie said the state should start thinking about rebuilding. Firefighters were prevented from responding to a series ...
5.$1.75M Settlement Reached in August Busch IV Wrongful Death Case
Oct 31, 2012 -- Former beer baron August Busch IV has agreed to pay $1.75 million to settle a wrongful death lawsuit over his former girlfriend's accidental drug overdose death. The St. Louis Post-Dispatch reported that a judge approved the settlement Tuesday. The ...
6.Hurricane Deductibles Not Applicable to Sandy-Related Connecticut Claims
Oct 31, 2012 -- The Connecticut insurance department issued a notice alerting the insurance industry that companies may not impose a hurricane deductible on Connecticut claims related to superstorm Sandy. "Please be advised based on information received from the ...
7.As Spending Increases Halloween Claims Rise
Oct 31, 2012 -- According to the National Retail Federation, the average person spent $79.82 on decorations, costumes and candy this year, up from $72.31 last year, with total Halloween spending expected to reach $8.0 billion. As the amount spent on ...
8.Mayor Bloomberg's Latest Update on New York City Response to Hurricane Sandy
Oct 30, 2012 -- Michael Bloomberg, the mayor of New York City, updated residents on the city's response to Hurricane Sandy in a speech delivered this morning at the Office of Emergency Management in Downtown Brooklyn, N.Y. "We're joined by Senator Chuck Schumer ...
9.Hurricane Sandy Losses Expected to be Worse Than Irene
Oct 30, 2012 -- Hurricane Sandy appears to have easily caused more losses than last year's Hurricane Irene, but final totals will be hard to come by for some time because of the scale of the disaster, catastrophe forecasting companies said on Tuesday. Sandy left ...
10.Court Rules Illinois Teen Eligible for UIM Coverage Under Father's Business Auto Policy
Oct 30, 2012 -- A teen injured in a car wreck is entitled to underinsured motorist coverage (UIM) under her father's business auto policy even though the vehicle she was riding in was not a listed vehicle on the policy, according to a decision by the U.S. Court ...

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