Insurers are starting to deploy adjusters to handle claims from Hurricane Sandy. An article in yesterday’s Wall Street Journal reports that “Disaster-modeling firm AIR Worldwide estimates the industry’s share of losses at $7 billion to $15 billion. At the high end of that range, Sandy would become the third-most expensive storm for insurers in U.S. … Continue Reading
The Supreme Court of Georgia recently held that a property insurer potentially was required to compensate an insured for both the cost of building repair, as well as for the diminution of value of the property resulting from the damage, even after repairs were completed. This diminution in value potentially could result, for example, from … Continue Reading
