Hurricane Sandy: A Harrowing Storm and it’s East Coast Impact

Just over two weeks ago, one of the most devastating storms in recent history struck the East Coast of the United States. Hurricane Sandy destroyed countless homes, businesses, and took an alarming number of lives with it when it finally faded away on Halloween. Now, let’s take a look at just what kind of damages it inflicted.

 

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All About the Benjamins: The Revolution in P&C Insurance Payouts

Modern business has always evolved around one specific material: paper. And the insurance industry was no exception to this rule. Money is made of paper, first of all. Paper was the surface on which important documents were forged and signed. Paper was also what made up the checks that insureds received in the mail when it was time for any given insurance company to make good on a policy promise.

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Been Caught Stealin’: The Cautionary Tale of Martin Frankel

We’ve talked, on this blog, about insurance fraud many times before. But our focus has always been on a somewhat small scale (think builders who leave with your money before their job is done or a homeowner claiming exaggerated losses after a house fire). Now, however, comes a case where the money laundered is in the hundreds of millions instead of the tens of thousands; where the swindled aren’t unsuspecting insureds, but entire insurance companies across the United States. This is the case of Martin Frankel and his $200 million in stolen loot. Continue reading

Rain, Rain, Go Away: Flooding in New England

Do you love your car? Maybe it has all the bells and whistles and still has that new car smell; maybe it’s an oldie but a goodie that fits like a glove. Although no matter what level of affinity you have for your vehicle, there’s not much of a chance you’d feel the same way after spending hours trapped in it, partially submerged in floodwater, as many Connecticut residents did last week. Continue reading