This is a Property CAT loss involving Superstorm Sandy. On 06/26/15 we received a payment request in the amount of $454,463.08, taking into account reinstatement premium of $87,501.36 & brokerage fee of $4,375.07 net pay due is $371,336.79. The Pay Timeliness Form has been tasked to K.Haniff. Our current total incurred is $3,000,000 & has been posted since 12/28/12; our paid to date is $2,181,420.88 with an outstanding loss reserve of $818,579.12. After booking the net payment of $454,463.08 our reserve will be $364,116.04. The Superstorm Sandy loss of 10/28/12 falls with our contract period of 01/01/12 – 12/31/12 our cover is 2% of 150M x 600M (3M Occ limit) this contract has an Aggregate Limit of $6,000,000. After payment of the $454,463.08
Recently and historically hurricanes have caused catastrophic amounts of damage to individuals, property, and society as a whole. Given this immense amount of destruction caused by hurricanes, a president’s response to these storms is not only extraordinarily significant but necessary for society to recover from the damage. Not only does the president need to provide aid and support to the victims affected directly by these hurricanes, but also unite America in these times of crisis. A president’s ability to deal with these dire situations is crucial to their success and a representation of their leadership skills. Hurricane Maria and Hurricane Sandy were both similar storms that resulted in contrasting results. Two deadly storms with two very different responses: one from Obama and the other from Trump. President Obama’s response to Hurricane Sandy was swift and respectful, while Trump’s to Maria was sluggish and demeaning to the people of Puerto Rico, demonstrating the contrast between Obama’s heart and intellect and Trump’s idiocy and heartlessness.
time of crisis by R. David Paulison, who unlike Brown, has had a career focused on disaster
Portia owes Bon $500 on their roof repair contract, but refuses to pay. To collect, Bon files a mechanic’s lien. Under a mechanic’s lien, security for the debt is represented by
Have you ever driven down the Garden State Parkway and seen car magnets that have “Jersey Strong” written on them? To summarize what “Jersey Strong” means in a few words is that no matter what obstacle strikes the Garden State, the people who live in New Jersey can get through anything together. In the 2012 Atlantic hurricane season, New Jersey was hit by a deadly hurricane that left southern parts of the state in complete ruins. Not only were thousands of homes and businesses destroyed, but also over one hundred people were killed nationwide. This hurricane was a natural disaster that thousands of people could never forget about. The history making hurricane, Hurricane Sandy, did not only leave destruction in New Jersey, but also personal and economic troubles.
I was wondering if you can call Deanna Strong and explain to her, we have a balance of $9.30, which is over 120 days and is not covered under her T&H. It is for unleaded gas, and we need payment for it. I told her a couple of months ago, and she said she was going to pay but I think she got confused. I will spread the T&H credit to the open invoice 2380625.
g. On December 31, 2012, the company completed the work on a contract for an out-of-province company for $7,900 payable by the customer within 30 days. No cash has been collected and no journal entry has been made for this transaction.
In 2006, 46.32% of the claims on the business (apart from those related to working capital) have been provided by outsiders. They did not create enough profit to cover their interest expense for the year as this figure was minus 4.69 times. It would take the company 2.49 years to pay back all their liabilities.
ORIGIN OF LOSS: This loss is a result from overflow into risk. We meet with insured and her daughter in law. They showed me where the mitigation had done removal and demo, bathroom, master bathroom and bedroom.
Hurricanes are formed over tropical waters. These intense storms consist of winds over 74 miles per hour (Ahrens & Sampson, 2011). The storms addressed here are Hurricane Katrina and Hurricane Sandy. This paper will explore the contrasts and comparisons between these two horrific storms.
As the Assistant Administrator of National Preparedness with the Federal Emergency Management Agency (F.E.M.A.) when Super Storm Sandy made landfall on October 29, 2012, in New Jersey it brought with it storm surges of more than 11 feet, killing more than 100 people (including 43 in New York of which 34 occurred in Queens and Staten Island), destroying or damaging thousands of homes, and leaving more than 8 million people without power.
approached Atlantic City, New Jersey it was as strong as a Category 2 Hurricane. At
Collaboration involves various groups or groups of people working together to accomplish a desired outcome. It is a bit like teamwork. By strengthening connections during an emergency crisis, you have the ability to be more effective, faster, produce more, and have more personnel available. Collaboration offers more innovation and experience to a situation. This paper will discuss the roles of those that were involved in the collaborative efforts of FEMA. The basic reasoning for this paper is to provide knowledge and understanding the experience of emergency management and collaboration that took place during Hurricane Sandy.
Hello everyone! Hope all is well…As your CSAWF Liaison and Outreach Coordinator, members often ask questions regarding their benefits. The concerns ranged from understanding the benefits to securing the reimbursements.
The Atlantic hurricane season officially began on June 1, 2015. It was a near average season in which twelve tropical cyclones formed. Eleven of the twelve designated cyclones attained tropical storm status. Of the eight tropical storms, four reached at least Category 1 hurricane intensity. The 2015 season extended the period without major hurricane landfalls in the United States to ten years, with the last such system being Hurricane Wilma in 2005. The lack of activity was primarily attributed to an atmospheric circulation that favored dry, sinking air over low latitudes to the west of 40°W and westerly wind shear enhanced by El Niño. A few notable events occurred during the season. Ana was the first tropical cyclone to form in the off-season since 2012. Fred was one of the easternmost tropical storms recorded and made landfall in Cape Verde as a Category
Answer: Property and casualty insurance protects property (houses, cars, boats, and so on) against losses due to accidents, fire, disasters, and other calamities. Property and casualty policies tend to be short-term contracts and, that’s why the subject to frequent renewal is, and one more characteristic feature is the absence of savings component. Property and casualty premiums are based on the probability of sustaining the loss. To estimate the key determinant of the price of an insurance policy, i.e. risks, insurance companies take third-party proceedings that develop models of catastrophe loss probabilities. Based on the numbers form Exhibit 5 of the case we see that