10 Realities of the Sandy Claims Process

Sorting through the rhetoric, recognition and razzing around the insurance industry’s efforts to resolve claims from Superstorm Sandy.

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2.The Industry Agrees

The damage caused by Sandy across a large portion of the most densely populated region of the country will likely make this storm the third costliest natural disaster in U.S. history. The nation’s auto, home, and business insurers have the financial strength and human resources to disburse billions of dollars in Sandy-related claims to their policyholders as quickly as possible

— Dr. Robert Hartwig, economist and president of the Insurance Information Institute, in his December 10, 2012, testimony before Congress.

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Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio

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