CNC Insurance Delaware Business Insurance Update - Will Hurricane Sandy Cause New Restrictions and Requirements For Insuring Coastal Property?

It's a good question, and one that we'll have the answer to very soon. Hurricane Sandy was a history making event and one that will have insurance companies evaluating how to insure coastal properties. Claims are in the billions of dollars leaving only speculation as to how insurance companies will recoup those loses. Possible price changes, increased deductibles and for some companies, emergency federal funding. Also, the possibility of new requirements and regulations will have to be evaluated. We may never see another storm like Sandy in our life times but the financial effects will be felt for many years to come. Until Next time, be careful out there and know your risks.

G. Kevin Nemith
President, CNC Insurance Associates

Proudly serving Delaware, Maryland, Virginia, New Jersey, and Pennsylvania
Business Insurance, Small Business Insurance, Enterprise Risk Management
www.cncinsurance.com
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