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Agencies Saw Business Interruption Claims After October Nor’easter
Insurance Journal.com, a major publisher of insurance related content, reported the following about the October 2011 Nor’easter:
Local agencies in the Northeastern region say they saw cases of business interruption claims following the unusual, freak snowstorm that swept through the area last month.
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Abbate Insurance Associates in Connecticut also saw business interruption claims from local restaurants following the October Nor’easter. “When people lost power, their refrigeration went out, all their goods in the refrigerators were lost,” said Bob Brunell, a representative from Abbate Insurance.
“And they could not serve customers because they had to wait for power and for inspections from the health department to make sure everything was okay. So those two things caused some of the businesses to be interrupted. Frankly it wasn’t as bad as it could have been. It could have been a lot worse.”
According to an estimate from the Connecticut Insurance Department, Connecticut suffered up to $750 million in insured damages. Overall insurance-covered damages for all the states affected by the October snowstorm could be anywhere between $1 billion and $3 billion, according to industry estimates.
Read The Entire Insurance Journal.com Article Here
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Membership Will Afford Additional Benefits To Clients
New Haven, Connecticut (July 1, 2010) ― Abbate Insurance Associates, Inc., a full service insurance agency, announces that it has become a member of the prestigious Renaissance Alliance; a coalition of independent agencies, insurers, and service providers. It is the first agency in the Greater New Haven area to attain membership in Renaissance Alliance.
J. Bruce Cochrane, President of the Renaissance Group, states that, “Abbate Insurance Associates is one of the highest performing agencies in its class. Renaissance Alliance recruits and accepts only the most forward-looking and progressive members who are committed to impeccable standards of integrity, service, and excellence. We are delighted to welcome Abbate Insurance into our ranks.”
About Abbate Insurance Associates
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