Archive for October, 2012

Aftermath of Hurricane Sandy

Hurricane Sandy has come and gone, but the devastation left in her wake is far from over. The high winds, flooding, storm surges and snowfall have taken their toll on the U.S. Northeast. Here are a few things that are worth monitoring in the coming week.

1. Preliminary estimates claim that Sandy could be the second costliest storm in U.S. history, behind Hurricane Katrina. Early assessments project $10B to $20B in total property damage and loss of business, but these figures could reach as high as $50B before the final calculations are complete. High winds, storm surges, fires and massive flooding battered the Northeast; millions of families are without power and it could be days before it’s restored. If you live in the affected areas and have not yet contacted your insurance agent, you must do so as soon as possible. The total value of insurance claims will be in the tens of billions of dollars and you’ll want your claim filed sooner rather than later to ensure the process begins in a timely manner.

2. The latest approximation — on Wednesday October 31 — asserted nearly 50 individuals lost their lives to Hurricane Sandy. Most deaths resulted from falling objects, including trees. Although Sandy the storm is over, precautions must be taken to limit further property damage, injury or loss of life.

3. How will Hurricane Sandy affect the presidential election next Tuesday? Both candidates were in the final stages of campaigning for votes when Hurricane Sandy hit. Both President Obama and presidential hopeful Mitt Romney have modified their focus from the election to providing help/support to the storm affected areas. Could this possibly shake any swing states?

In the coming days, as we move from riding out the storm to cleaning up her aftermath, it’s imperative to continue to monitor the situation closely. Hurricane Sandy’s effects may be felt by not only the Northeast, her impact ultimately could change the United States of America.

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The Midwest Mushroom Stampers (adult coed kickball team) are just 11 days away from the 2012 Circuit Cup Championship in New Orleans, LA (http://register.kickball365.com/). This tournament is bringing together 26 of the top teams throughout the country. States that will be represented include: Florida, Virginia, New York, Louisiana, Georgia, Oregon, California, Arizona, Pennsylvania, Missouri, Wisconsin, Maryland, Texas, and Washington DC. The tourney will consist of 4 pool play games with the top 16 teams advancing to a single elimination tournament. First place cash prize – $10,000. I will continue to post more details as we get closer to this much anticipated event. There will be live footage the day of the tourney online. More details to follow. You can also follow MMS at (http://www.facebook.com/home.php#!/pages/Midwest-Mushroom-Stampers/233184006707096).

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Multinational companies lining up…

A friend sent this article to me last week and I wanted to share. He knew I would find it extremely interesting as I was connected to the sports industry for so many years.

New Jersey is currently fighting against many sports organizations (NFL, NCAA, MLB, NFL, & NBA), including the Federal Government to allow sports gambling in their state. Should they win this tough battle, you will more than likely see a waterfall effect hit other states throughout the country. ‘The National Gambling Impact Study Commission believes as much as $380 billion is bet illegally in the U.S’; while only $2.9 billion was gambled away legally in the state of Nevada in 2011. Montana, Oregon, and Delaware also allow some form of sports wagering in the United States – “parlay betting only.”

Governor Christ Christie is leading the attack with a strong case at winning this historical event.  I would love to hear your opinions on this as it will change the face of sports wagering throughout the country.

(*news article provides by http://sports.yahoo.com)

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(photo provided by http://www.cnn.com)            


Hurricane Sandy is expected to affect nearly 60 million people in the northeastern portion of the United States and has been labeled by some as the “Perfect Storm.” We normally find ourselves focused on the potential threat of a hurricane in Florida, Alabama, Louisiana, and Texas. This will be an extreme change for our New England friends, as the last major storm to hit that area was in 1999 by Hurricane Floyd.

This storm will more than likely provide a record high in windstorm claims for this particular region of the US when she finally passes. For those commercial real estate owners that will be affected, please take all precautions necessary. As soon as Sandy has passed; mitigate any possible additional damage, take photographs of all areas affected, and contact your commercial insurance agent immediately. As I always tell my clients…the quicker you can get the claim submitted, the quicker the insurance adjuster will get to your property to get the issue resolved. (additional information can be found at http://www.cnn.com/)

Please do not hesitate to contact me should you have any insurance/claims related questions.


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Halloween – 2012

Halloween always brings out the best of you. Janine and I decided to go as Barbie and Ken from Toy Story 3. I would say it was a successful evening!



Game of Thrones

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-Bradenton, FL – 578,000 Square Feet – Built 1973 (renovated in 1997)

I’ve been working on this large shopping center for nearly six months. It’s coming down to the wire as the closing on the property is just days away. If you’re uninformed about the insurance industry, when you send a submission to your insurance broker to begin the quoting process, they then will approach numerous insurance carriers that they feel can compete to earn the business. One issue that I always encounter is the fact that only one insurance agent can obtain access to each specific insurance carrier (examples include AmRisc, Great American, certain Lloyds of London syndicates, etc.). For this specific account, I was given access to only two insurance carriers. It was a long shot but I’ve been able to put together an extremely competitive rate. (The odds of writing this account from the beginning would be the same as Northwestern playing the Miami Heat — there is a shot, but it’s a long one) However, as my dad used to always tell me, “nothing is less important than the score at halftime.”

I’m keeping the hope alive that I’ll receive some good news early next week — in the meantime, I’ll take all the help I can get. Send me some positive thoughts and, with a little bit of luck, I’ll have good news to share in November!

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                                                                                                                          (Photo provided by http://www.wunderground.com/tropical/)

Although Hurricane Sandy is not going to provide south Florida with a direct hit; it never hurts to be over-prepared. The hurricane will still provide a significant amount of rain/wind for south Floridians. The beaches are expected to see 11-14 foot waves from Thursday until Sunday morning. Should you have any damage from the storm…first do your due-diligence by mitigating any additional damage and then call your commercial insurance agent immediately. For more information on the storm visit (http://www.sun-sentinel.com/)

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