Lawyer: Very Limited Coverage for Hurricane Sandy

Nov. 16 (Bloomberg Law) -- Most homeowners won't have coverage for damages from Hurricane Sandy because the damage was mostly caused by storm surge -- which policies treat as flood damage, and that's excluded from most policies, according to Adam Ziffer, a partner at Kasowitz Benson Torres & Friedman LLP. Many businesses, on the other hand, will have coverage because their policies pay when utility service is interrupted, he tells Bloomberg Law's Lee Pacchia. Even costs of getting workers to the office and buying them meals will often be covered, he said.

Goldman's Gary Cohn Weighs In on Tech Valuations
48:38 - Gary Cohn, Goldman Sachs's president and chief operating officer, weighs in on tech valuations and the state of financial markets. He speaks with Bloomberg's Emily Chang on "Bloomberg Markets." (Source: Bloomberg)
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