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.

An Inflation Warning for Long-Term Bond Investors
30:20 - Christoph Kind, head of asset allocation at Frankfurt Trust, discusses his strategy of reducing exposure to duration in most government bond markets due to an increase in inflation. He speaks on "Bloomberg Markets: European Close." (Source: Bloomberg)
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