Dive Summary:

• Real-estate tycoon Donald Trump does not own Trump Soho Hotel, but last week, owners of the luxury hotel carrying his namesake filed suit against New York’s Consolidated Edison and an affiliated insurance company for $2.3 million in business they claimed was lost in the 4-day power outage during Hurricane Sandy last October.
• Customers at the 46-story, $700-a-night hotel refused to pay for their stay during the blackout and Trump Soho had to deploy staff to the the tune of $441,000. Trump Soho also lost revenue from four banquet events and took out a $350,000 loan to cover expenses and payroll.

From the article:
“The Trump Soho's insurance company denied an earlier claim for lost business, saying the blackout was caused by flooding at Con Edison's substation on 14th Street. The insurance company, Affiliated FM, does not cover losses due to flooding.
Con Ed also maintains that the power outage was due to flooding. The lawsuit alleges that Con Ed was negligent in preventing flooding at its 14th Street substation.”