Claims numbers from Hurricane Sandy could be ’unprecedented’

 Tuesday, October 30, 2012

 Business Insurance

Commercial insurance industry may experience an unprecedented number of claims as Hurricane Sandy approaches the Mid-Atlantic coast. “It’s fair to assume this will create serious claim issues,” said Rick Miller, chief broking officer with Aon Risk Solution’s U.S. property practice in Boston, a unit of Aon P.L.C. “We are bracing for significant damage.” While it’s too early to tell, flood damage from Hurricane Sandy is expected to be a significant portion of potential claims, industry experts say.
CatastropheProperty
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