Fitch: Sandy-Related Insured Losses Likely to Exceed $20 Billion

 Wednesday, January 9, 2013

 Insurance Networking News

Insured losses attributable to Superstorm Sandy will exceed $20 billion, according to an update from Fitch Ratings, and based on loss estimates from individual companies totaling $16 to $17 billion so far, or just below insured loss estimates from third-party catastrophe modelers. Credible loss estimates have been difficult to create due to the size of the affected areas, particularly with respect to flooding and business interruption claims, which has contributed to the uncertainty in estimating losses. Several larger insurers still had not reported estimated losses at the time of the report’s publication, which could add another $5 billion or more in losses.

Insurers Bruised, not Battered by Sandy

 Friday, December 28, 2012

 Insurance Networking News

Deepwater Horizon insured losses may be $6 billion: Fitch

 Thursday, October 21, 2010

 Business Insurance

EQECAT Narrows NZ Quake Insured Loss Estimate

 Monday, September 13, 2010

 National Underwriter Property & Casualty