Superstorm Sandy may not have hardened the insurance market, but it has changed the way underwriters view the Northeast, a view that catastrophe models will reflect going forward. According to NAPCOs Spring 2013 State of the Market Report, underwriters and CAT modelers will now treat the Northeast more like the Southeast when it comes to property pricing and the availability of flood insurance. The wholesale brokerages report also says that underwriters will be using enhanced technology that can provide more precise modeling to help underwrite in this region.
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