Insurance stocks have stronger showing after Sandy

11/20/2012 | CNBC

Insurance stocks are getting back in shape in the wake of Hurricane Sandy, and Bob Pisani writes that an unidentified hedge fund trader expects property/casualty insurers to perform well in the stock market. The trader said that while Sandy could be linked to as much as $25 billion in insured losses, major commercial insurers and reinsurers are expected to absorb most of the losses, Pisani writes. Rates will rise, and "[a]lready this year, premiums are up for business lines. And because so many people were underinsured ... there will be demand for much more insurance, and of course, that will cost them," he writes.

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