Insured losses related to Sandy may hit $30B, report says

12/16/2012 | PropertyCasualty360

Insured losses related to Hurricane Sandy could total as much as $30 billion, according to a report from reinsurance-brokerage firm Holborn. "Supply and demand for reinsurance will not be directly affected by surplus changes as a result of Sandy, even though the Northeast is many reinsurers' peak exposure zone," Holborn said.

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