Hurricane Sandy Could Cost Insurers $10B In Claims

Law360, New York (October 30, 2012, 6:38 PM EDT) -- Property and casualty claims from Hurricane Sandy could cost insurers between $5 billion and $10 billion, according to initial estimates, but attorneys say the damages could rise even higher as power outages and shuttered ports and public transit systems continue to cripple businesses in the wake of the historic storm.

With the wind and rain from the major storm covering such a wide area and affecting goods traveling by sea as well as subways, buses and bridges, attorneys told Law360 that early damage estimates are likely...
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