NU Online News Service, Dec. 28, 12:51 p.m. EDT
In terms of insurance losses, the blizzard that hit the northeast over the holiday weekend is less severe than snowstorms affecting the same area earlier this year, according to officials at the Insurance Information Institute.
But the sixth heaviest snow storm on record in the New York area is likely to have little impact on insurer balance sheets, according to Robert Hartwig, president and chief economist at the I.I.I.
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