Filed Under:Agent Broker, Personal Lines Business

Hartwig: Insurers Financially Prepared for Sandy Claims

Benign 2012 Catastrophe Losses Thus Far

Insurers have the logistic and financial resources to handle Hurricane Sandy, says Robert Hartwig, president of the Insurance Information Institute. 

“Catastrophe losses are down 40-50 percent through the third quarter [compared to last year],” says Hartwig. “Even with losses from Sandy, 2012 catastrophe losses will still be well below 2011.” 

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