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Catastrophe models will continue to be exposed by events like Superstorm Sandy because they can fail to contemplate all possible sources of loss, says Lockton Cos.

Catastrophe models will continue to be exposed by events like Superstorm Sandy because they can fail to contemplate all possible sources of loss, says Lockton Cos.

Verisk's Property Claim Services (PCS) unit has increased its insured-loss estimate from Superstorm Sandy to $18.75 billion, with a large majority of losses felt in New York and New Jersey.

Data aggregator Property Claims Service upped its insured loss estimate from superstorm Sandy to $18.75 billion, leaving investors in a catastrophe bond issued by Swiss Re facing possible losses.

Data aggregator Property Claims Service upped its insured loss estimate from superstorm Sandy to $18.75 billion, leaving investors in a catastrophe bond issued by Swiss Re facing possible losses.

Ongoing coastal building and pervasive drought conditions throughout the U.S. could increase the likelihood of more weather-related losses in 2013.

Due to claims generated by Superstorm Sandy, Cincinnati Financial Corp. predicts a loss of between $25 to $35 million in the fourth quarter.

Vehicles flooded during Sandy could resurface in the used car market. Read about "title washing" here.