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Allstate Corp. says it expects $1.08 billion in pretax catastrophe losses, mostly from Superstorm Sandy, for the month of October.

Allstate Corp. says it expects $1.08 billion in pretax catastrophe losses, mostly from Superstorm Sandy, for the month of October.

Cincinnati Financial Corp. says it expects a $25 million to $35 million loss to be recorded in the fourth quarter thanks to claims generated by Superstorm Sandy.

Superstorm Sandy, a perfect storm that was caused by an unusual combination of seasonal weather phenomena converging above the Northeast, has stirred some conversation in the media about whether the storm was caused, or made worse, by climate change.

After taking its time to consider the many variables it said would prevent a quick assessment, catastrophe-modeler Risk Management Solutions has finally released its estimate of insured losses due to Superstorm Sandy: between $20 billion and $25 billion.

Disaster modeling company AIR Worldwide raised its estimate of insured losses from superstorm Sandy substantially to between $16 billion and $22 billion.

Disaster modeling company AIR Worldwide raised its estimate of insured losses from superstorm Sandy substantially to between $16 billion and $22 billion.

U.S data aggregator Property Claims Service (PCS) is putting insured losses from superstorm Sandy at $11 billion, which currently leaves catastrophe bond investors safe from losses - but experts say the figure is likely to rise.