Moody's Investors Service says in a new report that one positive result of Hurricane Sandy for insurance companies is that the event will likely help support price increases going into 2013.
The Moody's report says the brunt of the losses will likely be borne by State Farm, Allstate, Travelers and Liberty Mutual, an analysis seconded by officials at Fitch Ratings.
The Moody's analysts say that as “large national writers, these companies have diversified exposures and strong capital bases to withstand weather-related volatility.”
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