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Insurers are starting to deploy adjusters to handle claims from Hurricane Sandy. An article in the Wall Street Journal reports that “Disaster-modeling firm AIR Worldwide estimates the industry’s share of losses at $7 billion to $15 billion. At the high end of that range, Sandy would become the third-most-expensive storm for insurers in U.S. history.” Yesterday, an article in the New York Times by Mary Williams Walsh and an article in PropertyCasualty360 by Chad Hemenway reported that catastrophe-modeler Eqecat predicts total economic damages at between $30 billion and $50 billion, with insured losses between $5 billion and $10 billion. The Times reports that the top three homeowners’ insurers in New York are State Farm, Allstate and Travelers.


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